Solar Panel Cost Guide in Summerlin South, NV (2024 Update)
- Summerlin South Solar Installation Cost: $12,462
- 25-Year Savings: $25,203
- Payback Period: 8.8 Years
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Average Cost of Solar Panels in Summerlin South
Let’s have a look at the average cost of solar in Summerlin South.
The national average cost of solar panels is $2.66 per watt, but in Summerlin South it’s 3 per watt.Using this figure, a typical 5.8-kW system would cost about $12,462 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Summerlin South depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.With average savings of about $23,000 on utility bills over 20 years, many homeowners in Summerlin South find investing in solar can pay off big.
You can click the button below to get connected with a top solar company in Summerlin South for a quote for your home.
Solar savings over time in Summerlin South
| Year | Return on Investment |
|---|---|
| 1 years | $-11,125 |
| 3 years | $-8,450 |
| 5 years | $-5,775 |
| 7 years | $-3,100 |
| 9 years | $-425 |
| 11 years | $2,250 |
| 13 years | $4,925 |
| 15 years | $7,600 |
| 17 years | $10,275 |
| 19 years | $12,949 |
| 21 years | $15,624 |
| 23 years | $18,299 |
| 25 years | $20,974 |
Top Solar Installers in Summerlin South
Although it's possible to install solar panels on your own, it takes extra energy and expertise. For that reason, most homeowners choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Summerlin South
Factors that Affect Solar Panel Costs in Summerlin South
For many Summerlin South homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Summerlin South, with typical prices between $20,000 to $40,000. There are a few factors that significantly 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 Summerlin South, 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 overall cost can increase by around $3,080 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 Summerlin South, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. 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 Summerlin South homeowners opt to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Summerlin South, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Summerlin South have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $23,291 | 9.2 years |
| 8 kW | $3.14 | $17,593 | $31,400 | 9.0 years |
| 10 kW | $3.08 | $21,560 | $39,681 | 8.8 years |
| 12 kW | $3.02 | $25,355 | $48,134 | 8.6 years |
| 14 kW | $2.96 | $28,977 | $56,760 | 8.4 years |
| 16 kW | $2.90 | $32,426 | $65,559 | 8.3 years |
| 18 kW | $2.83 | $35,703 | $74,530 | 8.1 years |
| 20 kW | $2.77 | $38,808 | $83,674 | 7.9 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Summerlin South, NV Solar Cost FAQs
How much does it cost to install solar panels in Summerlin South?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Summerlin South?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Summerlin South?
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.