Solar Panel Cost Guide in Henderson, NV (2023 Update)
- Henderson Solar Installation Cost: $10,196
- 25-Year Savings: $24,401
- Payback Period: 7.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Henderson
Find out what the average cost of solar panels are in Henderson.
Although the national average of solar panels is $2.66 per watt, solar panels in Henderson typically cost about 2.52. The average solar panel system size in Henderson is around 5.8 kilowatts, meaning a cost of about $10,196 for a solar installation, or $14,580 before the 30% federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may look different based on your energy needs and what company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Henderson can save around $23,000 on their power bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Henderson
| Year | Return on Investment |
|---|---|
| 1 years | $-8,812 |
| 3 years | $-6,044 |
| 5 years | $-3,277 |
| 7 years | $-509 |
| 9 years | $2,259 |
| 11 years | $5,027 |
| 13 years | $7,795 |
| 15 years | $10,562 |
| 17 years | $13,330 |
| 19 years | $16,098 |
| 21 years | $18,866 |
| 23 years | $21,633 |
| 25 years | $24,401 |
Top Solar Installers in Henderson
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Henderson
Factors that Affect Solar Panel Costs in Henderson
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Henderson have solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Henderson, and each can charge varying amounts for labor and equipment. Additionally, some companies in Henderson know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.62 | $11,007 | $24,904 | 7.7 years |
| 8 kW | $2.57 | $14,394 | $33,488 | 7.5 years |
| 10 kW | $2.52 | $17,640 | $42,213 | 7.4 years |
| 12 kW | $2.47 | $20,745 | $51,079 | 7.2 years |
| 14 kW | $2.42 | $23,708 | $60,086 | 7.1 years |
| 16 kW | $2.37 | $26,531 | $69,234 | 6.9 years |
| 18 kW | $2.32 | $29,212 | $78,524 | 6.8 years |
| 20 kW | $2.27 | $31,752 | $87,954 | 6.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you're worried about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Henderson, NV Solar Cost FAQs
How much does it cost to install solar panels in Henderson?
The average cost of solar panels in Henderson is about $12,600 for a 5-kW system and $25,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Henderson?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.