Home Solar in Nevada:
Local installers, tax credits, and rebates.
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Nevada residents who experienced power outages in a span of ten years¹
Prices have fallen 54% over the last 10 years²
Average yearly savings for homeowner's who switch to solar³
Nevada is one of the sunniest places in the United States and boasts over 61,000 solar system installations across the state. Much of Nevada is desert. It is home to the city of Las Vegas, where 75% of its inhabitants live. Nevada state government policies provide almost no solar tax incentives. Despite relatively low energy prices and only moderately encouraging utility policies, the sheer abundance of sun can make Nevada a favorable place for businesses and residents to install solar panels and battery systems.
Let’s learn about some of those incentives, the utility policies associated with interconnection and setup, and special solar financing plans for solar panels and battery systems in Nevada.
Incentive Programs, Tax Credits, and
Solar Rebates in Nevada
|Federal ITC - 30%||Solar PV systems installed in 2022 - 2032 are eligible for a 30% tax credit. The credit can only be claimed by on the original installation of the solar equipment located at a residence of yours. You must also purchase it using cash or financing, but you're not leasing the system or paying a solar company for the electricity produced by the system.|
|Instant Rebate from EnergyPal||EnergyPal secures group discounts by leveraging the depth of our network. We pass these savings onto homeowners every day!|
|NV Energy - Energy Storage Incentive||PowerShift by NV Energy offers incentives to help offset the cost of installing residential solar integrated energy storage systems from 4 kW up to 100 kW capacity. The maximum incentive is $0.19 per watt-hour for customers on a time-of-use (TOU) rate and $0.095 per watt-hour for customers not on a TOU rate. The incentive payment is capped at $3,000 per premise for TOU rate and $1,500 per premise for non-TOU rate, or 50% of the equipment cost, whichever is less. NV Energy offers a Guaranteed Lowest Rate for customers if they are on the TOU rate for at least 12 months. If after the first 12-month period we find that you have spent more on the TOU rate than you would have spent on the standard rate, we will refund the difference and restore you to the standard rate (if you choose).|
|NV Energy - Energy Storage Incentive||Payout is done after interconnection to the 'payee' in the application. NV Energy will provide a payment only to those payee's who have provided a W-9 via Bank Check.|
Find The Best Deals On Home Solar In Nevada
Nevada provides no solar energy rebates or incentives that help to reduce the overall cost of solar systems. There is one battery incentive available, and you can still take advantage of the federal investment tax credit. Our EnergyPal Advisors can help you navigate all of the solar incentives available in Nevada and also apply them to the available solar panel offerings.
- Nevada Energy offers a $0.08 to $0.19 per watt-hour incentive for solar-battery or battery systems.
Nevada Rebates and Tax Breaks
Here are more details about the incentives available in Nevada:
- Nevada Energy offers a $0.16 to $0.19 per watt-hour incentive for battery system customers on a time-of-use rate plan and a $0.08 to $0.095 per watt-hour incentive for battery customers on other rate plans. The maximum payment is $3,000 for time-of-use rate customers and $1,500 for other customers, or half of the cost of the battery, whichever is less.
Other Solar Energy Incentives
The US federal government helps residents and businesses pay for their solar systems. The federal investment tax credit (ITC) allows for a tax deduction of 30% of the cost of a solar system currently. Tax credits can be rolled over if you can’t use the whole credit this year. The ITC cannot be claimed for solar leases or power purchase agreements (PPAs) where the third party financier takes the credits themselves, but that is typically baked into a reduced lease/PPA monthly for you.
If you purchased a $20,000 system, your savings from the federal tax credit would look like this:
$20,000 X 0.30 = $6,000 savings
If you spent $20,000 on that system, your cost would go down to $14,000.
Utility policy factors determine what your utility provider pays you for the excess power you produce and what you save on your power bill by reducing electricity usage. Nevada gets a medium to low score for utility policies.
Net Metering and Interconnection Policy
One important policy for solar customers is called Net Metering. Net Metering is a billing mechanism that allows solar customers to push electricity to the grid for credit that can be used later, like at night when your solar panels aren’t generating power. This incentivizes people to go solar, provides clean energy for others to use and prevents waste. Some states have poorer net metering policies than others, meaning that credits may not be able to be rolled over to the next month or year, or that you don’t earn full watt-for-watt credit for your excess energy.
Nevada’s Net Metering program is reasonable. You are paid 75% of the retail rate, depending on your utility provider. This rate policy remains in effect for 20 years. Credits can be carried over into the next month and sometimes into the next year. You can connect a system up to 25 kW in size. The exact details depend on your electricity provider’s policies.
