Solar Panel Cost Guide in Papillion, NE (2024 Update)
- Papillion Solar Installation Cost: $23,804
- 25-Year Savings: $7,438
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Papillion
See how much it might cost to install solar panels in Papillion.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Papillion, the typical cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Papillion, most homeowners require a 9.5-kilowatt system. Using the figure above, a solar installation costs about $23,804, or $34,040 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $16,000 over 20 years on energy bills.
To receive a free estimate from a top solar installer in Papillion, you can click the button below.
Solar savings over time in Papillion
| Year | Return on Investment |
|---|---|
| 1 years | $-22,554 |
| 3 years | $-20,054 |
| 5 years | $-17,555 |
| 7 years | $-15,056 |
| 9 years | $-12,556 |
| 11 years | $-10,057 |
| 13 years | $-7,558 |
| 15 years | $-5,058 |
| 17 years | $-2,559 |
| 19 years | $-60 |
| 21 years | $2,440 |
| 23 years | $4,939 |
| 25 years | $7,438 |
Top Solar Installers in Papillion
Although it's possible to install solar panels by yourself, it requires extra effort and know-how. That's why most people choose to hire a solar panel installer. Another great thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Papillion
Factors that Affect Solar Panel Costs in Papillion
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Papillion: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions 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 looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Papillion homeowners choose to finance their solar panel systems to offset upfront costs.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Papillion, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.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 at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits within 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 | $9,881 | 15.3 years |
| 8 kW | $3.65 | $20,449 | $13,575 | 15.0 years |
| 10 kW | $3.58 | $25,060 | $17,470 | 14.7 years |
| 12 kW | $3.51 | $29,471 | $21,566 | 14.4 years |
| 14 kW | $3.44 | $33,681 | $25,862 | 14.1 years |
| 16 kW | $3.37 | $37,690 | $30,358 | 13.8 years |
| 18 kW | $3.29 | $41,499 | $35,055 | 13.6 years |
| 20 kW | $3.22 | $45,108 | $39,953 | 13.3 years |
How to Save on Solar Panels
There are numerous companies available in Papillion, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
EcoWatch's Papillion, NE Solar Cost FAQs
What is the average cost of installing solar panels in Papillion?
The average cost of solar panels in Papillion 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Papillion?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Papillion, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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.