Solar Panel Cost Guide in Paradise, NV (Mar 2023)
- Paradise Solar Installation Cost: $10,196
- 25-Year Savings: $25,296
- Payback Period: 7.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Paradise
Let's take a look at the average cost of solar panels in Paradise.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Paradise, the average cost of solar panels is 2.52 per watt. The average Paradise homeowner needs a 5.8-kilowatt system, which would cost about $10,196 with the federal tax credit, or $14,580 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find installing a solar system is a sound investment. The average homeowner in Paradise can save around $23,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Paradise
| Year | Return on Investment |
|---|---|
| 1 years | $-8,776 |
| 3 years | $-5,937 |
| 5 years | $-3,098 |
| 7 years | $-258 |
| 9 years | $2,581 |
| 11 years | $5,420 |
| 13 years | $8,260 |
| 15 years | $11,099 |
| 17 years | $13,938 |
| 19 years | $16,778 |
| 21 years | $19,617 |
| 23 years | $22,456 |
| 25 years | $25,296 |
Top Solar Installers in Paradise
Although you can install solar panels by yourself, it requires extra time and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Paradise
Factors that Affect Solar Panel Costs in Paradise
Although the average cost of a solar system in Paradise is $10,196, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Paradise, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,520 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Paradise provide solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Paradise, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $25,833 | 7.5 years |
| 8 kW | $2.57 | $14,394 | $34,727 | 7.3 years |
| 10 kW | $2.52 | $17,640 | $43,761 | 7.2 years |
| 12 kW | $2.47 | $20,745 | $52,937 | 7.0 years |
| 14 kW | $2.42 | $23,708 | $62,254 | 6.9 years |
| 16 kW | $2.37 | $26,531 | $71,711 | 6.8 years |
| 18 kW | $2.32 | $29,212 | $81,310 | 6.6 years |
| 20 kW | $2.27 | $31,752 | $91,051 | 6.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: The type of solar panel you need plays a role in which installer you should choose, 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 (coming 2022)
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 Paradise, NV Solar Cost FAQs
How much does it cost to install solar panels in Paradise?
The average cost of solar panels in Paradise is about $12,600 for a 5-kW system and $25,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Paradise?
Solar panels aren't free in Paradise, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Paradise have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 home 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.