Solar Panel Cost In 2023 (Homeowner’s Installation Savings Guide)
By Karsten Neumeister /
With its massive amounts of sunshine and attractive solar equipment costs, Nevada is one of the best states in the country to buy solar panels.
This article discusses the 7 steps in converting to solar in Nevada.
On average, the state of Nevada receives a staggering 252 sunny days every year, far above the national average of 205.1 Additionally, the average cost of a solar power system in Nevada comes down to about $2.52 per watt (W), which is also much better than the national average of $2.66/W.
If that isn’t convincing enough, Nevada solar incentives and rebates — as well as government policies — make the process of getting solar panels easier and more profitable. Moreover, Nevadans use significant amounts of energy, and more energy consumption means higher savings from solar.
Together, all the above factors mean that going solar is worth it for Nevada residents. If you live in the Silver State and are thinking of going solar, here is a quick list of the steps involved in the process. We will dive into each step in more detail further.
All the key factors point to the fact that solar power brings incredible benefits to Nevadans. And yet, owing to its significant initial cost and long life, it is essential to consider a few things before making the decision of purchasing solar panels.
For almost every resident in Nevada, buying solar panels is totally worth it. But in certain rare cases, solar power may not be a great fit. For example, it is important to check if you have enough space on your roof or can accommodate the best roof orientation for solar panels.
You may also want to check the available solar incentives and policies in Nevada to find out if you can save additional money when going solar. For instance, Nevada has a slightly complex net metering policy, which is an incentive program that grants energy credits based on your solar generation and your tier of participation in the program.
Some buyers also research other, general aspects of solar power, such as whether it works on cloudy days or at night.
Here is a table that compares Nevada’s solar stats with that of the national averages:
|Nevada Average||U.S. Average|
|Cost of Solar||$2.52/W||$2.66/W|
|Average System Size||10 kW||9 kW|
|Average System Cost||$25,200||$23,940|
|Average System Cost After Federal Solar Tax Credit (ITC)||$17,640||$16,758|
|Solar Payback Period||10 years||8 years|
Solar power brings tremendous savings to everyone, but it requires a somewhat hefty upfront investment. Like any other big purchase costing tens of thousands, it often feels wise to get a loan for solar panels, especially if you do not have a substantial amount of savings stored away.
Here are a few commonly asked questions related to solar pricing and financing, and their answers.
A typical solar energy system in Nevada will cost an average of $25,200. This drops further down when your federal solar investment tax credit kicks in (about $8,000 on average), cutting down your payback period to around 10 years. You can use our solar calculator to find out the sizing and approximate pricing of your system.
Despite the pros and cons of solar power, it can bring massive savings over its lifetime. Specifically for Nevadans, these can be up to an impressive $35,000 or more.
You’ll have access to four different payment options for solar, which we’ll explain briefly below:
In the case of Nevada, there aren’t any government-backed financing options such as low-interest soft loans. Buyers of solar panels will need to work with independent lending agencies to borrow a loan. However, the state does offer the Commercial Property Assessed Clean Energy (C-PACE) financing program, which offers easy solar loans to businesses and multi-family residences.
Unfortunately, Nevada does not have a long list of state-mandated solar incentives, especially not compared to its solar-friendly neighbor California. However, solar panel buyers can still benefit largely from the following available national and state solar incentives in Nevada:
Once you have made the decision to convert to solar, the next step is to look for a solar installer that is a good fit for your needs.
With over a hundred solar installers serving the state, the Solar Energy Industries Association (SEIA) ranks Nevada as the sixth best state for solar power.2 This means Nevadans have a lot of choice when it comes to solar companies.
Once you have noted the best solar companies in Nevada, choosing the correct one comes down to a few factors — including location, size, personalized services, etc. Some companies may offer a lower installation cost, others a better warranty, and some may let you choose the equipment brands.
The next step after listing down your preferred installers is to request a quote from them. Getting multiple quotes is a great way to compare different installers on various parameters, such as warranties, timelines, and any other additional perks. You may even convince an installer to price-match another installer’s price.