Solar Setup Fees
You must have a bi-directional meter (necessary for Net Metering). You must pay for any costs associated with meters, system upgrades or interconnection.
Electricity prices in Nevada are on the low end. Usually you don’t want high prices, but with solar, the higher the prices, the more you save, and the more economical a solar system becomes.
According to the US Energy Information Administration, the average total cost of electricity in Nevada is $0.116 per kWh for residents. The national average for all states is $0.134 per kWh, ranging from $0.967 to $0.288 per kWh.
Rate designs are comprised of monthly fees and either a flat or tiered rate you pay for electricity. Good rate designs, which save you money when you conserve energy, are tiered and have low fixed monthly fees. Poor rate designs have flat rates and high fixed monthly fees.
Nevada is below average when it comes to the quality of its electricity bill rate design. It has flat or time-of-use rate programs and high fixed fees (around $13–$32 per month).
You still pay fixed monthly fees when you go solar because you are still tied to the grid. Being tied to the grid is a good thing, because otherwise you might not have power at night or if your system stopped working suddenly. Even if you go off of the grid and rely on a battery source, the high cost of the battery would not outweigh the monthly fee and the savings obtained from a net metering program.
PACE stands for Property Assessed Clean Energy and is a financing program for solar projects that is tied to the home instead of the homeowner. The PACE program is not available in Nevada.
Home Solar Financing in Nevada
There are three pathways to powering your home with solar energy in Nevada: purchasing the solar system outright, obtaining a loan for its financing, or opting for a leasing program. Solar systems can be financed by bank loans, solar installer financing, new home mortgages, energy loans and home equity loans or lines of credit. Cash works too. Regardless of your choice, solar panels can reduce your home energy expenses, contributing to financial savings and a cleaner power supply. Our Energy Advisors can guide you to the best solar deals in Nevada. Here's a comparison:
- Optimal Return-On-Investment
- Potential Reduction of Bills to near $0
- Enhances Property Value
Outright Solar Purchase: Homeowners with a stronger financial position often cover the full cost of solar upfront, yielding the highest return-on-investment over the system's lifespan. By paying in cash, homeowners in Nevada can claim tax credits and rebates, avoid interest charges, and directly enjoy the savings on their electricity bills. Some of our customers experience virtually no electricity expenses from the moment they install solar. We offer top-tier products at attractive cash prices.
- No Initial Expenses
- Ownership of the System
- Appreciates Property Value
Solar Loan Financing: Utilizing a solar loan enables you to save and own your solar system, as our financiers cover the upfront expenses (similar to an auto loan). Homes equipped with solar systems command higher value due to their lower operational costs. Depending on the chosen solar loan, you can achieve greater monthly savings or complete your financing earlier. Our team will help you secure the most favorable rates and terms to match your requirements. To learn about our latest offerings, connect with us
- No Initial Investment Required
- Complete Maintenance Coverage
- Lower Monthly Payments
- Guaranteed Rates
Solar Leasing: Leasing solar panels provides an accessible and cost-effective path to solar adoption. With zero upfront costs—often referred to as “$0 down solar financing“—installation and maintenance are entirely managed, and your home benefits from the energy generated by the solar panels. You pay a consistent monthly fee and save compared to your existing electricity bill. The reduced electricity rate are what many homeowners like about this option.
Talk to your EnergyPal Advisor about financing solar options in Nevada. We regularly source the best deals and terms for our customers. Let us guide you through the finance and application process from A-Z.
Find The Best Deals On Home Solar In Nevada
Frequently Asked Questions
Is it worth going solar in Nevada?
In most cases, yes, solar will save you a significant amount of money. Solar panels produce electricity and reduce how much power you have to purchase from your electric company. The typical homeowner in Nevada pays around 17.43¢ cents per Kilowatthour.
What is the payback period for solar panels in Nevada?
Homeowners who install a solar array sized to meet 100 percent of their energy needs can still pay off the upfront cost in as little as 5-6 years. The typical payback period in Nevada averages 7 years.
How much are solar panels in Nevada?
As of August 2023, the average solar panel cost in Nevada is $2.6/W. Given a solar panel system size of 6 kilowatts (kW), an average solar installation in Nevada is $10,920 with 30% tax credit applied.
What incentives are available for solar in Nevada?
Solar installations in Nevada are eligible for the 30% solar tax credit. Connect with us to learn more about all the local Nevada incentives, tax credits & rebates you qualify for.