Solar Panel Cost Guide in Summerlin South, NV (Mar 2023)
- Summerlin South Solar Installation Cost: $10,196
- 25-Year Savings: $25,203
- Payback Period: 7.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Summerlin South
Let's take a look at the average cost of solar panels in Summerlin South.
The average cost of solar panels in Summerlin South is 2.52 per watt. To cover the typical energy usage of the average home in Summerlin South, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs about $10,196, or $14,580 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will differ based on factors unique to your home and what company you want to go with. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Summerlin South see about $23,000 in savings on utility bills over 20 years.
To get a free estimate from a highly rated solar installation company in Summerlin South, you can click the button below.
Solar savings over time in Summerlin South
| Year | Return on Investment |
|---|---|
| 1 years | $-8,780 |
| 3 years | $-5,948 |
| 5 years | $-3,116 |
| 7 years | $-284 |
| 9 years | $2,548 |
| 11 years | $5,380 |
| 13 years | $8,212 |
| 15 years | $11,043 |
| 17 years | $13,875 |
| 19 years | $16,707 |
| 21 years | $19,539 |
| 23 years | $22,371 |
| 25 years | $25,203 |
Top Solar Installers in Summerlin South
When making the switch to solar, many homeowners decide to go with a solar installer since handling can be a difficult project. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your home.
Working with a professional solar installer can help your solar project go smoothly. 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 Summerlin South
Factors that Affect Solar Panel Costs in Summerlin South
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Summerlin South: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately ascertain 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 choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Summerlin South to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. Though solar loans make going solar more accessible for Summerlin South homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence how much it costs. Summerlin South's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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
Since the type of solar panels and the installer you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you want to get plays a role in which installer you should go with, since different companies have different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 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.