Solar Panel Cost Guide in Henderson, NV (2024 Update)
- Henderson Solar Installation Cost: $12,462
- 25-Year Savings: $24,401
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Henderson
Let’s have a look at the average cost of solar in Henderson.
While the national average of solar panels is $2.66 per watt, solar panels in Henderson generally cost about 3.The average Henderson homeowner needs a 5.8-kilowatt system, which would cost about $12,462 with the federal tax credit, or $17,821 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Henderson homeowners. The cost 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.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $23,000 over 20 years on energy bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Henderson
| Year | Return on Investment |
|---|---|
| 1 years | $-11,125 |
| 3 years | $-8,450 |
| 5 years | $-5,775 |
| 7 years | $-3,100 |
| 9 years | $-425 |
| 11 years | $2,250 |
| 13 years | $4,925 |
| 15 years | $7,600 |
| 17 years | $10,275 |
| 19 years | $12,949 |
| 21 years | $15,624 |
| 23 years | $18,299 |
| 25 years | $20,974 |
Top Solar Installers in Henderson
When going solar, many homeowners decide to use a solar installation company since DIY solar panel installation can be a difficult project. Some solar installers, especially local ones, can help you make the most of incentives in Henderson, optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Henderson
Factors that Affect Solar Panel Costs in Henderson
For many Henderson homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Henderson, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Henderson average.
Solar Financing Terms
Most solar companies in Henderson provide solar loans, which reduce the initial cost of installing a solar system.While solar loans make going solar more accessible for Henderson homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can play a part in determining your pricing. Henderson’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $22,458 | 9.4 years |
| 8 kW | $3.14 | $17,593 | $30,289 | 9.2 years |
| 10 kW | $3.08 | $21,560 | $38,293 | 9.0 years |
| 12 kW | $3.02 | $25,355 | $46,469 | 8.8 years |
| 14 kW | $2.96 | $28,977 | $54,818 | 8.6 years |
| 16 kW | $2.90 | $32,426 | $63,339 | 8.5 years |
| 18 kW | $2.83 | $35,703 | $72,032 | 8.3 years |
| 20 kW | $2.77 | $38,808 | $80,898 | 8.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Henderson, NV Solar Cost FAQs
How much does it cost to install solar panels in Henderson?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,400 for a 5-kW system and $30,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Henderson?
Leasing solar panels can be an appealing choice, as it typically 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Does Henderson have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Henderson?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.