Energy costs are continuing to rise time and again. Apart from that, over-relying on traditional energy sources like fossil fuels is straining the environment and causing unpleasant climate changes. Thankfully, solar panels offer a clean energy source that can reduce your energy cost and save the environment.
With Nevada being the third sunniest state in the US, it makes perfect sense why you should consider investing in solar if you’re living in Clark County, Nevada. However, many homeowners and business owners don’t find it worth investing in solar. Keep reading to learn whether solar panels are worth it in Clark County, Nevada.
How are Solar Panels Worth it in Las Vegas?
If you’re a homeowner who has invested in solar panels, your energy cost will decrease every year, especially if you’re living in Las Vegas. Here are the advantages that make investing in solar worth it in Las Vegas:
Cuts Down Your Energy Costs
Homeowners in Las Vegas get an average of 6.75 hours of sunlight every day. With good solar panels, you can produce enough power for your home during this timeline. Besides that, you don’t have to worry about cloudy days since most solar panels can also generate up to 20% during a cloudy day.
Offers a Higher Resale Value for Your House
Homes with solar panels have a higher resale value. This also works as considerable incentives for buyers placing bids on your property.
Works as a Long-term Saving Opportunity
On average, a person spends $4,800 per year on energy costs. Therefore, installing solar panels in your home can reduce your energy expenses and save enough money for other needs.
Reduces Carbon Footprint
Rather than increase the carbon footprint by consuming fossil fuels and traditional energy sources, homeowners with solar panels help reduce it. You can also generate enough power to put it back on the grid and reduce the overreliance on fossil fuels to generate power.
Guarantees ROI
As stated earlier, solar panels can still generate energy during cloudy days. Therefore, you will guarantee a return on your investment at times, even when it’s thought that you cannot generate power from the panels. Apart from that, you can put back energy in the grid and even cut down your overall utility cost.
Solar Incentives in Las Vegas
Homeowners in Las Vegas can enjoy solar tax credits and rebates to get the maximum benefit from their solar installation. Here are different types of solar incentives and rebates you can want in Nevada:
Nevada Net Metering
A net metering policy gives homeowners with solar panels credits for the power they generate. Utility companies provide these credits. NV Energy and Valley Electric Association will credit solar homeowners with 75% worth of retail rates for the excess power they produce and send to their grid.
Solar Access Rights
Under the solar access laws, all homeowners in Nevada can install solar panels without prohibition. This law also allows homeowners to assess their options with their neighbors to guarantee enough access to sunshine and continue generating electricity.
Federal Solar Tax Credit
Apart from state solar incentives, you can enjoy a federal solar tax credit by installing solar panels in your home. Under the current policy, homeowners can cut their costs by 26% if they buy their photovoltaic systems in cash or through a solar loan.
Get Your Solar Panels Today with Solar Optimum
Solar panels are undoubtedly a good option for cutting your energy cost. However, they come with a price you should be ready to pay. On average, installing solar in Nevada ranges from $22,000-$23,000+ depending on numerous factors including the overall system size.
You have a greater chance of getting and installing solar panels that suit your needs if you team up with a solar company. At Solar Optimum, we guarantee the best solar services for anyone who wants to install solar panels in their homes. Contact us today for a detailed consultation with one of our experts.
