Solar Panel Cost Guide in Nevada, MO (2024 Update)
- Nevada Solar Installation Cost: $16,635
- 25-Year Savings: $23,083
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Nevada
Here’s how much it might cost to go solar in Nevada.
While the national average of solar panels is $2.66 per watt, solar panels in Nevada generally cost about 3.Using this figure, a typical 7.1-kW system would cost about $16,635 before the 0 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 specific situation and what company you choose to go with.Despite the significant upfront cost, the average Nevada homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Nevada that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nevada
| Year | Return on Investment |
|---|---|
| 1 years | $-15,227 |
| 3 years | $-12,411 |
| 5 years | $-9,595 |
| 7 years | $-6,779 |
| 9 years | $-3,963 |
| 11 years | $-1,147 |
| 13 years | $1,669 |
| 15 years | $4,485 |
| 17 years | $7,301 |
| 19 years | $10,117 |
| 21 years | $12,933 |
| 23 years | $15,749 |
| 25 years | $18,565 |
Top Solar Installers in Nevada
Many homeowners decide to hire a solar panel installer since trying to put up solar panels on your own can be a labor-intensive endeavor. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Nevada:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Nevada
Factors that Affect Solar Panel Costs in Nevada
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,370 per kilowatt in Nevada.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Nevada average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Nevada, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Nevada 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 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 | $3.50 | $14,720 | $15,798 | 12.1 years |
| 8 kW | $3.44 | $19,249 | $21,441 | 11.8 years |
| 10 kW | $3.37 | $23,590 | $27,273 | 11.6 years |
| 12 kW | $3.30 | $27,742 | $33,294 | 11.4 years |
| 14 kW | $3.24 | $31,705 | $39,503 | 11.1 years |
| 16 kW | $3.17 | $35,479 | $45,901 | 10.9 years |
| 18 kW | $3.10 | $39,065 | $52,488 | 10.7 years |
| 20 kW | $3.03 | $42,462 | $59,264 | 10.4 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: If you’re worried about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Nevada, MO Solar Cost FAQs
What is the average cost of installing solar panels in Nevada?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 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 get between 20 and 35 panels to account for 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.