Nevada Solar Information

Nevada isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Idaho offer net metering. As always in Idaho you are entitled to the 30% federal tax credit.
  • #3
    Nevada ranks in America for savings from installing solar panels on
  • #7053.83 kWh
    AC Energy output every year in Nevada in 4 kW system
  • #5.95 kWh
    Solar Radiation (kWh / m2 / day)
  • 7 ¢ /kWh
    The cost of electricity today in Mt Wheeler Power Inc
  • 15 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years

California Solar Facts

  • $1.64
    Average cost of a 4kw solar power system in 2019.
  • 7 years
    Average system payback period.
  • $30 093
    Average lifetime savings.
  • 3 ¢ /kWh
    Levelized cost of solar energy.
  • 4 kW
    Recommended system size.

Nevada is a very sunny state that gets over 300 days of sunshine a year. Nevada is the third-highest state for solar power in the country due to its high number of peak sun hours per day, which is 6.4 hours on average. The state’s dry and extensive landscape and cloudless skies for the most part of the year making it an ideal region for solar power adoption.

Nevada Solar Facts

  • As of today, the state is required to acquire at least 25% of its power from renewable sources by the year 2025.
  • Nevada ranks 4th in the nation in installed solar capacity, which is enough to power more than 600,000 homes.
  • Electric bills are higher in Nevada than anywhere else in the intermountain west, making the state # 1 in the list of the most expensive places to use electricity.
  • The average solar payback in Nevada is between 7.5 and 10 years.
  • There are solar access laws in Nevada that protect your right to generate power with installed solar systems. No legal document or a contract can prevent a homeowner from installing solar panels.

The Cost of Solar Panels in Nevada

The typical cost of a solar power system installation of the 5kW in Nevada ranges from $12,000 to $16,500. The prices of solar panels vary depending on the region where you live and are between $2.46 and $3.34 per watt. The above price of solar installation does not include federal tax Credit or any state incentive and rebates.

Nevada Solar Rebates and Tax Credits

The Federal Investment Tax Credit – is the government program also known as Investment Tax Credit (ITC). It allows you to claim 30 % of the total cost of the solar equipment and its installation as the tax credit and has no cap on its value.

Nevada Solar State Credit – Nevada does not have a state income tax, so there are no tax credits to redeem.

Nevada Solar Incentives

Net Metering Program – Net Metering is a program that allows you to sell your extra solar power in the form of the credit on your monthly electric bill. As of 2019, residents of Nevada can send their surplus solar energy back to the grid at 81% of the retail cost.

NV Energy Battery Storage Incentive – the utility company is offering a battery storage incentive that ranges from $0.11 to $0.22 per watt-hour of storage capacity depending on the rate plan. The rebate from the installation of a 14kWh battery will yield you $1,540 or $3,080.

  • How much do solar panels cost in Nevada
  • $1.64
    per watt
  • $5 584
    total
  • 7
    years

Pros and Cons of Buying Solar Panels in Nevada

Pros:

  • +

    Relatively short payback period

    The solar payback period is the time it takes a homeowner to pay off their initial investment on the solar power system through electricity savings. Some of the factors that play a role in a shorter payback period are lower solar costs, high electricity prices, or robust solar programs and incentives. Nationwide, the average solar payback period is just under 8 years. As of today, the typical payback period for Nevada ranges from seven and a half to ten years.
  • +

    After the payback period, solar power is nearly free

    Once you paid for your solar energy system completely, you will not only have access to free electricity but also can potentially make a profit by selling it.
  • +

    Great savings on a monthly electric bill

    Once your solar power system starts degenerating electricity, you can expect to save around $100 on your monthly utility bill. What it means is that you become less dependent on your local utility company and their utility rates, which are highly influenced by inflation. Over the course of 20 years, you can anticipate saving around $35,000 in Nevada.
  • +

    Helping the environment since solar energy is clean, sustainable, and renewable

    Sunlight is plentiful almost anywhere on the planet and is ready to be gathered without any harm to the environment. Solar energy is truly clean, renewable, and sustainable power source, besides it can save you a lot of money. It is well known that using solar energy instead of fossil fuels decreases our carbon footprint by reducing air and water contamination.
  • +

    Support from the government and the state

    When buying a solar power system, Nevada residents can enjoy significant savings of 30% tax credit thanks to the Federal Investment Tax Credit program. Furthermore, a great Net Metering program and cash rebates make the cost of going solar so much more affordable.
  • +

    Very low maintenance

    None of the solar panels on the market has any moving parts so essentially, there is no wear and tear with their operation. Due to this, solar panels are also completely silent when working. The only maintenance that they need is the occasional cleaning to keep them free of dirt and debris.
  • +

    Excellent warranty protection

    The majority of the solar panels today come with two kinds of warranties: performance guarantee and extended product warranty. An extended product guarantee ensures any repairs of defective equipment or breakage. The 25-year-long performance warranty guarantees efficient energy production for at least 25 years.
  • +

    Increase in the property value

    Recently, studies by multiple real estate companies showed that installing solar panels on the roof of your house undeniably adds value to the property. On average, adding a solar energy system will raise your house value by 4.1%. Moreover, not only houses with solar installations sell at higher prices but they also sell faster than houses without solar systems.

Cons:

  • -

    The possible high initial cost

    When you decide to go solar, you not only have to purchase solar panels, you also have to pay for all the solar equipment and accessories, and the installation of the system. This can make your expenses somewhat high. Nevertheless, with the availability of federal and state credit programs, local utility incentives and rebates, the initial price can go down significantly. In addition, going solar will start saving you money on your electric bill from day one.
  • -

    Must have a large, open area for installation

    The installation of an average size solar panel system of 5kW requires about 500 sq. feet of open space on the roof. That area has to be free of any shade from trees or other buildings for the solar system to work properly. At times, this situation becomes problematic for some homeowners. Luckily, you can also install the solar panels on the ground, provided they do have direct access to sunlight.
  • -

    Must be a property owner to install

    Unfortunately, today, PV system installations are mostly available to homeowners with good credit and good income. The solar benefits are not yet available to renters, people with low-income, or people without a job.

Is It Worth Going Solar in Nevada?

If you are still wondering whether getting solar in Nevada is a smart decision, the answer is yes. Nevada’s climate with so many sunny days a year makes for almost ideal conditions for solar adoption. When combined with the Federal Tax credit, cash incentives, and the lowest solar prices in years, the solar power installation can ensure clean and affordable energy solutions for many years to come.





According to Mt Wheeler Power Inc, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.
I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

Relevant product for your system

Entry-level solar panels
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Entry-level microinverter
See all microinverters
Entry-level inverter
See all inverters
  • Mini
  • Small
  • Medium
  • Large
We recommended
3.4 kW medium system size
Provides up to 80% of electricity consumption
$1.64 per watt
Average system cost
  • image rec 3
    11 x 325 watt
    solar panels
  • +
  • image rec 3
    11 x 300 watt
    microinverter
  • +
  • image rec 3
    1 x 5 000 watt
    inverter
$53.68
in month. Estimated savings
on your average quarterly bill
  • $5 583.76
    Estimated system cost
    Excludes 30% Federal Tax Credit.
    This price does not include the installation cost.
  • 7 years
    Average system
    payback period
  • $30 092.99
    Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

  • 7 ¢ /kWh
    The cost of electricity today in Mt Wheeler Power Inc
  • 15 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years
  • 3 ¢ /kWh
    levelized cost of solar energy

Get the results of the calculation in the mail

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