Solar Panel Cost Guide in Fallon, NV (2024 Update)
- Fallon Solar Installation Cost: $13,481
- 25-Year Savings: $18,964
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Fallon
Let’s have a look at the average cost of solar panels in Fallon.
In Fallon, solar panels cost about 3 per watt on average.Since a 6.3-kW system is needed to cover the energy costs of a typical home in Fallon, the average price of going solar will be about $13,481 after claiming the federal solar tax credit of 0.
These figures are just estimates, and your own solar costs will differ based on your specific situation and what company you want to go with.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
To get a free estimate from a highly rated solar installer in Fallon, you can click the button below.
Solar savings over time in Fallon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,309 |
| 3 years | $-9,967 |
| 5 years | $-7,624 |
| 7 years | $-5,281 |
| 9 years | $-2,939 |
| 11 years | $-596 |
| 13 years | $1,747 |
| 15 years | $4,090 |
| 17 years | $6,432 |
| 19 years | $8,775 |
| 21 years | $11,118 |
| 23 years | $13,460 |
| 25 years | $15,803 |
Top Solar Installers in Fallon
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Plus, if you’re unsure 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.
If you're looking for a solar company in Fallon, we've compiled a list of our top suggestions here:
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Fallon
Factors that Affect Solar Panel Costs in Fallon
For many Fallon homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Fallon, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Fallon, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $3,080 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Fallon homeowners decide to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.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 go with the company that provides the products, warranties and services you’re looking for and also is 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 | $3.20 | $13,453 | $15,328 | 11.7 years |
| 8 kW | $3.14 | $17,593 | $20,782 | 11.5 years |
| 10 kW | $3.08 | $21,560 | $26,409 | 11.2 years |
| 12 kW | $3.02 | $25,355 | $32,208 | 11.0 years |
| 14 kW | $2.96 | $28,977 | $38,180 | 10.8 years |
| 16 kW | $2.90 | $32,426 | $44,324 | 10.6 years |
| 18 kW | $2.83 | $35,703 | $50,641 | 10.3 years |
| 20 kW | $2.77 | $38,808 | $57,130 | 10.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should opt for, since different companies have different panels.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: If you care about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Fallon, NV Solar Cost FAQs
How much does it cost to install solar panels in Fallon?
The average cost of solar panels in Fallon is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Fallon?
A solar panel system isn’t free in Fallon, 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 you can take advantage of.
Does Fallon have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Fallon?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.