Solar Panel Cost Guide in Sun Valley, NV (2024 Update)
- Sun Valley Solar Installation Cost: $13,491
- 25-Year Savings: $15,793
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Sun Valley
Find out what the average cost of solar panel installation is in Sun Valley.
The national average cost of solar panels is $2.66 per watt, but in Sun Valley it’s 3 per watt.To cover the typical energy needs of the average home in Sun Valley, most homeowners require a 6.3-kilowatt system. Using the figure above, a solar installation costs around $13,491, or $19,292 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.Many homeowners find adopting solar power is a solid investment. The average homeowner in Sun Valley can save around $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in Sun Valley for a personalized estimate.
Solar savings over time in Sun Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,319 |
| 3 years | $-9,977 |
| 5 years | $-7,634 |
| 7 years | $-5,291 |
| 9 years | $-2,949 |
| 11 years | $-606 |
| 13 years | $1,737 |
| 15 years | $4,080 |
| 17 years | $6,422 |
| 19 years | $8,765 |
| 21 years | $11,108 |
| 23 years | $13,450 |
| 25 years | $15,793 |
Top Solar Installers in Sun Valley
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make switching to solar power much easier. The expertise that solar installers provide can be invaluable as well, particularly if you don’t quite know what type of solar equipment you need.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Sun Valley
Factors that Affect Solar Panel Costs in Sun Valley
For many Sun Valley homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Sun Valley, 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
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,080 per kilowatt in Sun Valley.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Sun Valley, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Sun Valley, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have 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 | $3.20 | $13,453 | $15,307 | 11.7 years |
| 8 kW | $3.14 | $17,593 | $20,754 | 11.5 years |
| 10 kW | $3.08 | $21,560 | $26,374 | 11.2 years |
| 12 kW | $3.02 | $25,355 | $32,166 | 11.0 years |
| 14 kW | $2.96 | $28,977 | $38,130 | 10.8 years |
| 16 kW | $2.90 | $32,426 | $44,268 | 10.6 years |
| 18 kW | $2.83 | $35,703 | $50,577 | 10.3 years |
| 20 kW | $2.77 | $38,808 | $57,059 | 10.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Warranty: If you care about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The model of solar panel you need plays a part in which installer you should opt for, since different companies have different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Sun Valley, NV Solar Cost FAQs
How much does it cost to install solar panels in Sun Valley?
The average cost of solar panels in Sun Valley is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the real cost will depend on things 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 appealing choice, as it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Sun Valley?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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.