Solar Panel Cost Guide in Summerlin South, NV (2023 Update)
- Summerlin South Solar Installation Cost: $10,196
- 25-Year Savings: $25,203
- Payback Period: 7.2 Years
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Updated September 15, 2023
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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 average cost of solar panels in Summerlin South is 2.52 per watt. Because a 5.8-kW system is needed to cover the energy needs of a typical home in Summerlin South, the average price of going solar will be about $10,196 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Summerlin South 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. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Summerlin South can save about $23,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Summerlin South for a quote for your home.
Solar savings over time in Summerlin South
| Year | Return on Investment |
|---|---|
| 1 years | $-8,859 |
| 3 years | $-6,184 |
| 5 years | $-3,509 |
| 7 years | $-834 |
| 9 years | $1,841 |
| 11 years | $4,516 |
| 13 years | $7,191 |
| 15 years | $9,865 |
| 17 years | $12,540 |
| 19 years | $15,215 |
| 21 years | $17,890 |
| 23 years | $20,565 |
| 25 years | $23,240 |
Top Solar Installers in Summerlin South
Trying to put up solar panels yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
If you'd like to go solar but still aren't certain which solar company to go with, here are our suggestions for providers near you:
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 comes down to 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 considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Summerlin South homeowners choose to finance their solar panel systems to make paying for solar more affordable. While solar loans make going solar more accessible for Summerlin South homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Summerlin South, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $25,737 | 7.5 years |
| 8 kW | $2.57 | $14,394 | $34,598 | 7.3 years |
| 10 kW | $2.52 | $17,640 | $43,601 | 7.2 years |
| 12 kW | $2.47 | $20,745 | $52,744 | 7.1 years |
| 14 kW | $2.42 | $23,708 | $62,029 | 6.9 years |
| 16 kW | $2.37 | $26,531 | $71,455 | 6.8 years |
| 18 kW | $2.32 | $29,212 | $81,022 | 6.6 years |
| 20 kW | $2.27 | $31,752 | $90,730 | 6.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
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 many factors. Generally speaking, it costs about $12,600 for a 5-kW system and $25,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Summerlin South have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Summerlin South?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.