Despite the incredible benefits of solar power, homeowners encounter hurdles in an attempt to install solar panels. Consequently, legislative authorities have enacted several Nevada solar power laws to promote solar energy uptake.
Take a look at these favorable laws and learn how they’ll benefit you in your transition to solar energy.
Nevada Solar Power Laws
Nevada Solar Access Policy
This law overrides covenants, deeds, ordinances, and other legal instruments that unreasonably restrict a property owner from installing solar power in their home. In a nutshell, it curbs restrictions that may reduce the efficiency of a solar system by more than 10%.
What’s more, they prevent communities, e.g., H.O.A (Homeowners Association), from denying a unit holder the approval to install solar panels without reasonable cause.
Federal Solar Tax Credit
The federal solar tax credit is one of the critical Nevada solar power laws that keep changing. For instance, in December 2020, Congress passed an extension of tax credit laws to the end of 2022. As such, anyone that installs a solar PV system before the end of 2022 will be eligible for a 26% tax rebate.
Here’s how you can qualify for the solar tax credit.
- The solar installation date should range between 1st Jan 2006 and 31st Dec 2023.
- You should own the solar panel. Therefore, it disqualifies a leasing arrangement where homeowners pay to enjoy the power.
- You’re only eligible for the claim during the initial installation.
A point to note: Solar installations done in 2023 qualify for a tax rebate of 22%.
Assembly Bill No. 465
The AB 465 law enacts a provision that compels an electric utility to expand its solar programs equitably to benefit low-income households. The bill also creates a solar access program comprising 25% low-income earners to enhance the reach of solar power beyond traditional buyers.
In addition, it provides a mechanism to avail community-based solar resources to facilitate electric utilities. As such, low-income earners can take advantage of the state’s intervention to embrace solar power.
Senate Bill 407
This bill commissioned the Nevada Clean Energy Fund to provide financing and accelerate the uptake of specific clean energy projects of the state. The role of the fund is to act as an intermediary between traditional financial institutions and renewable energy projects.
Here’s how the fund will benefit home-owners looking to install solar power:
- The Fund will tap more investments into solar energy projects.
- It’ll create more efficient and lower-cost solar projects.
- Improve standards and transparency of qualified energy projects.
Assembly Bill 405
AB 405 is a vital bill that confers homeowners a right to access renewable energy and gives them an easy time when they face obstructions. Before enacting the bill, HOA could issue restrictions that’d bar homeowners from installing solar systems.
The bill strips HOA’s of this power and allows homeowners to request a neighbor remove obstructions.
Try Our Residential Solar Solutions
Congress and Senate have passed several laws that make solar installations affordable, accessible, and seamless. Solar Optimum is here to help take advantage of the favorable environment and multiple solutions available.
Contact us for a free quote.