Solar Panel Cost Guide in Sunrise Manor, NV (Mar 2023)
- Sunrise Manor Solar Installation Cost: $10,196
- 25-Year Savings: $24,770
- Payback Period: 7.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sunrise Manor
We break down average solar pricing in Sunrise Manor.
The average cost of a solar panel system in Sunrise Manor is 2.52 per watt. To cover the typical energy usage of the average home in Sunrise Manor, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,196, or $14,580 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. Many homeowners find going solar is a sound investment. The average homeowner in Sunrise Manor can save about $23,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Sunrise Manor that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sunrise Manor
| Year | Return on Investment |
|---|---|
| 1 years | $-8,797 |
| 3 years | $-6,000 |
| 5 years | $-3,203 |
| 7 years | $-406 |
| 9 years | $2,392 |
| 11 years | $5,189 |
| 13 years | $7,986 |
| 15 years | $10,783 |
| 17 years | $13,581 |
| 19 years | $16,378 |
| 21 years | $19,175 |
| 23 years | $21,972 |
| 25 years | $24,770 |
Top Solar Installers in Sunrise Manor
When switching to solar energy, many homeowners opt to go with a solar company since overseeing your solar installation yourself can be a difficult project. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
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 Sunrise Manor
Factors that Affect Solar Panel Costs in Sunrise Manor
For many Sunrise Manor homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Sunrise Manor, 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 power your household uses, the larger your system will likely need to be. You can expect to spend about $2,520 per kilowatt in Sunrise Manor. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Sunrise Manor average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Sunrise Manor homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can play a role in determining how much you pay. Sunrise Manor's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $25,287 | 7.6 years |
| 8 kW | $2.57 | $14,394 | $33,998 | 7.4 years |
| 10 kW | $2.52 | $17,640 | $42,850 | 7.3 years |
| 12 kW | $2.47 | $20,745 | $51,844 | 7.1 years |
| 14 kW | $2.42 | $23,708 | $60,979 | 7.0 years |
| 16 kW | $2.37 | $26,531 | $70,254 | 6.9 years |
| 18 kW | $2.32 | $29,212 | $79,671 | 6.7 years |
| 20 kW | $2.27 | $31,752 | $89,229 | 6.6 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects 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:
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which installer you should go with, since different companies provide different panels.
- Installation Process: When making the switch to solar energy, it's essential to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
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 Sunrise Manor, NV Solar Cost FAQs
What is the average cost of installing solar panels in Sunrise Manor?
The average cost of solar panels in Sunrise Manor 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Sunrise Manor?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Sunrise Manor, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.