Solar Panel Cost Guide in Incline Village, NV (2024 Update)
- Incline Village Solar Installation Cost: $13,491
- 25-Year Savings: $18,956
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Incline Village
We go over average solar pricing in Incline Village.
The average cost of a solar panel system in Incline Village is 3 per watt.Using this figure, a typical 6.3-kW system would cost about $13,491 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar installer in Incline Village for a customized quote.
Solar savings over time in Incline Village
| Year | Return on Investment |
|---|---|
| 1 years | $-12,319 |
| 3 years | $-9,977 |
| 5 years | $-7,634 |
| 7 years | $-5,291 |
| 9 years | $-2,949 |
| 11 years | $-606 |
| 13 years | $1,737 |
| 15 years | $4,080 |
| 17 years | $6,422 |
| 19 years | $8,765 |
| 21 years | $11,108 |
| 23 years | $13,450 |
| 25 years | $15,793 |
Top Solar Installers in Incline Village
Many homeowners decide to use a solar installation company since figuring out how to install solar panels on your own can be a lot of work. Another great thing about using a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you're searching for a solar company in Incline Village, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Incline Village
Factors that Affect Solar Panel Costs in Incline Village
The cost of installing a solar system in Incline Village can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,080.The kind of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Incline Village have solar loans, which reduce your upfront costs of installing solar panels.While solar loans make adopting solar energy more accessible for Incline Village homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a role in determining your pricing. Incline Village’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.20 | $13,453 | $15,307 | 11.7 years |
| 8 kW | $3.14 | $17,593 | $20,754 | 11.5 years |
| 10 kW | $3.08 | $21,560 | $26,374 | 11.2 years |
| 12 kW | $3.02 | $25,355 | $32,166 | 11.0 years |
| 14 kW | $2.96 | $28,977 | $38,130 | 10.8 years |
| 16 kW | $2.90 | $32,426 | $44,268 | 10.6 years |
| 18 kW | $2.83 | $35,703 | $50,577 | 10.3 years |
| 20 kW | $2.77 | $38,808 | $57,059 | 10.1 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 decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Incline Village, NV Solar Cost FAQs
How much does it cost to install solar panels in Incline Village?
The average cost of solar panels in Incline Village is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will having solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Incline Village is currently $1,368,404, which means you can look forward to a value of about $56,105 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Incline Village is a rewarding investment.
How long do solar panels last in Incline Village?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.