Solar Panel Cost Guide in Spanish Springs, NV (Mar 2023)
- Spanish Springs Solar Installation Cost: $11,043
- 25-Year Savings: $20,568
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Spanish Springs
We break down average solar pricing in Spanish Springs.
The national average cost of solar panels is $2.66 per watt, but in Spanish Springs it's 2.52 per watt. The average solar panel system size in Spanish Springs is around 6.3 kilowatts, meaning a cost of about $11,043 for a solar installation, or $15,791 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you choose to go with. Even with the significant upfront cost, the average Spanish Springs homeowner can save around $19,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar installer in Spanish Springs for a quote for your home.
Solar savings over time in Spanish Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-9,778 |
| 3 years | $-7,249 |
| 5 years | $-4,720 |
| 7 years | $-2,192 |
| 9 years | $337 |
| 11 years | $2,866 |
| 13 years | $5,395 |
| 15 years | $7,924 |
| 17 years | $10,453 |
| 19 years | $12,982 |
| 21 years | $15,511 |
| 23 years | $18,039 |
| 25 years | $20,568 |
Top Solar Installers in Spanish Springs
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be a lot of work. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Spanish Springs
Factors that Affect Solar Panel Costs in Spanish Springs
For many Spanish Springs homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Spanish Springs, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Spanish Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,520 for each additional kilowatt you need. The brand and type of equipment you want 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Spanish Springs, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $19,304 | 9.1 years |
| 8 kW | $2.57 | $14,394 | $26,020 | 8.9 years |
| 10 kW | $2.52 | $17,640 | $32,878 | 8.7 years |
| 12 kW | $2.47 | $20,745 | $39,877 | 8.6 years |
| 14 kW | $2.42 | $23,708 | $47,018 | 8.4 years |
| 16 kW | $2.37 | $26,531 | $54,299 | 8.2 years |
| 18 kW | $2.32 | $29,212 | $61,721 | 8.0 years |
| 20 kW | $2.27 | $31,752 | $69,285 | 7.9 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project timeline.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 Spanish Springs, NV Solar Cost FAQs
How much does it cost to install solar panels in Spanish Springs?
The average cost of solar panels in Spanish Springs 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Spanish Springs is currently $366,515, which means you can look forward to a value of about $15,027 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Spanish Springs is a rewarding investment.
How long do solar panels last in Spanish Springs?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.