If you live in Henderson, NV, good news: going solar can help you save big on electric bills. But before you make the switch, it’s essential to know the overall startup solar panel costs so you can create a budget and plan accordingly.
Currently, the average cost of solar panels in Henderson is $2.57 per watt, and the average-sized solar system in the area is 5 kilowatts (kW). With this in mind, the total gross cost would fall between $11,000 and $15,000. However, after accounting for the 30% federal solar tax credit, you can expect a final total of around $9,000 for your installation.
Keep in mind these numbers are rough estimates, and the final price you will pay depends on the size of your home and system, the installation company, as well as other factors. Continue reading to learn all you need to know about the cost of going solar in Henderson, Nevada.
What Factors Determine the Cost of Solar Panels?
Here are the main factors that determine the cost of solar panels in your Henderson home:
System Size
Larger solar systems will have a higher total cost than small systems. As mentioned above, the typical system size in Henderson is 5 kW, which is around what you’d need as an average homeowner in the area.
Type of Solar Panels
The main types of solar panels are monocrystalline, polycrystalline, and thin-film. Monocrystalline is considered the best panel in terms of energy efficiency, but it also has the highest installation cost. Polycrystalline and thin-film are less efficient but more affordable. A consultation with a reliable solar provider can help you decide which option to go with based on your budget and energy goals.
Federal Solar Tax Credit
The federal solar ITC (investment tax credit) is claimed on federal income taxes for a percentage of the cost involved in going solar. Homeowners in Nevada can reduce installation prices by claiming a tax credit for 30% of the cost of installed solar panels and continue saving through Nevada’s net metering policy.
Solar Installation Company
The cost of both equipment and installation will vary depending on the solar company you choose. Before settling with one company, take the time to research and compare options and request a quote from each. Be careful to not compromise quality for a low price — sometimes, it’s better to pay a premium to get a professional, error-free installation.
How To Pay for a Solar Panel in Henderson
The main three solar financing options include:
- Cash: You can consider paying for the solar installation costs upfront if you have the money available.
- Solar Loans: Going solar is a big investment, and you can opt to take a solar loan to help alleviate financial stress.
- Solar Leases: With a solar lease, a third party owns the solar panels on your property and you pay them a set amount each month to use the energy they produce.
Go Solar in Henderson With Solar Optimum
Solar panels may seem like a large investment at first, but making the switch can help you save on electric costs for years to come. They can also significantly raise the value of your home. But that’s not all — taking advantage of the federal solar tax credit, rebates, and Nevada’s own solar incentives helps lower the cost of your installation and gives you more ways to save later on.
A seamless switch to solar starts by picking a reliable provider. At Solar Optimum, we’ve been helping homeowners go solar since 2008. In that time, we’ve built a solid reputation for quality, long-lasting panels at affordable prices. If you’re ready to take the first step toward going solar in Henderson, contact us today and get your free quote!
