Solar Panel Cost Guide in Lemmon Valley, NV (2024 Update)
- Lemmon Valley Solar Installation Cost: $13,491
- 25-Year Savings: $18,956
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Lemmon Valley
Here’s how much it might cost to make the switch to solar in Lemmon Valley.
The average cost of a solar system in Lemmon Valley is 3 per watt.To cover the typical energy usage of the average home in Lemmon Valley, most homeowners require a 6.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,491, or $19,292 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar company in Lemmon Valley that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lemmon Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,319 |
| 3 years | $-9,977 |
| 5 years | $-7,634 |
| 7 years | $-5,291 |
| 9 years | $-2,949 |
| 11 years | $-606 |
| 13 years | $1,737 |
| 15 years | $4,080 |
| 17 years | $6,422 |
| 19 years | $8,765 |
| 21 years | $11,108 |
| 23 years | $13,450 |
| 25 years | $15,793 |
Top Solar Installers in Lemmon Valley
When making the switch to solar, many homeowners prefer to go with a solar installation company since putting up solar panels yourself can be a time-consuming project. Another advantage of going with a solar installer is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar installer in Lemmon Valley, the EcoWatch team has organized 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 Lemmon Valley
Factors that Affect Solar Panel Costs in Lemmon Valley
For many Lemmon Valley homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Lemmon Valley, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Lemmon Valley, 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 gauge by looking at past energy bills. Your total cost can increase by about $3,080 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lemmon Valley to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When figuring out 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 reduce the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Lemmon Valley, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.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 cost more. It’s best to do some research and find a company that provides the products, warranties and services you want and also fits 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 | $15,307 | 11.7 years |
| 8 kW | $3.14 | $17,593 | $20,754 | 11.5 years |
| 10 kW | $3.08 | $21,560 | $26,374 | 11.2 years |
| 12 kW | $3.02 | $25,355 | $32,166 | 11.0 years |
| 14 kW | $2.96 | $28,977 | $38,130 | 10.8 years |
| 16 kW | $2.90 | $32,426 | $44,268 | 10.6 years |
| 18 kW | $2.83 | $35,703 | $50,577 | 10.3 years |
| 20 kW | $2.77 | $38,808 | $57,059 | 10.1 years |
How to Save on Solar Panels
The solar company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should choose, since different companies have access to different panels.
- Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about 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 Lemmon Valley, NV Solar Cost FAQs
How much does it cost to install solar panels in Lemmon Valley?
The average cost of solar panels in Lemmon Valley 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 such as 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 Lemmon Valley?
Solar panels aren’t free in Lemmon Valley, 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 can further reduce the cost.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $958.67 per year.
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 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.