Solar Panel Cost Guide in Spanish Springs, NV (Oct 2022)

  • Spanish Springs Solar Installation Cost: $11,043
  • 25-Year Savings: $20,568
  • Payback Period: 8.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Spanish Springs

We break down average solar pricing in Spanish Springs.

The average cost of a solar panel system in Spanish Springs is $3 per watt. Because a 6.3-kW system is needed to cover the energy usage of a typical home in Spanish Springs, the average price of going solar will be about $11,043 before claiming the federal solar tax credit of 30%.

Bear in mind that the figures above are only estimates based on the average Spanish Springs homeowner. 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. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on electricity bills.

To receive a free quote from a top solar installer in Spanish Springs, you can click the button below.

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

Although you can install solar panels by yourself, it takes extra effort and handiness. That's why most homeowners choose a solar panel installer. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.

If you're on the hunt for a solar installer in Spanish Springs, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Spanish Springs: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment Size

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size. Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,520. The kind of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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 for a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Spanish Springs homeowners opt to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Spanish Springs, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their larger 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

Solar Incentives in Spanish Springs

Name Southwest Gas Corporation - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Southwest Gas Corporation - Smarter Greener Better Solar Water Heating Program
Website Visit here
More Info Click here

Name NV Energy - Solar Thermal Heating Program
Website Visit here
More Info Click here

Name NV Energy - Clean Energy Incentive Program
Website Visit here
More Info Click here

Name Portfolio Energy Credits
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which installer you should opt for, since different companies offer different panels.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Contract: Read the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

What is the average cost of installing 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 such as the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Spanish Springs?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

How will installing solar panels impact my property value?

Solar panels 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, so you could be looking at a value of about $15,027 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Spanish Springs is a rewarding investment.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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.

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