Solar Panel Cost Guide in Indian Hills, NV (2024 Update)
- Indian Hills Solar Installation Cost: $13,091
- 25-Year Savings: $19,283
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Indian Hills
Find out what the average cost of solar panel installation is in Indian Hills.
Although the national average of solar panels is $2.66 per watt, solar panels in Indian Hills typically cost around 3.The average solar panel system size in Indian Hills is around 6.1 kilowatts, meaning a cost of about $13,091 for a solar installation, or $18,720 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will differ based on your energy needs and what company you go with.Many homeowners find installing solar panels is a sound investment. The average homeowner in Indian Hills can save about $19,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Indian Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-11,920 |
| 3 years | $-9,577 |
| 5 years | $-7,234 |
| 7 years | $-4,892 |
| 9 years | $-2,549 |
| 11 years | $-206 |
| 13 years | $2,136 |
| 15 years | $4,479 |
| 17 years | $6,822 |
| 19 years | $9,164 |
| 21 years | $11,507 |
| 23 years | $13,850 |
| 25 years | $16,193 |
Top Solar Installers in Indian Hills
Although it's possible to install solar panels by yourself, it involves extra energy and knowledge. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Another benefit of using a solar company is that they can help you maximize your investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
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 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 Indian Hills
Factors that Affect Solar Panel Costs in Indian Hills
For many Indian Hills homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Indian Hills, 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
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,080. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
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 Indian Hills homeowners opt to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Indian Hills, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to 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 names.
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 | $16,184 | 11.3 years |
| 8 kW | $3.14 | $17,593 | $21,924 | 11.1 years |
| 10 kW | $3.08 | $21,560 | $27,836 | 10.9 years |
| 12 kW | $3.02 | $25,355 | $33,921 | 10.7 years |
| 14 kW | $2.96 | $28,977 | $40,178 | 10.5 years |
| 16 kW | $2.90 | $32,426 | $46,608 | 10.3 years |
| 18 kW | $2.83 | $35,703 | $53,210 | 10.0 years |
| 20 kW | $2.77 | $38,808 | $59,985 | 9.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 past customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Indian Hills, NV Solar Cost FAQs
What is the average cost of installing solar panels in Indian Hills?
The average cost of solar panels in Indian Hills 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 like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Indian Hills?
Leasing solar panels can be an attractive choice, because it often 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 get the most savings.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Indian Hills, 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 contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 cover 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.