Solar Panel Cost Guide in Sun Valley, NV (2024 Update)
- Sun Valley Solar Installation Cost: $13,491
- 25-Year Savings: $15,793
- Payback Period: 11.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Sun Valley
Find out what the average cost of solar panel installation is in Sun Valley.
In Sun Valley, solar panels cost about 3 per watt on average.Using this figure, a typical 6.3-kW system would cost about $13,491 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.Many homeowners find adopting solar power is a solid investment. The average homeowner in Sun Valley can save about $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Sun Valley for a customized quote.
Solar savings over time in Sun 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 Sun Valley
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Plus, if you aren’t sure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you're searching for a solar installer in Sun Valley, we've put together 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 Sun Valley
Factors that Affect Solar Panel Costs in Sun Valley
There are a number of criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel 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 around $3,080. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Sun Valley average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Sun Valley homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been operating 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 high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed 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 Sun Valley, NV Solar Cost FAQs
How much does it cost to install solar panels in Sun Valley?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,400 for a 5-kW system and $30,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Sun Valley?
Leasing solar panels can be an appealing 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 way to go if you want to maximize your savings.
Is it worth going solar in Sun Valley?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 buy 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.