Solar Panel Cost Guide in Whitney, NV (Mar 2023)
- Whitney Solar Installation Cost: $10,196
- 25-Year Savings: $25,296
- Payback Period: 7.2 Years
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Updated March 14, 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. To cover the typical energy needs of the average home in Whitney, 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.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Whitney can save about $23,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Whitney, you can click the button below.
Solar savings over time in Whitney
| Year | Return on Investment |
|---|---|
| 1 years | $-8,776 |
| 3 years | $-5,937 |
| 5 years | $-3,098 |
| 7 years | $-258 |
| 9 years | $2,581 |
| 11 years | $5,420 |
| 13 years | $8,260 |
| 15 years | $11,099 |
| 17 years | $13,938 |
| 19 years | $16,778 |
| 21 years | $19,617 |
| 23 years | $22,456 |
| 25 years | $25,296 |
Top Solar Installers in Whitney
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using an installer can make switching to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
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 Whitney
Factors that Affect Solar Panel Costs in Whitney
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Whitney: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss 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 most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,520. The type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, 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 researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid choice because they cut back 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 increases your all-in costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Whitney, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 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 | $25,833 | 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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: If you're worried about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Read the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should opt for, since different companies have different panels.
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 Whitney, NV Solar Cost FAQs
What is the average cost of installing solar panels in Whitney?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Whitney?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
Can you sell solar power back to the grid in Whitney?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Whitney?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.