Solar Panel Cost Guide in Spring Valley, NV (Oct 2022)

  • Spring Valley Solar Installation Cost: $10,196
  • 25-Year Savings: $25,296
  • Payback Period: 7.2 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 Spring Valley

Find out what the average cost of installing solar panels is in Spring Valley.

Although the national average of solar panels is $2.66 per watt, solar panels in Spring Valley generally cost about $3. Using this figure, a typical 5.8 would cost about $10,196 before the 30% federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Spring Valley 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. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $23,000 over 20 years on power bills.

You can click the button below to get connected with a top solar installer in Spring Valley that can help you get a more accurate cost estimate for your home.

Solar savings over time in Spring Valley

Year Return on Investment
1 years $-8,776
3 years $-5,937
5 years $-3,098
7 years $-258
9 years $2,581
11 years $5,420
13 years $8,260
15 years $11,099
17 years $13,938
19 years $16,778
21 years $19,617
23 years $22,456
25 years $25,296

Top Solar Installers in Spring Valley

Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make converting to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.

If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our recommendations for providers near you:

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 Spring Valley

Factors that Affect Solar Panel Costs in Spring Valley

The cost of installing a solar system in Spring Valley can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment Size

When it comes to estimating the price of a solar system in Spring Valley, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,520 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Spring Valley, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Spring Valley homeowners opt to finance their solar panel systems to make going solar more affordable. Even though solar loans make adopting solar energy more accessible for Spring Valley homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Finally, the company you choose to install your solar panels can play a part in determining your pricing. Spring Valley's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 $2.62 $11,007 $25,833 7.5 years
8 kW $2.57 $14,394 $34,727 7.3 years
10 kW $2.52 $17,640 $43,761 7.2 years
12 kW $2.47 $20,745 $52,937 7.0 years
14 kW $2.42 $23,708 $62,254 6.9 years
16 kW $2.37 $26,531 $71,711 6.8 years
18 kW $2.32 $29,212 $81,310 6.6 years
20 kW $2.27 $31,752 $91,051 6.5 years

Solar Incentives in Spring Valley

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 - 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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:

  • 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 part breaks or malfunctions and if there are any guarantees about energy production.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
  • Installation Process: When making the switch to solar energy, it's important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
  • Solar Panel Brands: The brand of solar panel you'd like plays a part in which installer you should choose, since different companies provide different panels.

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 Spring Valley, NV Solar Cost FAQs

What is the average cost of installing solar panels in Spring Valley?

This is a tough question to answer precisely, 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Spring Valley?

Solar panels aren't free in Spring Valley, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Can solar panels significantly reduce my electricity bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,228.03 per year.

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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.

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