Solar Panel Cost Guide in Johnson Lane, NV (2024 Update)
- Johnson Lane 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 Johnson Lane
Find out how much it might cost to install solar panels in Johnson Lane.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Johnson Lane, the typical cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Johnson Lane, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,091, or $18,720 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will most likely differ based on the amount of energy your home requires and what company you go with.With average savings of about $19,000 on energy bills over 20 years, many homeowners in Johnson Lane find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Johnson Lane that can help you get a more accurate cost estimate for your home.
Solar savings over time in Johnson Lane
| 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 Johnson Lane
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be time-consuming. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar contractor too, which can save you more money over time.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Johnson Lane
Factors that Affect Solar Panel Costs in Johnson Lane
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Johnson Lane: 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 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 about $3,080. The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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 looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Johnson Lane provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Johnson Lane, you’ll have plenty of options to choose from, but each comes at different price points 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 prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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
There are many companies available in Johnson Lane, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Johnson Lane, NV Solar Cost FAQs
What is the average cost of installing solar panels in Johnson Lane?
This is a tough question to answer precisely, because the cost depends on many 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 extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Johnson Lane?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Johnson Lane?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.