Solar Panel Cost Guide in Silver Springs, NV (2025 Update)
- Silver Springs Solar Installation Cost: $13,137
- 25-Year Savings: $19,246
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Silver Springs
Find out what the average cost of installing solar panels is in Silver Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Silver Springs, the average cost of a solar system is 3 per watt.Using this figure, a typical 6.1-kW system would cost about $13,137 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Silver Springs depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Silver Springs see about $19,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar installation company in Silver Springs, you can click the button below.
Solar savings over time in Silver Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,965 |
| 3 years | $-9,622 |
| 5 years | $-7,280 |
| 7 years | $-4,937 |
| 9 years | $-2,594 |
| 11 years | $-252 |
| 13 years | $2,091 |
| 15 years | $4,434 |
| 17 years | $6,776 |
| 19 years | $9,119 |
| 21 years | $11,462 |
| 23 years | $13,805 |
| 25 years | $16,147 |
Top Solar Installers in Silver Springs
Many homeowners choose to use a solar installation company since trying to install solar panels on your own can be a lot of work. The payback period on a solar system will vary depending on factors like your location and energy needs, but going with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Silver Springs
Factors that Affect Solar Panel Costs in Silver Springs
For many Silver Springs homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Silver Springs, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,080.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Silver Springs average.
Solar Financing Terms
Most solar installers in Silver Springs provide solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect the cost. Silver Springs’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 | $3.20 | $13,453 | $16,082 | 11.4 years |
| 8 kW | $3.14 | $17,593 | $21,788 | 11.2 years |
| 10 kW | $3.08 | $21,560 | $27,666 | 10.9 years |
| 12 kW | $3.02 | $25,355 | $33,716 | 10.7 years |
| 14 kW | $2.96 | $28,977 | $39,940 | 10.5 years |
| 16 kW | $2.90 | $32,426 | $46,335 | 10.3 years |
| 18 kW | $2.83 | $35,703 | $52,903 | 10.1 years |
| 20 kW | $2.77 | $38,808 | $59,644 | 9.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Silver Springs, NV Solar Cost FAQs
How much does it cost to install solar panels in Silver Springs?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $15,400 for a 5-kW system and $30,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with 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 bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Silver Springs?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
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 higher 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.