Solar Panel Cost Guide in Las Vegas, NM (2024 Update)
- Las Vegas Solar Installation Cost: $15,359
- 25-Year Savings: $30,724
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Las Vegas
Find out what the average cost of solar panels are in Las Vegas.
While the national average of solar panels is $2.66 per watt, solar panels in Las Vegas generally cost around 4.Using this figure, a typical 5.6-kW system would cost about $15,359 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Las Vegas homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Even with the high upfront cost, the average Las Vegas homeowner can save about $28,000 on their power bills over 20 years, which is one of the benefits of solar.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Las Vegas
| Year | Return on Investment |
|---|---|
| 1 years | $-14,271 |
| 3 years | $-12,094 |
| 5 years | $-9,916 |
| 7 years | $-7,739 |
| 9 years | $-5,562 |
| 11 years | $-3,385 |
| 13 years | $-1,207 |
| 15 years | $970 |
| 17 years | $3,147 |
| 19 years | $5,324 |
| 21 years | $7,501 |
| 23 years | $9,679 |
| 25 years | $11,856 |
Top Solar Installers in Las Vegas
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Las Vegas
Factors that Affect Solar Panel Costs in Las Vegas
Although the average cost of a solar system in Las Vegas is $15,359, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.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 choose 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 electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Las Vegas average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Las Vegas, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Las Vegas, and each can charge different amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — 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 choose 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 | $4.09 | $17,166 | $27,107 | 9.7 years |
| 8 kW | $4.01 | $22,448 | $36,583 | 9.5 years |
| 10 kW | $3.93 | $27,510 | $46,279 | 9.3 years |
| 12 kW | $3.85 | $32,352 | $56,195 | 9.1 years |
| 14 kW | $3.77 | $36,973 | $66,331 | 8.9 years |
| 16 kW | $3.69 | $41,375 | $76,687 | 8.8 years |
| 18 kW | $3.62 | $45,557 | $87,264 | 8.6 years |
| 20 kW | $3.54 | $49,518 | $98,060 | 8.4 years |
How to Save on Solar Panels
There are many companies to choose from in Las Vegas, 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:
- Solar Panel Brands: The brand of solar panel you’d like to get plays a part in which installer you should opt for, since different companies offer different panels.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Las Vegas, NM Solar Cost FAQs
How much does it cost to install solar panels in Las Vegas?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $19,650 for a 5-kW system and $39,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Las Vegas?
A solar panel system isn’t free in Las Vegas, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Las Vegas is currently $185,279, so you could be looking at a value of about $7,596 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Las Vegas is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.