Cost of solar in Las Vegas, NV

Electricity Consumption in Las Vegas

Electricity Consumption by Nevada residents averages 935 kWh per month. It ranks #16 in the nation for savings from installing solar panels on the home.

Find local city information


Solar power in Las Vegas, Nevada

NV Energy customers are eligible for a $245 per kW rebate for systems under 25kW. NV Energy also runs a net metering program valuing excess power sent to the grid at 95% of the retail value. Las Vegas has great solar generation meaning your savings from net metering are through the roof. After subtracting the rebate you may also claim 30% of the remaining cost as a deduction to federal taxes, you may do this spread over several years if you want. The Federal solar tax credit is set at 30% no matter the system size. With incentives this good you'd be mad not to install solar and don't wait too long as net metering returns are set to decline down to 75% of retail value.

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Nevada

The average cost of installing residential solar panels in Las Vegas, Nevada in 2018 is $3.40 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Las Vegas, NV is $17,000. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 8.42kW solar system in Las Vegas, NV

This system would offset 100% of your energy usage if your typical monthly bill is $117, however your situation may vary so try our solar calculator to get a result tailored to you.

$18,507

Net cost of system
Cash - after 30% solar tax credit

10 Years 6 Months

Average payback time

13,500
kWh

Annual power production


/kWh

levilized cost of solar energy

19¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 8.42kW system

Life-time savings on this system over the next 25 years

$35,677

(Prices shown after repayments of capital)

 


 

Solar companies in Las Vegas, NV that provide pricing through the Solar-Estimate marketplace

29

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Nevada

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,854 $8,482
4kw $10,164 $10,977
5kw $12,320 $13,306
6kw $14,280 $15,422
7kw $16,121 $17,411
8kw $17,808 $19,233
9kw $19,341 $20,888
10kw $20,720 $22,378

 

Design your own solar panel system for your home

Going solar in Nevada

Check out all of the ways energy providers of Nevada can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Portfolio Energy Credits State Performance-Based Incentive
NV Energy - RenewableGenerations Rebate Program Utility Rebate Program
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.