Even though Nevada residents have It is sunny 250 days a yearinstalling solar panels to take advantage of this advantage can be a bit difficult.
The state offers few rebates to help homeowners affordably install panels on their properties, and only small incentives from state governments and utilities. Nevada also has the most generous fiscal program at the state level.
Here’s a guide to what’s available in Nevada and how you can use it to make solar power more viable.
Compare Nevada solar panel incentives
| incentive | explanation | qualification | estimated value |
|---|---|---|---|
| federal solar tax credit | This national benefit allows you to deduct 30% of the cost of your solar panel system from your taxes. | Residents of Nevada | The national average cost of an 8kW solar power system is approximately $7,200 |
| net metering | Nevada residents with grid-connected solar power systems can sell their power back to their utility company for 75% of the retail rate | New solar customers Existing customers may be able to obtain higher rates. | 75% of the retail price of energy sent back to the grid depends on energy consumption and production |
| Solar heating incentives | NV Energy customers can qualify for up to 50% of their heating space or hot water system. | For hot water systems: NV Energy customers.For heating systems: NV Energy natural gas customers | 50% on solar heating systems up to $3,000. |
Nevada Solar Power Tax Credits, Exemptions, and Financing Programs
Nevada does not offer any special tax credits or financing programs for solar panels themselves. That said, there is at least one program offered by your state’s utility company that can help you build a large solar-connected home energy system.
Solar heating incentives
Nevada utility company NV Energy has a program that helps residents install solar thermal systems that collect solar energy and use it to heat water and heat their homes.
residents You can receive up to 50% discount on the cost The maximum solar rebate is $3,000.
Local Solar Panel Incentives in Nevada
Residents of Nevada’s major cities don’t receive much additional support from their local governments.
While there are no additional financial incentives for solar power at the local level, one city has made the process a little easier.reno We’ve streamlined the permitting process — often a major hurdle in solar power installations — to make it faster and less burdensome for customers.City too There are programs to encourage commercial property owners Introduce renewable energy.
Local rebates on solar equipment in Nevada
When it comes to solar-powered equipment, solar water heaters may be the most affordable option for Nevada residents.
The utility company NV Energy is offer financial incentives To offset the cost of a solar water heater. This program allows you to cover up to 50% of the cost of your appliance (up to a $3,000 limit).
The same solar incentives can also apply to solar space heaters, systems that collect the sun’s heat and distribute it throughout your home using fans and pumps.
Federal solar tax credits and incentives for Nevada residents
Nevada may be lacking in solar tax credits, but the federal government is making up for it in some way. The biggest incentive to know about is the Residential Clean Energy Credit.
This federal program will cover up to 30% of the cost of new solar installations between now and 2033 (this credit also applies to water heaters, wind turbines, geothermal heat pumps, fuel cells, and battery storage technologies). ).
While this federal incentive is generous, it doesn’t come directly into your pocket in the form of cash. In return, you pay less federal taxes. For example, if you installed a $15,000 solar array, you would be eligible for a $4,500 federal tax credit. That means he will pay $4,500 less in taxes next year.
Nevada Solar Energy Net Measurement Rules
Net metering is the most important economic incentive for solar power generation in Nevada.
For those unfamiliar with the concept, net metering allows customers to receive compensation for excess solar energy they don’t use by sending it back to the utility company.
Nevada net metering applies to all rooftop solar arrays less than 25 kilowatts. The redemption rate is divided into several tiers, all but one of which are exclusive to new customers.
This is Price breakdown You will be paid for the additional power that your solar panels generate.
- Tier 1: 95% of retail rate. This applied to solar customers who signed up from June 2017 onwards and before reaching the maximum number of customers for this stage in 2018. A customer who subscribes to this stage can keep his rate for 20 years.
- Tier 2: 88% of retail rate. This next sign-up lasted from 2018 to 2019. Even at this stage, customers who reach this stage can keep their rates for 20 years.
- Tier 3: 81% of retail rate. After launching in 2019, this net metering tier reached capacity and closed to new customers in 2020. Again, a customer who reaches this tier can keep his rate for 20 years.
- Tier 4: 75% of retail rate. This is the tier currently open to new solar customers. An unlimited number of residents can sign up (unless net metering rules are changed by legislative action). Again, customers who reach this stage can maintain that rate for 20 years.
Community Solar Project in Nevada
Not everyone owns a home where they can install solar panels. That’s where community solar comes in.
Community solar allows customers to subscribe to a portion of a commercial solar power plant. This means paying your electricity bill at a discount while supporting renewable energy projects.
In Nevada, utility company NV Energy has been working on a community solar power project since 2019. As of 2022, 2,000 customers have registered –Most are low-income households.
The program may grow: State law requires NV Energy Build 6-20 community solar power facilities.
Learn more about what NV Energy calls the Expanded Solar Access Program. Sign up on the utility’s website.
