Solar Panel Cost Guide in Las Vegas, NV (2023 Update)
- Las Vegas Solar Installation Cost: $10,196
- 25-Year Savings: $25,275
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Las Vegas
Find out what the average cost of installing solar panels is in Las Vegas.
The national average cost of solar panels is $2.66 per watt, but in Las Vegas it's 2.52 per watt. The average solar panel system size in Las Vegas 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.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average Las Vegas homeowners see about $23,000 in savings on energy bills over 20 years.
To receive a free quote from a highly rated solar installer in Las Vegas, you can click the button below.
Solar savings over time in Las Vegas
| Year | Return on Investment |
|---|---|
| 1 years | $-8,777 |
| 3 years | $-5,939 |
| 5 years | $-3,102 |
| 7 years | $-264 |
| 9 years | $2,573 |
| 11 years | $5,411 |
| 13 years | $8,249 |
| 15 years | $11,086 |
| 17 years | $13,924 |
| 19 years | $16,762 |
| 21 years | $19,599 |
| 23 years | $22,437 |
| 25 years | $25,275 |
Top Solar Installers in Las Vegas
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Las Vegas:
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
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Las Vegas: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,520. The kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. 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 searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Las Vegas, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer 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 Las Vegas, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which company you should choose, since different companies have different panels.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, 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
How much does it cost to install solar panels in Las Vegas?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Las Vegas?
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 bang for your buck from going solar.
Is it worth going solar in Las Vegas?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
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 how much sunlight your roof gets. You can 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 install 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.