Solar Panels Cost 6.5k-15k in Nevada | December, 2024

Solar Panels Cost $6.5k-$15k in Nevada | December, 2024

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How much do solar panels cost in Nevada in 2024?

Getting solar panels installed in the month of December, 2024 in Nevada costs about $3.14/W.

Using the cost, you are able to come to the conclusion that for every 1000 watts (1 kW) your solar system can generate you will spend $3,140 to get your system installed. When you deduct the 30% federal tax credit, a 5 kW system in Nevada will cost around $10,990. Please keep in mind that a more extensive system could be essential to satisfy your energy needs.

By selecting your county on the left, you can view the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a full overview of the {price|costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Nevada: $10,990US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Nevada: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Nevada: $17,875US Average: $16,151

Solar Potential in Nevada

Estimated system size and solar electricity production per median viable roof in
Nevada.

Roof size 921sq. ft.
Capacity 12.88kW DC
Electricity 19.9kkWh AC per yr.

Electricity Costs in Nevada & What that Means for Your Solar Panel Pricing

The average monthly electric bill for Nevada residents is $139.9, with an average usage of 923 kWh. This number also encompasses the energy needs of apartments and smaller homes.

For December 2024, the average electricity rate in Nevada is **15.15x10**¢ per kWh.

The average energy consumer in Nevada requires 7 kW or larger solar setup to take care of their full energy consumption needs. Initially, 7 kW solar system will cost around $21,980, after a 30% federal tax credit, this drops to $15,386.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Nevada

On the left and below, you can see the pricing details for various sizes of solar panel systems installed in Nevada. Although a more extensive solar installation carries a larger expense, it also brings greater electricity savings and more substantial income tax credits.

In the solar panel cost calculator located to the right and below, you can examine a cost and benefit breakdown to match an average $139.9 electric bill in Nevada. Swap the $139.9 with your average electricity bill to get customized results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $780 a year
Est. Price
$6,594
Savings from a 3kWthis system
  • Est. yearly production 5,146 kWh
  • Est. monthly savings $65
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.7 tons a year
  • Equivalent to planting 78 trees a year
  • Equivalent to driving 4,208 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,040 a year
Est. Price
$8,792
Savings from a 4kWthis system
  • Est. yearly production 6,861 kWh
  • Est. monthly savings $87
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.27 tons a year
  • Equivalent to planting 104 trees a year
  • Equivalent to driving 5,611 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,300 a year
Est. Price
$10,990
Savings from a 5kWthis system
  • Est. yearly production 8,577 kWh
  • Est. monthly savings $108
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.83 tons a year
  • Equivalent to planting 130 trees a year
  • Equivalent to driving 7,014 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,560 a year
Est. Price
$13,188
Savings from a 6kWthis system
  • Est. yearly production 10,292 kWh
  • Est. monthly savings $130
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.4 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,416 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,820 a year
Est. Price
$15,386
Savings from a 7kWthis system
  • Est. yearly production 12,007 kWh
  • Est. monthly savings $140
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,065 mi less a year

Nevada Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant currently offers between 80% and 100% coverage for the installation costs of photovoltaic or wind turbines for rural small businesses and agricultural businesses. Think you fit the criteria? Verify your eligibility with our REAP Grant eligibility tool.

Thanks to the 30% federal income tax credit, residential solar installations are within reach for most people, rendering solar power a feasible investment across various states. Furthermore, various state and local programs are in place to further encourage the adoption of solar power.

Multiple utilities and government agencies in Nevada provide 16 solar rebate and incentive programs.

Solar incentives in NV

Southwest Gas Corporation - Smarter Greener Better Solar Water Heating Program

Value:Up to $3,500

Residential, small commercial, and public-sector customers of the Southwest Gas Corporation may be entitled to rebates on new solar water heaters. The available rebate amount for each particular customer will depend on the capacity of their solar collectors and the expected heating performance. Additional details, including application forms, are available from the SWG website.

