Solar Panel Cost Guide in Sun Valley, NV (2023 Update)
- Sun Valley Solar Installation Cost: $11,043
- 25-Year Savings: $18,951
- Payback Period: 9.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Sun Valley
See how much it might cost to go solar in Sun Valley.
The national average cost of solar panels is $2.66 per watt, but in Sun Valley it's 2.52 per watt. Since a 6.3-kW system is needed to cover the energy costs of a typical home in Sun Valley, the average price of going solar will be about $11,043 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 Sun Valley homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Sun Valley can save about $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Sun Valley for a quote for your home.
Solar savings over time in Sun Valley
| 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 Sun Valley
When going solar, many homeowners choose to go with a solar installer since installing a solar system yourself can be a challenging project. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a licensed 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
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 Sun Valley
Factors that Affect Solar Panel Costs in Sun Valley
The cost of installing a solar system in Sun Valley can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,520 per kilowatt in Sun Valley. The type of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Sun Valley homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Sun Valley, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Sun Valley, NV Solar Cost FAQs
What is the average cost of installing solar panels in Sun Valley?
The average cost of solar panels in Sun Valley is about $12,600 for a 5-kW system and $25,200 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Sun Valley?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sun Valley is currently $169,600, so you can look forward to a value of about $6,954 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sun Valley is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out 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 home 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.