Solar Panel Cost Guide in Whitney, NV (2023 Update)
- Whitney Solar Installation Cost: $10,196
- 25-Year Savings: $25,295
- Payback Period: 7.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Whitney
Let's have a look at the average cost of solar in Whitney.
Although the national average of solar panels is $2.66 per watt, solar panels in Whitney typically cost about 2.52. Using this figure, a typical 5.8-kW system would cost about $10,196 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Whitney depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. Despite the significant initial cost, the average Whitney homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar installer in your area for a personalized quote.
Solar savings over time in Whitney
| 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 Whitney
Although it's possible to install solar panels on your own, it requires extra effort and know-how. That's why most people choose to go with a solar panel installer. The expertise that solar companies offer can be invaluable as well, particularly if you aren't sure what brand of solar equipment you need.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Whitney:
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 Whitney
Factors that Affect Solar Panel Costs in Whitney
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Whitney: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,520. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Whitney offer solar loans, which reduce your upfront costs of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect your pricing. Whitney's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Whitney are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $25,833 | 7.5 years |
| 8 kW | $2.57 | $14,394 | $34,727 | 7.3 years |
| 10 kW | $2.52 | $17,640 | $43,761 | 7.2 years |
| 12 kW | $2.47 | $20,745 | $52,937 | 7.0 years |
| 14 kW | $2.42 | $23,708 | $62,254 | 6.9 years |
| 16 kW | $2.37 | $26,531 | $71,711 | 6.8 years |
| 18 kW | $2.32 | $29,212 | $81,310 | 6.6 years |
| 20 kW | $2.27 | $31,752 | $91,051 | 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 difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The brand of solar panel you need plays a role in which installer you should go with, since different companies have access to different panels.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
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 Whitney, NV Solar Cost FAQs
How much does it cost to install solar panels in Whitney?
This is a difficult question to answer precisely, 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Whitney?
You can't get solar panels for free in Whitney. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Whitney, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.