Solar Panel Cost Guide in Winchester, NV (2023 Update)
- Winchester Solar Installation Cost: $10,196
- 25-Year Savings: $25,296
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Winchester
See how much it might cost to install solar panels in Winchester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Winchester, the average cost of solar panels is 2.52 per watt. Using this figure, a typical 5.8-kW system would cost about $10,196 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may look different based on your energy needs and what company you choose to go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $23,000 in savings on electricity bills over 20 years.
To get a free quote from a highly rated solar installer in Winchester, you can click the button below.
Solar savings over time in Winchester
| 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 Winchester
Many homeowners opt for a solar installer since installing solar panels by yourself can be a labor-intensive endeavor. Another perk of utilizing a solar company is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar company in Winchester, the EcoWatch team has organized a list of our top suggestions here:
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 Winchester
Factors that Affect Solar Panel Costs in Winchester
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Winchester: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,520. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Winchester, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Winchester to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. Although solar loans make going solar more accessible for Winchester homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Winchester, and each can charge different amounts for labor and equipment. Additionally, some companies in Winchester know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Winchester, NV Solar Cost FAQs
How much does it cost to install solar panels in Winchester?
The average cost of solar panels in Winchester 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Winchester?
You can't get solar panels for free in Winchester. 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.
Do solar panels increase the value of your home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.