Nevada Solar Tax Incentives
In Nevada, residents can save BIG with solar incentives and rebates.
Nevada, known as the Silver State, offers plenty of tax incentives and solar savings for residents in the state.
Nevada Solar Tax Credits, Incentives & Rebates
SOLAR SAVINGS & THEIR VALUE
Federal Solar Tax Credit (ITC) – 30% of the total cost of your solar equipment
Local Utility Solar Rebates – Starting at $0.15/watt (W) – going up from there
Other Programs Offered – Varies (Net Metering)
Additional Rebates from your Local Utility
The state of Nevada has an Energy Renewable Generations Rebate Program.
As a homeowner within NV Energy’s service territory, you’re eligible for a great rebate from the utility if you install a solar panel system on your property. NV Energy pays residents $0.15 per Watt (W) up front to all of its ratepayers who choose to go solar. Keep in mind, as more solar systems are installed in the state, the value of the rebate is scheduled to step down. Considering that fact, now is the time to switch to solar – while the rebate rates are high!
Nevada also offers Solar Access Rights to their residents.
Their solar access laws protect your right to install and generate solar electricity via panels. In the state, no legal documents or contracts (including the Homeowner’s Association Bylaws) can prevent homeowners from installing solar. In addition, you can always enter into a solar easement with your neighbors if you want to ensure that you have continued access to sunshine – and that nothing can block your panels.
Federal Tax Credits
As you can see, Nevada solar incentives are fantastic for homeowners to reduce the costs of going solar. However, Nevada homeowners can’t forget about the amazing benefits of the federal investment Tax Credit (ITC). On top of state and local incentives, the ITC allows residents to claim 30% of their solar equipment and installation costs when filing federal taxes. When you combine all these incentives, you’ll be saving BIG on the costs of going solar.