Nevada ranks #16 in America for savings from installing solar panels on your home
Our complete guide to solar power in Nevada
Solar power in Nevada
Especially with the recent return of net metering now is as good as any time to go solar. NV Energy in order meet their RPS quota are offering rebates to their solar customers alongside their net metering program crediting energy exported to the grid at 95% the retail rate.
30% of the system cost may also be claimed as a deduction to federal taxes after factoring in your utility rebate. Already about 35% of your investment is payed for through tax credits and rebates.
For every 80MW of solar installed utilities are allowed to reduce net metering credits by 7% down to 75% and NV energy as they approach their mandated RPS target are likely to remove their rebate program. Every home and business owner in Nevada should go solar now before it's too late.
Even if you're still on the fence about going solar it doesn't hurt to get a free estimate by entering your zip code below.
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Nevada solar power facts
$3.52
/watt
Average cost of a 5kw solar power system in 2018
Price shown before incentives
10 Years 6 Months
Average payback time
$35,677
Average lifetime savings
Price shown after repayments of capital
5¢
/kWh
levelized cost of solar energy
19¢
/kWh
If you don't get solar
The forecast average utility price over the next 25 years
13,500
kWh
Annual power production
Cash flow graph based on cash purchase of a 8.42kW system
This 8.42kW system would offset 100% of your energy usage if your typical monthly bill in Nevada is $117, however your situation may vary so try our solar calculator to get a result tailored to you.
Solar companies in Nevada that provide pricing through the Solar-Estimate marketplace
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Compare solar quotes from the top solar companies in Nevada
Compare solar quotes from the top solar companies in Nevada
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How much do solar panels cost in Nevada
$3.52 per watt
Cash purchased solar system
Before 30% solar tax credit
$3.89 per watt
Financed solar system
Before 30% solar tax credit
17.1¢ cents/kWh
Lease/PPA
Av. 15 year term, 2.5% price escalator
What are the pros and cons of buying solar panels for your home in Nevada
The advantages of installing solar panels in Nevada is that besides 30% of the cost being covered Nevada also has excellent sun exposure so panels produce a lot more than they would in other states.
The disadvantages of installing solar panels in Nevada are the not so good incentives but that is set to change very soon. Calculate the cost and savings you are likely to get from installing solar panels for your home.
Best solar companies in Nevada
Find local city information
Best brands of solar panels
To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.
However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.
For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.
Unlock live pricing on the best solar panel brands!
How much electricity will solar panels produce in Nevada
Solar panels produce different amounts of energy in different locations.
Around the Las Vegas area solar panels installed on a south facing 29 degree pitch roof will typically produce:
1,471kWh per year per 1kw of peak DC (direct current) capacity
For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.
See how much electricty your solar panels could produce
I want to buy a solar panel kit and install it myself
What rebates, solar tax credits and other solar incentives are available in Nevada?
There is no state level tax credit, however NV Energy provide a rebate program alongside the 30% federal solar tax credit
Net Metering in Nevada
Net metering requires utilities to credit unused solar generation sent to the grid at or close to retail value. Considering the level of sun in Nevada and that most home owners aren't using power during the day, net metering can save or even make you a lot of money!
When more power is exported than drawn from the grid credit is given at the same rate to future bills withing the same 12 month billing cycle. Remaining credit at the end of those 12 months is deposited into your account.
Through a vow by several solar groups to remove any politician who stood in the way of net metering solar friendly representatives were elected to the house and the senate including Govenor Sandoval. Net metering returned mid 2017 and mandates that utilities must credit excess solar generation at 95% the retail value!
It's best to hurry up since net metering returns will reduce to 88% of the retail power price after 80MW of solar are installed and the next 80MW of installed solar will make returns reduce to 81% then after the final 80MW net metering will only credit at the minimum tier at 75% of the retail power price. This could mean a few more years your solar system will need to pay for itself.
NV Power rebate program
NV energy offer a $245 per kW rebate reducing the cost of a standard 5kW system by $1,225. While it doesn't seem like much this will take about 1-2 years off your payback time.
Simplified Nevada Interconnection guidelines
Connecting to the grid isn't as much of a bureaucratic headache compared to some other states. I wouldn't worry about this since your solar installer handles all this.
Nevada Solar Calculator
Regardless of what you want to know about the economics of installing solar panels for your home or business in Nevada we have a solar calculator that can show you exactly the information your require.
You can either use our full monty solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.
What you can find out about installing solar panels in Nevada using our full monty solar calculator
This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:
- What size solar system do you need?
Answers the question of How many solar panels do I need? - How many square feet of roof space you need for solar panels
- Solar electricity production in annual kWh (kilowatt hours) you can expect from your solar system in Nevada
- The value of solar tax credits and other incentives you are entitled to based on the estimated size of system you need, your location and your utility provider.
- Likely cost based on an average of prices charged for solar systems of that size in the last year in Nevada or Las Vegas ;
- The likely payback period on your solar panels and your investment return.
- Your total lifetime solar savings based on each of the major solar finance options, a cash purchase, a cash purchase funded with a HELOC sol (home equity line of credit) and a zero down PPA or third party lease product.
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
Unlock live pricing in your state!
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
Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
Useful links
Net Metering Returns!
PV Magazine - Nevada net metering breakthrough
http://www.seia.org/state-solar-policy/nevada