Solar Panel Cost Guide in Reno, NV (Mar 2023)
- Reno Solar Installation Cost: $11,043
- 25-Year Savings: $22,499
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Reno
See how much it might cost to switch to solar power in Reno.
The average cost of a solar panel system in Reno is 2.52 per watt. Using this figure, a typical 6.3-kW system would cost about $11,043 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Reno homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $20,000 on energy bills over 20 years, many homeowners in Reno find installing solar panels has a decent ROI.
To receive a free quote from a highly rated solar company in Reno, you can click the button below.
Solar savings over time in Reno
| Year | Return on Investment |
|---|---|
| 1 years | $-9,701 |
| 3 years | $-7,018 |
| 5 years | $-4,334 |
| 7 years | $-1,651 |
| 9 years | $1,032 |
| 11 years | $3,716 |
| 13 years | $6,399 |
| 15 years | $9,082 |
| 17 years | $11,765 |
| 19 years | $14,449 |
| 21 years | $17,132 |
| 23 years | $19,815 |
| 25 years | $22,499 |
Top Solar Installers in Reno
Although you can install solar panels by yourself, it involves extra effort and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, if you aren't sure what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Reno
Factors that Affect Solar Panel Costs in Reno
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can increase or decrease 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Reno offer solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Reno, and each can charge different amounts for labor and equipment. Additionally, some companies in Reno are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $21,155 | 8.6 years |
| 8 kW | $2.57 | $14,394 | $28,488 | 8.4 years |
| 10 kW | $2.52 | $17,640 | $35,963 | 8.2 years |
| 12 kW | $2.47 | $20,745 | $43,579 | 8.1 years |
| 14 kW | $2.42 | $23,708 | $51,336 | 7.9 years |
| 16 kW | $2.37 | $26,531 | $59,234 | 7.7 years |
| 18 kW | $2.32 | $29,212 | $67,274 | 7.6 years |
| 20 kW | $2.27 | $31,752 | $75,454 | 7.4 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the types 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:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you're worried about the endurance of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Reno, NV Solar Cost FAQs
What is the average cost of installing solar panels in Reno?
This is a tough question to answer exactly, 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
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 $1,072.06 per year.
How long do solar panels last in Reno?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.