Revolving Loan Program

Value:Up to $1,000,000

The Nevada Governor's Office of Energy offers revolving loans to support new renewable energy investment and energy efficiency improvements across the state. Initial funding for the loan program was obtained from the 2009 federal stimulus package. Available principal per loan ranges from $100,000 to $1 million at market interest. Repayments will immediately "revolve" back into the loan pool to aid another borrower, with interest adding additional funding. Loans may be used for a breadth of energy efficiency projects, but they may not fund research projects, real estate purchases, or refinancing. Additional information is available from the NVGOE website.

Property Tax Abatement for Green Buildings

Value:Up to $100,000

In Nevada, new multi-family residential, commercial, or industrial property and renovation projects may be eligible for property tax abatements if they meet green construction standards. Eligible buildings should meet or exceed the requirements for LEED Silver certification and pursue formal accreditation from the US Green Building Council. Longer abatement periods are available for buildings earning Gold or Platinum certification. The maximum abatement period is 10 years. Businesses that produce manufactured goods should create at least 25 non-corporate jobs during the abatement period.

Southwest Gas Corporation - Residential Energy Efficiency Rebate Program

Value:Varies

Residential customers of the Southwest Gas Corporation may be entitled to rebates on new energy-efficient equipment and improvements. Available rebate offers will vary from time to time. Additional details, including application forms, are available from the SWG website.

Solar Contractor Licensing

Value:Varies

Contractors supervising the installation or repair of solar energy systems in Nevada should have the proper license from the state board. Valid licenses include C-37 and C-1 for solar water heating, C-2 for solar PV, C-21 for solar HVAC, and Classification A for large/utility-scale solar facilities. Workers performing the installation or repair of a solar energy system should have a photovoltaic installer's license. Applicants for this license will need to pass a state exam; if the applicant is a contractor, they will also need to present pertinent contracting licenses. Homeowners do not need a solar contracting license to install or repair their own solar devices.

NV Energy (Northern Nevada) - Business Energy Efficiency Rebate Program

Value:Varies

NV Energy (Northern Nevada) operates a rebate and incentive program to support large commercial, industrial, and public-sector customers making energy efficiency improvements. Available rebate offers will vary from time to time; current offers may apply to both new and existing facilities. Additional information is available through the NV Energy website.

NV Energy (Southern Nevada) - Business Energy Efficiency Rebate Program

Value:Varies

NV Energy (Southern Nevada) operates a rebate and incentive program to support large commercial, industrial, and public-sector customers making energy efficiency improvements. Available rebate offers will vary from time to time; current offers may apply to both new and existing facilities. Additional information is available through the NV Energy website.

NV Energy - Clean Energy Incentive Program

Value:Varies

SolarGenerations is a rebate and credit purchasing program for NV Energy's interconnected solar PV and thermal customers. Systems in northern and southern Nevada have equal opportunity to apply, though solar collectors must not exceed a maximum total capacity of 500 kW. Owners of participating small solar energy systems up to 25 kW will earn an up-front rebate of 50% of installation and interconnection costs. Larger systems will earn five years' worth of performance-based incentives (PBIs) in exchange for all renewable energy credits generated by the system through the period. PBI rates vary depending on the type of property and the rated capacity of the system. Additional information is available from the NV Energy website.

Valley Electric Association - Net Billing

Value:Varies

Residential and commercial renewable energy customers of the Valley Electric Association may be eligible to participate in net billing contracts. Generally, the net billing program only serves systems rated for less than 25 kW, but some special exceptions may be made for larger systems in the utility's interest. The utility will purchase net excess generation (NEG) from a customer's system at a rate of 75% of the average retail price. Payment takes the form of a credit on the customer's bill. Should credit amount exceed the customer's liability in any given month, credits can roll forward to subsequent cycles until the end of the year. At that time, the remaining excess credits cannot be claimed. Additional information is available from the VEA website.

