Solar Panel Cost Guide in Las Vegas, NV (2023 Update)
- Las Vegas Solar Installation Cost: $10,196
- 25-Year Savings: $25,274
- Payback Period: 7.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Las Vegas
Let's have a look at the average cost of solar in Las Vegas.
Although the national average of solar panels is $2.66 per watt, solar panels in Las Vegas generally cost around 2.52. Since a 5.8-kW system is needed to cover the energy needs of a typical home in Las Vegas, the average price of going solar will be about $10,196 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Many homeowners find going solar is a rewarding investment. The average homeowner in Las Vegas can save about $23,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Las Vegas that can help you get a more accurate cost estimate for your home.
Solar savings over time in Las Vegas
| Year | Return on Investment |
|---|---|
| 1 years | $-10,078 |
| 3 years | $-9,842 |
| 5 years | $-9,605 |
| 7 years | $-9,369 |
| 9 years | $-9,132 |
| 11 years | $-8,896 |
| 13 years | $-8,659 |
| 15 years | $-8,423 |
| 17 years | $-8,186 |
| 19 years | $-7,950 |
| 21 years | $-7,714 |
| 23 years | $-7,477 |
| 25 years | $-7,241 |
Top Solar Installers in Las Vegas
Many homeowners decide to hire a solar installation company since trying to install solar panels by yourself can be a lot of work. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your family.
Working with a licensed solar installer can help you make the most of your investment in solar. 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 Las Vegas
Factors that Affect Solar Panel Costs in Las Vegas
For many Las Vegas homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Las Vegas, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important 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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,520 per kilowatt in Las Vegas. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Las Vegas average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Las Vegas, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Las Vegas, and each can charge varying amounts 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 | $25,811 | 7.5 years |
| 8 kW | $2.57 | $14,394 | $34,697 | 7.3 years |
| 10 kW | $2.52 | $17,640 | $43,724 | 7.2 years |
| 12 kW | $2.47 | $20,745 | $52,892 | 7.0 years |
| 14 kW | $2.42 | $23,708 | $62,202 | 6.9 years |
| 16 kW | $2.37 | $26,531 | $71,652 | 6.8 years |
| 18 kW | $2.32 | $29,212 | $81,244 | 6.6 years |
| 20 kW | $2.27 | $31,752 | $90,976 | 6.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire 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 Las Vegas, NV Solar Cost FAQs
What is the average cost of installing solar panels in Las Vegas?
The average cost of solar panels in Las Vegas is about $12,600 for a 5-kW system and $25,200 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Las Vegas?
You can't get solar panels for free in Las Vegas. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,227.28 per year.
How long do solar panels last in Las Vegas?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.