As a homeowner, you’ve probably got a list of home improvement ideas you wish to make to your home. If your electric bill is high, and you want to reduce your carbon footprint, you may want to consider adding solar panels to that list.
There a ton of benefits to solar energy, and its nice thought to produce your home’s power without relying on the grid. Like any home improvement project, however, you may be wondering the long term benefits associated with ‘Going Solar’.
How much do Solar Panels cost in Las Vegas?
In order to calculate an estimate of your solar system, you need to know how many kilowatts your solar system will be able to generate. The average price per watt in 2019/2020 was around $3, and the Center for Sustainable Energy states that the average residential solar system has a total capacity of 5 kilowatts. Based on these numbers, you can expect to spend around $15,000 on your solar system. Fortunately, you don’t need to break the bank to get solar panels for your home. American Energy and Solar can help you bundle this into the cost of your mortgage to be able to amortize this expense. Check out our mortgage and solar power calculator here to get an idea of what your new mortgage could look like with solar power.
So, how much are solar panels in Sin City, Las Vegas? As of February 2021, the average solar panel cost was $2.64/W. Let’s assume you would require a solar panel system size of 5kW, an average solar installment would range anywhere between $12,000 and $16,000. The Average gross price for a solar installment in Las Vegas Nevada is about $14,000 in 2021. To calculate your total costs (and you potential system size) try out American Energy and Solar custom Solar Calculator! Find out your potential system size, monthly/yearly savings, cash rebates and more! All without getting in contact with a AES expert. Enjoy the freedom of hassle free solar information today!
What are the typical installment costs for Solar Panels in Las Vegas?
The average solar panel cost in Las Vegas (for a residential location) is about $14,000 in 2021.
Are Solar Panels worth it in Las Vegas 2021? Are solar panels a ripoff?
Let’s run some numbers based on the average homeowner to help give you an idea of what your savings could look like. Over a 30-year span solar panels save homeowners around $19,000 in energy expenses. Based on the average solar system cost of $15,000, this homeowner has already recouped their entire expense as well as saved thousands of dollars on their electricity bill. If this homeowner then chooses to sell their home, they can then increase their asking price by an average of $9,274, increasing their return on investment even further. This example person has not only completely recouped their investment, but has also made a return of $13,274. Millions of Americans have already decided to make the switch to sustainable energy because it just makes sense.
According to the Office of Energy Efficiency and Renewable Energy, Solar Panels are assets to a residential home. The problem arises when the home owner hasn’t fully paid off their solar system when the house is up for sale. In this circumstance, the panels become more of a hinderance than a selling point for both the home owner, and perspective buyer. At AES, we take advantage of today’s historically low interest rates, and recouple your solar system installation costs with the remainder of your mortgage. The result is a lower monthly mortgage payment, and a non-existent energy bill. All at $0 down. Thus, bypassing the frustration of owing money on your solar system when its time to put your house up for sale.
Do solar panels increase home value in Nevada?
Solar Power installments for residential homes in Las Vegas has shown to increase the home’s general value. Studies by the US Department of Energy estimate a home’s real-estate value would increase up to $4/Watt. In other words, a 4,000-watt installation would increase a home’s value by $16,000 (and its only going up from there!).
Solar Panel Nevada Tax Incentives
The EPA offers tac credits to homeowners who install solar energy systems. Over the last year, the tax credit was 26% of the total cost of your solar system. Most solar companies tend to take the tax incentive as profit. Make sure you read the fine print to ensure your ability to access these funds!
For example, lets say you spent a total of $28,000 on your solar panel installation. That means you would be entitled to an incentive of $7,280. With Biden’s presidency, this tax incentive may be here to stay, but it is not guaranteed that we will continue to see this incentive in years to come.
Is bird protection for solar panels needed in Las Vegas?
Cleaning Solar Panels in Las Vegas can be gruesome. Solar Panels require little maintenance, but do need to be cleaned every so often. This can be done with a soft sponge and some tap water. If you are in an area full of bird and pigeon droppings, it is more likely that you will need to clean your panels more regularly, and thus more likely your panels my be scratched or damaged. In those scenarios, it might be wise to purchase bird protection for your solar system.
For more information on all things solar, contact AES experts today!
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