Solar Panel Cost Guide in Sparks, NV (Oct 2022)
- Sparks Solar Installation Cost: $11,043
- 25-Year Savings: $18,951
- Payback Period: 9.2 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Sparks
We break down average solar pricing in Sparks.
The national average cost of solar panels is $2.66 per watt, but in Sparks it's $3 per watt. Using this figure, a typical 6.3 would cost about $11,043 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Sparks can save about $18,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar installer in Sparks, you can click the button below.
Solar savings over time in Sparks
| Year | Return on Investment |
|---|---|
| 1 years | $-9,843 |
| 3 years | $-7,443 |
| 5 years | $-5,044 |
| 7 years | $-2,644 |
| 9 years | $-245 |
| 11 years | $2,154 |
| 13 years | $4,554 |
| 15 years | $6,953 |
| 17 years | $9,353 |
| 19 years | $11,752 |
| 21 years | $14,152 |
| 23 years | $16,551 |
| 25 years | $18,951 |
Top Solar Installers in Sparks
Although it's possible to install solar panels yourself, it requires extra energy and knowledge. That's one of the reasons most people choose to hire a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor as well, which can save you more money after your upfront investment.
Working with a vetted solar company can help you make the most of your investment in solar. 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 Sparks
Factors that Affect Solar Panel Costs in Sparks
Even though the average cost of solar panels in Sparks is $11,043, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment Size
Size is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Sparks, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that provides the products, warranties and services you want and also fit into your budget.
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 | $17,753 | 9.6 years |
| 8 kW | $2.57 | $14,394 | $23,953 | 9.4 years |
| 10 kW | $2.52 | $17,640 | $30,294 | 9.2 years |
| 12 kW | $2.47 | $20,745 | $36,776 | 9.0 years |
| 14 kW | $2.42 | $23,708 | $43,399 | 8.8 years |
| 16 kW | $2.37 | $26,531 | $50,163 | 8.6 years |
| 18 kW | $2.32 | $29,212 | $57,069 | 8.5 years |
| 20 kW | $2.27 | $31,752 | $64,115 | 8.3 years |
Solar Incentives in Sparks
| 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 difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not 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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
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 Sparks, NV Solar Cost FAQs
How much does it cost to install solar panels in Sparks?
This is a tough question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Sparks?
You can't get solar panels for free in Sparks. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.
