Solar Panel Cost Guide in Indian Hills, NV (2023 Update)
- Indian Hills Solar Installation Cost: $10,711
- 25-Year Savings: $19,283
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Indian Hills
We break down average solar pricing in Indian Hills.
The average cost of solar panels in Indian Hills is 2.52 per watt. Since a 6.1-kW system is needed to cover the energy usage of a typical home in Indian Hills, the average price of going solar will be about $10,707 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar panels you want to get, your solar contractor and more. Despite the significant upfront cost, the average Indian Hills homeowner can save about $19,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Indian Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Indian Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-10,611 |
| 3 years | $-10,411 |
| 5 years | $-10,211 |
| 7 years | $-10,011 |
| 9 years | $-9,811 |
| 11 years | $-9,611 |
| 13 years | $-9,411 |
| 15 years | $-9,211 |
| 17 years | $-9,011 |
| 19 years | $-8,811 |
| 21 years | $-8,611 |
| 23 years | $-8,411 |
| 25 years | $-8,211 |
Top Solar Installers in Indian Hills
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be challenging. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Indian Hills
Factors that Affect Solar Panel Costs in Indian Hills
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,520 per kilowatt in Indian Hills. 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 often have a higher price tag 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Indian Hills, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Indian Hills, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $18,631 | 9.3 years |
| 8 kW | $2.57 | $14,394 | $25,123 | 9.1 years |
| 10 kW | $2.52 | $17,640 | $31,756 | 8.9 years |
| 12 kW | $2.47 | $20,745 | $38,531 | 8.7 years |
| 14 kW | $2.42 | $23,708 | $45,447 | 8.6 years |
| 16 kW | $2.37 | $26,531 | $52,504 | 8.4 years |
| 18 kW | $2.32 | $29,212 | $59,702 | 8.2 years |
| 20 kW | $2.27 | $31,752 | $67,041 | 8.0 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Warranty: If you're concerned about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
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 Indian Hills, NV Solar Cost FAQs
What is the average cost of installing solar panels in Indian Hills?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,600 for a 5-kW system and $25,200 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Indian Hills?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $987.93 per year.
How often do you have to replace solar panels?
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 higher amount 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.