Energy Portfolio Standard

Value:Varies

Nevada first adopted a renewable portfolio standard in 1997 to plan for statewide renewable energy investment. Current goals require 50% of retail electricity in Nevada to be generated using renewable technology by 2030. Qualifying technologies include solar, wind, biomass, hydroelectric, and "waste tires." Compliance is measured through a "portfolio energy credit" (PEC) system pegging one kilowatt of energy to a fluctuating dollar value. All renewable energy systems generate these credits, though utilities are expected to purchase some of their standard PEC quota from private customers using net billing contracts or other contractual agreements. Additional information is available through the Nevada Public Utility Commission website.

Net Metering

Value:Varies

Since 1997, private utilities in Nevada have been required to offer net metering contracts to their renewable energy customers. Any system under one megawatt in capacity can qualify for net metering, with all associated fees waived for systems under 25 kilowatts. Under net metering, the utility will install a bidirectional meter onto a customer's system determining the amount of net excess generation (NEG) sent back to the grid. The customer will receive a bill credit for this NEG at a fixed avoided-cost rate. Should generation exceed consumption for a given billing cycle, credits can move forward to subsequent cycles. Utilities may limit the total number of customers under net metering or restrict access to systems that supply more electricity than a customer regularly consumes.

Local Option - Special Improvement Districts

Value:Varies

NOTE: This law only allows for the creation of PACE districts. There are currently no operational PACE programs in Nevada. Communities and counties in Nevada may form or join property-assisted clean energy (PACE) districts. With the usual exception of single-family homes or multi-family residential property under five units, any property will be able to apply for specialized energy efficiency loans through their local PACE program. Maximum available principal, interest rates, and other terms and conditions will vary from program to program. Repayment takes the form of a property tax lien senior to mortgages; this means should the borrower sell their property, the new owner will be responsible for continuing loan payments. Additional information is available from the Nevada State Office of Energy.

NV Energy - Solar Thermal Heating Program

Value:Varies

Residential, small business, public sector, and nonprofit customers of NV Energy (Northern Nevada) may be entitled to rebates on new solar water, space, or pool heating systems. The new equipment should replace a conventional electric or gas heating system. The available rebate amount for any given customer is equal to half of the purchase price and installation costs of the system. Single-family homeowners may earn up to $3,000, with higher caps of $7,500 and $30,000 for businesses and nonprofits/government organizations respectively. Additional information is available from the NV Energy website.

Portfolio Energy Credits

Value:Varies

In Nevada, compliance with the state renewable portfolio standard is measured with Portfolio Energy Credits (PECs). In the absence of credit multipliers, one PEC represents the price of one kilowatt hour generated with renewable technology. Credit multipliers apply to different renewable technologies. Solar PV systems in use before January 2016 will generate 2.4 PECs per kilowatt hour. Systems after the date cutoff will generate a variety of smaller multipliers based on how the customer uses and maintains their system. NV Energy will buy credits from customers at an instantaneous fair market value. To begin generating and selling PECs, customers should register their energy system with the Nevada Public Utilities Commission.

Large Scale Renewable Energy Property Tax Abatement (Nevada State Office of Energy)

Value:Varies

In Nevada, businesses may qualify for a property tax abatement on large renewable energy systems or their respective components. Qualifying technologies include solar, wind, geothermal, hydroelectric, fuel cell, and some biomass. The maximum possible abatement is 55% for 20 years. The taxpayer should be prepared to keep their system operational for a minimum of ten years. They must also create a minimum number of construction jobs, including providing workers with health insurance and a minimum benefits package. Additional information is available from the Nevada State Office of Energy.

Renewable Energy Sales and Use Tax Abatement

Value:Varies

In Nevada, state sales tax abatements are available for certain mid-sized commercial renewable energy systems. An abatement lasts for three years and will lower tax rates on energy a system generates to 2.6%. Qualifying systems should be rated for at least 10 MW in capacity. Solar/geothermal systems exporting energy for at least 25,840,000 BTU of heat may also qualify. As a condition of receiving the abatement, property owners may be required to create construction jobs for Nevada residents. New positions should include health insurance and minimum benefits packages. Additional information is available from the Nevada State Office of Energy.

Are solar panels worth it in Nevada?

If you expect living in your home longer than the solar system's payback period, adding solar panels is an smart decision in Nevada. With a 5 kW solar system in Nevada, the average savings over a 20 period is $22,585.21, with break even generally occurring at 7 years.

The cost of not having solar panels in Nevada

Not having solar panels or any other backup energy system results in missing the earlier mentioned savings and full dependence on your electric utility for electricity. Many recent examples in the news have shown that total dependence on your utility company is not always the best option.

Annually, the average number of outages per customer in Nevada is about 0.77. Outages generally last for an average of 69.39 minutes. During major occurrences like tornadoes, grid management errors, or wildlife damage, these times can extend significantly.

Take a look at the component below to see the number of current electricity customers without power in Nevada.

A solar energy system could help mitigate the effects of future outages, with or without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Nevada.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Nevada?

Your Energy Needs -Larger solar panel setups come with a larger price tag, yet the cost per watt decreases as the size of the system grows. Individuals often realize that setting up a solar system that can cover their entire electric bill is useful, ensuring significant savings.

Make & Model - Solar panels and mounting equipment, just like many other products, are available in different makes and models. The contractor’s preference for system makes it essential to select a reputable installer. Buyers who choose high-quality materials generally enjoy a more favorable long-term experience.

Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and for good reason. These panels are more costly, yet they generate more energy. Most installers tend to utilize panels made from this material.

Your Property - Each property and home has its own characteristics. Factors like trees, irregular terrain, or other hindrances can make the installation more challenging. Today, the most solar installers can assess your home with satellite images and incorporate these considerations in the initial cost estimate.

Labor Rates - Companies offer different pay rates to their employees, which are then reflected in the prices consumers pay. Higher reviews for work and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - Permitting and utility interconnection fees vary locally and will impact your installation cost. Reliable installers will factor these costs into your first quotes to prevent unexpected expenses.

Go Solar for less than your cell phone bill.

Who are the best solar installers in Nevada?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Bombard Renewable Energy

Las Vegas, NV(702) 263-3570

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Core Development Group

(201) 825-2195

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Simple Power Solar

Reno, NV(775) 786-4006

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Sol-Up USA

Las Vegas, NV(702) 586-1180

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Interior Electric

Orange, CA(714) 771-9098

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Aspen Electric

Reno, NV(775) 870-1064

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Vegas Solar

Henderson, NV(702) 527-4883

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Consulting on all things solar related.

Knight Electric

Justin, TX(801) 782-8219

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

Infinity Energy

Rocklin, CA(888) 244-2513

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Solar Service

Austin, TX(512) 883-1411

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.

Nevada Solar Panel Cost FAQs

  • In December, 2024, the average cost of solar panels per watt in Nevada is $3.14/W. Installing a 5 kW solar panel system in Nevada will cost approximately $10,990 after applying the federal tax credit.
  • Various utility providers and government organizations in Nevada are offering 16 rebates and incentives at this time. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • While paying cash provides the most savings, several financing options for solar panels exist that also make financial sense. Your preliminary quotes will usually include financing options available through installers.
  • Yes, in Nevada, the average payback period for 5 kW solar panels is 7 years, resulting in average electricity savings of $22,585.21 over 20 years.
  • At present, there are no incentive programs that compensate residents of Nevada for setting up solar panels, but every American can benefit from the 30% federal tax credit for solar installations.
  • Free solar panel programs are not present in Nevada, but the 30% federal income tax credit, available to most US citizens, significantly cuts down the cost burden of installing solar panels.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-12-08