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Solar Panel Cost in Las Vegas: Local Installation Prices
The average cost of going solar in Nevada is $2.51 per watt. Based on this figure, a typical 6 kilowatt (kW) system in the city of Las Vegas would cost around $15,060. However, the actual price of a system depends on numerous factors, which we outline in the next section.
Here is a breakdown of what to expect for solar panel pricing in Las Vegas:
What Affects The Cost of Solar Panels in Las Vegas?
Several factors can increase or decrease the cost of a solar power system, including:
- Size of the system: Like some other energy efficiency upgrades, solar panel systems do not have standardized sizing. Each home will need a different system size based on its specific energy usage, roof layout and local sunshine conditions. The larger the system size, the higher the overall cost. Besides size, a system’s complexity can also affect its cost, with complex installation processes resulting in higher costs. For instance, solar carports will cost more than conventional, roof-mounted systems.
- Type of equipment: In most cases, solar equipment accounts for 70% to 80% of solar system costs. Solar panel systems are made up of multiple individual components, and the quality and cost of each component affect the total price tag. For this reason, high-quality solar panels will cost more. Similarly, microinverters cost more than traditional string inverters, and adding a solar battery can increase your system cost by $10,000 or more. Premium equipment will also have better warranty coverage, with reputable installers offering warranties of up to 25 years to cover solar panels.
- Choice of installer: Like any other purchase, the company you choose can affect the cost of the service. Larger solar companies can benefit from operations of scale and may offer lower pricing compared to small or local installers. However, local companies sometimes offer low costs thanks to lower overhead costs. You can also opt for companies that offer cheap solar panels if you are looking to save.
- Solar incentives and rebates: The availability of solar incentives can significantly lower the net cost of a solar energy system. Some examples of solar incentives include tax incentives, direct rebates, solar renewable energy certificates (SRECs) and net metering programs. You can claim solar incentives available in your area to help lower the overall cost of your installation and, as is the case with net metering, further lower your power bills.
- Choice of payment model: Your chosen payment model affects the price of a solar power system. For instance, a solar loan can reduce initial costs, but with interest rates and fees, the total cost of ownership over time may be higher. The same applies to other payment options, such as solar leases and power purchase agreements (PPAs), which require a fixed monthly payment.
Solar Incentives in Las Vegas
Las Vegas residents can lower their system pricing and increase energy bill savings with solar incentives available in the city. For example, the federal solar tax credit, formally known as the Investment Tax Credit (ITC), offers savings worth 30% of your final system cost. Savings come in the form of a federal tax deduction for the year after you install a solar system.
Nevada also offers a net metering program that allows homeowners to use grid and solar power flexibly through system interconnection. With net metering, you can send excess solar generation back to the power grid in exchange for energy bill credits. Every utility company in Nevada, and therefore Las Vegas, offers net metering to its customers.
Las Vegas residents also benefit from the state’s Solar Access Laws, which protect the right of homeowners to install solar panels on their property. The PowerShift program by NV Energy also offers customers a direct rebate of up to $3,000. Together, combining the incentives available in Las Vegas can improve your return on investment when installing solar power.
Best Solar Installation Companies in Las Vegas
For homeowners looking to make the switch to clean energy, there are numerous solar installers operating in Nevada and Las Vegas. Our picks for the best solar companies in Las Vegas include large, national brands with extensive experience and reputable local installers with strong expertise.
- SunPower: Our pick for most experienced
- Sunrun: Our pick for leasing options
- ADT Solar: Customers’ choice
- Green Home Systems: Our pick for solar roofing
- Momentum: Our pick for easy integration
Are Solar Panels Worth It in Las Vegas?
Las Vegas is one of the best cities in the country for solar panel installations. It receives an exceptional number of sunny days, and a survey by Environment Nevada named it the second-best city to go solar in. Moreover, Nevada’s low solar pricing means homeowners can achieve a payback period of less than eight years, alongside significant power bill savings over a solar system’s two- to three-decade lifespan.
Added to the other benefits of solar power, such as protection against rising power costs and energy resilience, we think solar is worth it in Las Vegas.
How We Gathered Our Cost Data
We conducted in-depth research and analyzed several factors when determining our cost data, including:
- Conducting surveys: In March 2023, we polled 1,000 homeowners with a photovoltaic system on the cost of their residential solar panels, then compared the average price by system size and installer.
- Researching reliable sources: We gathered information from reliable solar sources like the Solar Energy Industries Administration (SEIA), the National Renewable Energy Laboratory (NREL) and Energy Information Administration (EIA) to assess the national average cost of solar panels, as well as the cost of electricity and solar power systems by state.
- Consulting experts: We spoke with experts like Jesse Solomon, the co-founder of NCSolarNow, to understand the costs of going solar for both customers and installation companies.
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