Before investing in a solar panel system, Nevada homeowners should keep an eye out for solar incentives. Financial incentives can significantly reduce the upfront cost of installing solar panels, effectively saving you money and making the process more manageable. There are several federal and state incentives designed to encourage solar adoption. To take advantage of these incentives, you need to learn about the programs and the eligibility criteria. But is it possible to get free solar panels in Nevada? Keep reading to find out.
Are There Any Free Solar Panels in Nevada?
Technically, there are no programs that offer free solar panels in Nevada. Oftentimes, “free solar panels” is a solar scam sketchy companies use when having hidden fees. However, there are ways to get started without the high upfront investment cost, such as a solar power purchase agreement (PPA) and solar lease. Both types of arrangement are great money-saving options but have some downsides:
- You do not own the system, meaning you have limited control over it
- You may not be eligible for federal tax credits or other solar incentives
- You are agreeing to set terms and conditions
- You might find the arrangement makes it difficult to sell your home
Nevada Solar Incentives
While there are no free solar panels in Nevada, the state offers several incentives that can help residents reduce the costs associated with solar systems. These include:
Net Metering
This is one of the most beneficial solar incentive programs in Nevada. The electricity billing mechanism allows you to push back any excess energy generated by your solar system onto the grid. In exchange for the excess energy, you receive credits which you can use to offset your next monthly power bill. That way, you get to reduce your future electric bills and potentially save money.
Renewable Energy Bill of Rights
The state of Nevada has friendly solar energy laws meant to motivate homeowners to switch to solar. For instance, the Renewable Energy Bill of Rights prevents HOAs from banning solar panels, thereby protecting every resident’s right to install solar panels on their property. The bill guarantees that each person who is a resident of the state may generate, consume and store solar energy and receive fair compensation for excess energy generated.
Federal Solar Tax Credits
In addition to state solar incentives, Nevada residents can take advantage of the federal solar investment tax credit. Under this federal program, homeowners who own a solar panel system can claim a tax credit of up to 30% of the total cost of the system. This reduces the amount you owe in federal income tax.
Make the Solar Switch With Help From Solar Optimum
Solar Optimum is your go-to company for everything solar related in Clark County and the Greater Las Vegas area. We have been providing premier solar, battery storage and roofing solutions since 2008. We have different programs designed to make the switch to solar easy for you and help you become 100% energy independent. Contact us to learn more about solar panel financing options or download our Ultimate Guide to Going Solar.
