How much do solar panels cost in Las Vegas, Nevada?

cost of solar panels las vegas

The past decade has witnessed astounding growth in the U.S. solar industry, but a few key states have led the way. Many stakeholders are aware that sunny West Coast states like California and Arizona are winners for solar power but somewhat under the radar is Nevada – the 4th biggest state in the U.S. in terms of installed capacity as well as solar job creation. Nearly ten percent of the state’s electricity comes from solar power and nearly half a million homes are running on solar in 2017. Las Vegas is also shining in terms of the top cities for solar in the U.S. In this article we’ll explain why Las Vegas is one of the best places to go solar in 2017 and what you can expect a solar panel system to cost.

How much do solar panels cost in Las Vegas?

As of the end of 2016, the average cost for solar panels in Las Vegas was $3.35 per watt. Since the average system size in the U.S. is 5 kilowatts (5,000 watts), that means the average price of a solar system in Las Vegas is $16,750 before rebates and incentives.

While this price per watt is fairly low for the state of Nevada, it’s actually very competitive in terms of national pricing as well. Solar prices in the Silver State have declined by 64 percent over the past five years and Las Vegas homeowners are starting to take notice.

Solar pricing table: Las Vegas compared to national average cost

System size National Average Cost (Post ITC) Las Vegas Average Cost (Post ITC)
3 kW $7,161 $7,035
5 kW $11,935 $11,725
7 kW $16,709 $16,415
10 kW $23,870 $23,450
12 kW $28,644 $28,140

*Values in this table include the 30% discount from the Federal solar tax subsidy (ITC)

This table uses data from solar prices quoted to homeowners on the EnergySage Solar Marketplace in 2016, offering a comparison of Las Vegas pricing to typical quotes seen at the national average. Though prices in the Vegas area are generally lower than the greater state of Nevada, the difference is slim. However, the difference in price between Las Vegas and the national average cost of solar in 2016 is fairly significant, usually earning these homeowners a discount worth hundreds of dollars.

The NV Energy solar panel rebate and other incentives for Las Vegas solar shoppers

Thanks to a strong rebate program offered by Nevada’s lead utility, NV Energy, Las Vegas homeowners can earn a major reduction on their solar energy cost. The rebate will pay $0.15 per watt of solar energy installed which can equate a thousand dollars or more depending on the size of the system. Furthermore, depending on your income bracket you may qualify for an additional rebate offered by the Nevada utility that reduces the bill even more for low-income homeowners considering a solar installation.

Here’s how NV Energy’s rebate program has changed the cost of solar for Las Vegas homeowners who shopped on EnergySage in 2016:

Las Vegas solar pricing table: NV Energy solar rebate

 System Size  Las Vegas Average Cost of Solar  LAs vegas. Average Cost of Solar (with NV Energy rebate)
 3 kW $7,035  $6,585
 5 kW  $11,725  $10,975
7 kW $16,415 $15,365
 10 kW  $23,450  $21,950
 12 kW  $28,140  $26,340

*Values in this table include the 30% discount from the Federal solar tax subsidy (ITC)

How Las Vegas homeowners can save big on solar

Though Las Vegas solar prices will be some of the cheapest in the country with continued decline expected over the next five years, the upfront cost is not necessarily the biggest selling point. When considering Nevada’s high and rising electricity prices, the long term savings and ROI of going solar in Las Vegas may be the biggest incentive to make the transition to renewables. In 2016, solar quotes received by Las Vegas homeowners yielded 20-year savings estimates of $26,710 on average.

However, what isn’t captured in that savings figure is the control you have as a solar shopper on the final price you’ll receive for your solar system, bringing us to our…

Three tips for solar shoppers in Las Vegas

  1. Homeowners who get multiple quotes save 10% or more

    As with any big ticket purchase, shopping for a solar panel installation takes a lot of research and consideration, including a thorough review of the companies in your area. A recent report by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) recommended that consumers compare as many solar options as possible to avoid paying inflated prices offered by the large installers in the solar industry.

    To find the best solar contractors in Las Vegas that typically offer lower prices, you’ll need to use an installer network like EnergySage. You can receive free quotes from vetted installers local to you when you register your property on our Solar Marketplace – homeowners who get 3 or more quotes can expect to save $2,000 or more on their solar panel installation.

  2. The biggest installers typically don’t offer the best price

    The bigger isn’t always better mantra is one of the main reasons we strongly encourage homeowners to consider all of their solar options, not just the brands large enough to pay for the most advertising. A recent report by the U.S. government found that large installers are $2,000 to $5,000 more expensive than small solar companies. If you have offers from some of the big installers in solar, make sure you compare those bids with quotes from local installers to ensure you don’t overpay for solar.

  3. Comparing all your equipment options is just as important

    National-scale installers don’t just offer higher prices – they also tend to have fewer solar equipment options, which can have a significant impact on your system’s electricity production. By collecting a diverse array of solar bids, you can compare costs and savings based on the different equipment packages available to you.

    There are multiple variables to consider when seeking out the best solar panels on the market. While certain panels will have higher efficiency ratings than others, investing in top-of-the-line solar equipment doesn’t always result in higher savings. The only way to find the “sweet spot” for your property is to evaluate quotes with varying equipment and financing offers.

For any Las Vegas homeowner in the early stage of shopping for solar that would just like a ballpark estimate for an installation, try our Solar Calculator that offers up front cost and long term savings estimates based on your location and roof type. For those looking to get quotes from local contractors today, check out our quote comparison platform.

Leave a Reply

Your email address will not be published. Required fields are marked *