As all Nevadans know, there’s more to the Silver State than just the Las Vegas Strip: it’s also home to some of the strongest sunshine in the country. It’s no wonder that the Solar Energy Industries Association ranked Nevada as number 5 in its Top 10 Solar States. Take full advantage of that sunshine with Nevada solar incentives and rebates.
The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.
What are the best Nevada solar tax credits and rebates?
Homeowners in the Silver State can cut their solar installation costs thanks to these Nevada solar incentives and rebates:
Nevada net metering
Net metering gives credits to solar homeowners for the electricity that their solar panels generate. The net metering rules are different depending on your utility:
- NV Energy: NV Energy customers will receive credits worth 95% of the retail rate of electricity for their excess solar production. As more property owners install solar, credits available for new customers will decline in value. For every 80 megawatts (MW) of solar installed, credit values for new customers will decline by 7%, with a minimum credit value of 75% of the retail rate.
- Valley Electric Association: If you live in Valley Electric Association’s service territory, you can get credited for your solar electricity at the same rate you would pay the utility. This means that, if your solar energy system is the right size, you can cover all of your electricity use for the entire year.
Other top solar power incentives in Nevada
Solar access rights
Nevada has solar access laws that protect your right to install and generate electricity with solar panels. In Nevada, no contract or other legal document (like homeowner’s association bylaws) can prohibit homeowners from installing solar. You can also enter into a solar easement with your neighbors to ensure that you have continued access to sunshine – necessary for your solar panels to generate electricity!
The federal solar tax credit
Don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit be meaningful.