Solar Panel Cost Guide in Pahrump, NV (2023 Update)
- Pahrump Solar Installation Cost: $10,583
- 25-Year Savings: $24,701
- Payback Period: 7.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pahrump
We go over average solar pricing in Pahrump.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pahrump, the typical cost of a solar system is 2.52 per watt. The average Pahrump homeowner needs a 6.0-kilowatt system, which would cost about $10,584 with the federal tax credit, or $15,135 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. Despite the large initial cost, the average Pahrump homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free quote from a top solar company in Pahrump, you can click the button below.
Solar savings over time in Pahrump
| Year | Return on Investment |
|---|---|
| 1 years | $-9,073 |
| 3 years | $-6,054 |
| 5 years | $-3,036 |
| 7 years | $-17 |
| 9 years | $3,002 |
| 11 years | $6,021 |
| 13 years | $9,040 |
| 15 years | $12,058 |
| 17 years | $15,077 |
| 19 years | $18,096 |
| 21 years | $21,115 |
| 23 years | $24,134 |
| 25 years | $27,152 |
Top Solar Installers in Pahrump
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your switch to solar power much easier. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're looking for a solar company in Pahrump, the EcoWatch team has compiled a list of our top suggestions here:
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 Pahrump
Factors that Affect Solar Panel Costs in Pahrump
Though the average cost of a solar system in Pahrump is $10,584, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to think about 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Pahrump, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Pahrump 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact your pricing. Pahrump's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $2.62 | $11,007 | $24,280 | 7.8 years |
| 8 kW | $2.57 | $14,394 | $32,656 | 7.6 years |
| 10 kW | $2.52 | $17,640 | $41,173 | 7.5 years |
| 12 kW | $2.47 | $20,745 | $49,831 | 7.3 years |
| 14 kW | $2.42 | $23,708 | $58,630 | 7.2 years |
| 16 kW | $2.37 | $26,531 | $67,570 | 7.0 years |
| 18 kW | $2.32 | $29,212 | $76,651 | 6.9 years |
| 20 kW | $2.27 | $31,752 | $85,874 | 6.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The model of solar panel you'd like to install plays a part in which company you should opt for, since different companies offer different panels.
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 Pahrump, NV Solar Cost FAQs
What is the average cost of installing solar panels in Pahrump?
This is a hard question to answer precisely, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Pahrump?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.