Solar Panel Cost Guide in Fernley, NV (2024 Update)
- Fernley Solar Installation Cost: $13,137
- 25-Year Savings: $16,147
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Fernley
We break down average solar pricing in Fernley.
The national average cost of solar panels is $2.66 per watt, but in Fernley it’s 3 per watt.Because a 6.1-kW system is needed to cover the energy consumption of a typical home in Fernley, the average price of going solar will be about $13,137 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in Fernley depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Fernley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,965 |
| 3 years | $-9,622 |
| 5 years | $-7,280 |
| 7 years | $-4,937 |
| 9 years | $-2,594 |
| 11 years | $-252 |
| 13 years | $2,091 |
| 15 years | $4,434 |
| 17 years | $6,776 |
| 19 years | $9,119 |
| 21 years | $11,462 |
| 23 years | $13,805 |
| 25 years | $16,147 |
Top Solar Installers in Fernley
Although you can install solar panels on your own, it involves extra time and knowledge. For that reason, most homeowners choose to go with a solar panel installer. Another great thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar installer in Fernley, the EcoWatch team has 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 Fernley
Factors that Affect Solar Panel Costs in Fernley
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Fernley: 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 size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,080. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, 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 searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Fernley, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When considering 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 solar panel installer you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $16,082 | 11.4 years |
| 8 kW | $3.14 | $17,593 | $21,788 | 11.2 years |
| 10 kW | $3.08 | $21,560 | $27,666 | 10.9 years |
| 12 kW | $3.02 | $25,355 | $33,716 | 10.7 years |
| 14 kW | $2.96 | $28,977 | $39,940 | 10.5 years |
| 16 kW | $2.90 | $32,426 | $46,335 | 10.3 years |
| 18 kW | $2.83 | $35,703 | $52,903 | 10.1 years |
| 20 kW | $2.77 | $38,808 | $59,644 | 9.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
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 Fernley, NV Solar Cost FAQs
What is the average cost of installing solar panels in Fernley?
The average cost of solar panels in Fernley 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fernley?
A solar panel system isn’t free in Fernley, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Fernley, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.