Solar Panel Cost Guide in Gering, NE (2024 Update)
- Gering Solar Installation Cost: $22,294
- 25-Year Savings: $35,060
- Payback Period: 10.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Gering
Find out what the average cost of a solar system is in Gering.
Although the national average of solar panels is $2.66 per watt, solar panels in Gering typically cost around 4.The average solar panel system size in Gering is around 8.9 kilowatts, meaning a cost of about $22,294 for a solar installation, or $31,880 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Gering homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a sound investment. The average homeowner in Gering can save around $23,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Gering for a custom estimate.
Solar savings over time in Gering
| Year | Return on Investment |
|---|---|
| 1 years | $-20,522 |
| 3 years | $-16,977 |
| 5 years | $-13,432 |
| 7 years | $-9,887 |
| 9 years | $-6,343 |
| 11 years | $-2,798 |
| 13 years | $747 |
| 15 years | $4,292 |
| 17 years | $7,836 |
| 19 years | $11,381 |
| 21 years | $14,926 |
| 23 years | $18,471 |
| 25 years | $22,016 |
Top Solar Installers in Gering
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Gering
Factors that Affect Solar Panel Costs in Gering
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Gering: 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 cost of solar panel systems 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 with better 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 $3,580.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Gering average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Gering homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $19,895 | 11.0 years |
| 8 kW | $3.65 | $20,449 | $26,927 | 10.8 years |
| 10 kW | $3.58 | $25,060 | $34,160 | 10.6 years |
| 12 kW | $3.51 | $29,471 | $41,594 | 10.4 years |
| 14 kW | $3.44 | $33,681 | $49,228 | 10.2 years |
| 16 kW | $3.37 | $37,690 | $57,062 | 9.9 years |
| 18 kW | $3.29 | $41,499 | $65,097 | 9.7 years |
| 20 kW | $3.22 | $45,108 | $73,332 | 9.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Gering, NE Solar Cost FAQs
What is the average cost of installing solar panels in Gering?
The average cost of solar panels in Gering is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Gering?
The majority of states have net metering programs of some kind. Through these, you can 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 often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.