Before quoting, the installers will request a few details from you, including your energy bills, home address, space, etc. This stage also provides a good chance to ask any questions you may have about going solar, such as the type of equipment offered or the warranties.
Once the installer has assessed your energy bills and other details, they will prepare a solar proposal for you. This will include information such as the cost of your system, expected savings, and the best solar panel brands they recommend.
You can also explore financing options at this stage. Start by asking your installer if they work with a financing agency, or recommend one.
Before you finalize your purchase, decide if you want to add accessories to your system. Here’s a quick breakdown of some of the most popular solar add-on products:
Bundling these solar add-ons may even get you discounted pricing. With the passing of the Inflation Reduction Act (IRA), you could also benefit from tax breaks on EVs. Calculate how much you save with our IRA solar calculator.
Once you receive proposals from all the shortlisted installers, it is time to decide which company you want to proceed with. Make sure to read and understand the purchase agreement completely.
Below are a few things you might want to focus on.
Like all other states in the U.S., installation companies in Nevada offer three different types of warranties:
Installing a residential solar project involves a lot more than just the installation of equipment. With the permitting process, inspections, and other steps, the entire process may take anywhere between one and four months.
The types of solar permits required can vary depending on your local jurisdiction and/or utility company. The Nevada Public Utilities Commission has published a glossary of potential permits required for solar and other projects.3
While all the listed permits will not be required for all locations, some of them may be applicable. Most cities also publish their permit requirements online, including the city of Las Vegas.4
Thankfully, you do not need to worry about the permitting process, since your installer will handle it entirely. Your solar provider will be fully aware of permit requirements — having fulfilled them several times — and permit fees should be included in your proposed solar cost.
Interconnection with the grid basically means “plugging your system into” the grid. Unless you are going off-grid with solar, it makes sense to connect your system to the grid. Grid interconnection makes your system eligible for net metering, allowing you to get credits for excess energy supplied into the grid. While you won’t be credited at the retail rate, it still provides solar savings.
A typical solar installation in Nevada can take anywhere between one to five days. A common question many homeowners ask is “Do I need to be home for solar panel installation?”
Although not every stage of the physical installation requires you to be home, it is generally advisable to be present from the start of the installation to the end of it. This will help you understand how your system is built and how it works.
Your system’s final inspection will usually be scheduled on a separate day. It will last for an hour or two, and your installer will communicate the date with you.
Your solar power system will be inspected by the city office and/or the utility company serving your area. The inspections will ensure that your system is installed safely and adheres to all required norms in the area.
However, different cities and different utility companies may have slightly different criteria for inspection.
Once your inspection(s) are completed, your utility company will give you Permission to Operate (PTO) your system. Once you receive the PTO, you can switch your system on.
However, it is important to let your installer guide you on how to turn the system on, along with how to monitor it remotely using an app or website. You can ask the installer if and how everything in your house is connected to the system.
In the event of an emergency related to the system, you can call your installer, your utility company, or 911.
Once your system is switched on, it will start powering your appliances instantly. At this stage, you can sit back, relax and get ready to enjoy the savings in your electricity bills.
Over the lifetime of your system, you will not only save tens of thousands of dollars but also help offset a significant amount of carbon emissions. You’ll also enjoy other benefits, like solar panels increasing the value of your property.
In 2009, regulations in Nevada were updated to prohibit HOAs from enforcing any law that prohibits or unreasonably restricts a residential property owner from using a system to obtain solar energy, including solar paneling.
Nevada is one of the best states in the U.S. for solar energy. The reasons for this are an abundance of sunshine, reasonable pricing, and an overall solar-friendly set of policies.
Like anywhere in the world, solar panels last remarkably long in Nevada. Most manufacturers promise a performance of 25 or 30 years on their panels, but solar panels can operate for significantly longer than that.
Comparing authorized solar partners
Having trouble deciding? Click below and use our process to receive multiple quotes instead: