Are you looking for a more sustainable and cost-effective way to energy? Well, installing solar panels might be the solution for you. Solar power in Las Vegas is a great investment for its hot and humid climate all year round. Although this task can be daunting, we are here to help you. In this article, you will learn everything about solar panels in Las Vegas.
Solar System Installation Cost in Las Vegas
For those who are new to solar systems, the cost might be the first thing to come in mind. There is a lot of factors to think about when you are first switching to solar power. Things such as installation costs and maintenance must be planned before the installment process.
As the latest of 2023, an average of $2.58 per watt is expected. On the 25-30 years lifespan of your solar panel, you can expect to save between $23,300-$30,500. The payback period of 8-9 years. The cost per watt in Las Vegas is on the much cheaper side compared to other states such as California, where it costs an average of $4.3 per watt. This price is without tax reductions and rebates, topics that we will get into later.
Your installation costs will greatly depend on the company you choose, the materials of the solar panels, and the size of your property. Below is the estimated cost of solar panel systems in Las Vegas depending on the size of the property.
| System Size | Area It Covers | Cost Before Reductions |
|---|---|---|
| 1kW | 90 sq. ft | $4,080 |
| 2kW | 180 sq. ft. | $5,100 |
| 3kW | 270 sq. ft. | $7,650 |
| 4kW | 360 sq. ft. | $10,200 |
| 5kW | 450 sq. ft. | $12,750 |
| 6kW | 540 sq. ft. | $15,300 |
| 7kW | 630 sq. ft. | $17,850 |
| 8kW | 720 sq. ft. | $20,400 |
| 9kW | 810 sq. ft. | $22,950 |
| 10kW | 900 sq. ft. | $25,500 |
Although the primary cost of installing a solar panel system seems to be costly, it’s a good investment in the long run. Since Nevada is very hot and dry, especially in the summer, you can expect to get the costs back in just 8-9 years with your lowered electricity bill.
Which company you choose will greatly affect the price as well. We recommend going for a more secure and high-quality material, even when the price is higher. Solar panel systems last for a long time, averaging around 25-30 years, having a better solar system will be the most cost-effective path. It’s better to invest more now and have a long-lasting system than to have cheap materials that will last a short time and be prone to repairs, in turn costing much more money in the long run.
Another thing to consider is the maintenance, which can cost around $100-$1000 annually. Of course, you can do it by yourself if you are willing to learn and put in the work.
Incentives, Tax Credits & Rebates For Solar Panels In Las Vegas
Installing a greener energy source can be costly, especially for homeowners and residential areas. Here is some information that can help you lower the costs for solar panels in Las Vegas.
Incentives
Nevada has the largest solar panel installed per capita in the whole country and in return, they do offer a variety of incentives, tax credits, and rebates for homes, small businesses, and commercial use of solar panel systems. Since 2012, the Nevada Energy Renewable Generations Program offers incentives up to $13,500 for homeowners or residential use, and up to $67,500 for small businesses.
The Governor’s Office of Energy has a program called Direct Energy Assistance Loan or DEAL to help state employees with their more energy-efficient improvements. If you are a state employee in Las Vegas, you are eligible for a $3000-$6000 loan that has a 60-month payment.
Investment Tax Credit
The updated Federal Solar Investment Tax Credit has recently been adjusted due to new legislation. Now, homeowners who purchase or install solar panel systems between 2022 and 2032 will benefit from a 30% tax credit on the total installation costs.
However, if you’re planning to wait a bit longer, keep in mind that this generous credit will decrease to 26% in 2033 and further drop to 22% in 2034. By 2035, the tax credit is expected to be phased out completely. Ensure you take advantage of these tax reductions while they are still available.
Below is the estimated cost with the ITC reduction.
| System Size | Area It Covers | Cost After 30% ITC |
|---|---|---|
| 1kW | 90 sq. ft | $2,800 |
| 2kW | 180 sq. ft. | $3,500 |
| 3kW | 270 sq. ft. | $5,250 |
| 4kW | 360 sq. ft. | $7,000 |
| 5kW | 450 sq. ft. | $8,750 |
| 6kW | 540 sq. ft. | $10,500 |
| 7kW | 630 sq. ft. | $12,250 |
| 8kW | 720 sq. ft. | $14,000 |
| 9kW | 810 sq. ft. | $15,750 |
| 10kW | 900 sq. ft. | $17,500 |
You can now apply to the Nevada State Office of Energy for a tax property abatement for tax abatement if you have an installed renewable energy source such as solar and wind.
You can have up to 55 percent of tax abatement for 20 years if you apply although make sure you pass their requirement. Your system must be able to produce 10 megawatts and planned to be up for a minimum of 10 years.
Savings
Since Las Vegas has a subtropical desert climate, you will surely save a lot with your reduced electrical bill. Having a solar panel system is not just good for the environment, it’s also good for the people. Having solar panels installed will also increase the value of your property.
Top 10 Solar Companies in Las Vegas
1. Sol-Up Inc
Sol-Up Inc. emphasizes its latest technology optimization for new and better solar panel systems. They aim to always provide materials and solar panels fit for the extreme Southwest conditions. They are ranked as the number one residential installer by Solar Power World in 2017.
Location: 4305 Dean Martin Dr # 150, Las Vegas, NV 89103, United States
Contact Number: +1 702-357-9630
2. 1 Sun Solar Electric
This company aims to bring solar systems to both commercial businesses and residential homes. The company is made by a team of professionals that has the vision to reduce your electricity bill and carbon emissions.
Location: 2708 S Highland Dr, Las Vegas, NV 89109, United States
Contact Number: +1 702-309-9300
3. Arcadia Solar
Helping you with switching to a more reliable, clean, and affordable energy. They also offer a way to monitor your system’s performance in real-time with their WattWise technology.
Location: 3111 S Valley View Blvd, Las Vegas, NV 89102, United States
Contact Number: +1 702-534-2605
4. Direct Solar
If you are new to solar energy systems, Direct Solar might be the company for you. They focus on introducing their costumer to the process with their in-depth explanation and guides.
Location: 2225 E Flamingo Rd STE 200, Las Vegas, NV 89119, United States
Contact Number: +1 480-535-3366
5. Nevada Power Solutions
If you have a tight budget, Nevada Power Solution might be the company for you. They aim to provide energy-saving solar panels as well as other home improvement facilities with the lowest price possible that.
Location: 817 S Main St, Las Vegas, NV 89101, United States
Contact Number: +1 702-703-2427
6. SolarX Energy Solution
SolarX aims to reduce your energy consumption at home and save you money in the long run.
Location: 8535 Edna Ave #100, Las Vegas, NV 89117, United States
Contact Number: +1 877-976-5279
7. Solaire
This company offers a hassle-free three-step process. Solaire also offers a 30-year warranty for some of their solar panel options, it’s one of the longest warranties in the whole country.
Location: 4330 S Valley View Blvd UNIT 104, Las Vegas, NV 89103, United States
Contact Number: +1 702-744-7654
8. CSE Solar Solutions
CSE Solar Solutions offers a wide range of solar system materials to choose from. They also have an online shop you can check out.
Location: 1620 S Decatur Blvd # F, Las Vegas, NV 89146, United States
Contact Number: +1 877-773-8838
9. Nevada Solar Group
The Nevada Solar Group is comprised of highly qualified specialists with a long amount of experience in the solar energy industry. If you want a one-stop-shop for your solar energy needs, the Nevada Solar Group is the one for you.
Location: 5145 S Arville St, Las Vegas, NV 89118, United States
Contact Number: +1 702-899-5577
10. Sunpro Solar
This company is ranked 2nd on the 2021 Solar Power World’s Top Residential Solar Installer list in the United States, ensuring you receive good service and high-quality products. They may be new as they are established in 2008 but they have proven that they can offer a good service for the residents of Nevada.
Location: 1650 E Helm Ave Suite 200, Las Vegas, NV 89119, United States
Contact Number: +1 702-541-9776
Things To Know When Installing Solar Panels In Las Vegas
Now that you have enough information when it comes to solar panel system installation, costs, and companies, it’s time for you to learn more about the actual way you can get the most solar energy.
Installing a solar panel system in Las Vegas will not disappoint you. The state of Nevada can offer an average of 280-310 sunny days annually. Even in the winter season, Las Vegas is relatively dry so you can still harness solar energy albeit a smaller amount than usual sunny days. Las Vegas also has 6-7.5 peak hours a day which is enough time to store solar energy.
To have the most optimal harvesting of solar energy, your solar panel must face south with an angle of approximately 36 degrees. This will ensure that you have the most sunlight possible. If you have an adjustable solar panel, you can adjust the angle according to the weather. If it’s already winter, you can adjust it to a 50-degree angle for the most sunlight possible. For summer, you can tilt it to a 9-21 degree angle to lessen cooling costs.
Know that if you have further questions and inquiries about these things, you can talk about it directly to the company that will install your solar panels.
Summary
Knowing the installation cost and benefits of switching to solar energy, I think it’s safe to assume that solar power is a great option for Las Vegas residents. While the initial costs of solar panels in Las Vegas might be high, the long-term benefits are well worth the investment.