With more than 6 peak sun hours, Nevada is in the Top 3 of our solar rankings. This means that living in Nevada you can go solar without worries - your solar panels will definitely pay for themselves. And if you want to speed up the process, take advantage of solar incentives and rebates in Nevada.
The US government wants more people to go solar: it’s a modern and green way of getting energy. This is why the Solar Investment Tax Credit (ITC) program was developed. It allows American citizens to claim 30% of the cost of their installation as an income tax deduction. The cost here is not only solar panels, but also shipping, installation expenses and more. For example, if your system overall made you spend $10,000, the government returns you $3,000. To claim the ITC, complete all the necessary forms and submit them when filing your taxes.
Solar laws in Nevada oblige all investor-owned utilities to offer net metering. Net metering allows residential solar owners to put the excess electricity into the utility grid instead of storing it with batteries. When you sell your solar power to the grid, you receive credits that can be used to offset your next bills. The value of the credits is equal to 75% of the retail rate. These conditions won’t change for 20 years after a customer joins the program.
NV EnergyNV Energy serves more than 2.4 million customers in Nevada. It is the only company subject to regulation by the state’s Public Utilities Commision. Smaller local players may use different approaches to net metering. For example, the Harney Electric Cooperative credits its customers based on the wholesale rate, which is lower than the 75% offered by the largest utility.
Portfolio Energy Credits are certificates granted to any person or entity upon generation of each kWh of clean electricity. Unlike with net metering, you don’t need to sell any electricity to get credits. There are two web platforms to store and sell them: NVTREC and WREGIS. The value of PECs is always changing, which makes them similar to stock market assets. Based on the available data, selling PECs could mean anywhere from $300 to $1,000 annually for a 10kW solar system. To participate, register your system with the Public Utilities Commission of Nevada.
A solar easement contract is a written agreement between you and another party, for example, your neighbor. This type of contract helps to ensure that your solar panels in Nevada will always have adequate sun exposure, protecting you from potential obstacles. It is voluntary, but can not be canceled unless a specific clause is included in the document. Once signed, it is tied to the land, not the owner. It must include the following elements:
A description of both properties Size, location and active hours of the solar equipment A list of obstacles allowed on the neighboring property or complete prohibition of all structures that might cast shadow on the solar panels
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Years of experience in translation and a love of nature help Julia find the right words to encourage going solar. She joined the team in 2023 and is happy to make her contribution to a greener future.
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