The rise in power utility bills has led to the tremendous adoption of solar energy in the United States. Las Vegas and the surrounding areas especially have experienced growth in solar adoption due to it being a prime location for solar panels because of its sunny weather and warm climates all year round.
There are lots of reasons for Las Vegas residents to join the solar revolution. This article describes five important reasons you should adopt solar energy in Las Vegas.
Increase Your Home’s Value
Installing a solar energy system significantly raises your home’s value, making it energy independent. The persons who will purchase your home will enjoy significant energy savings. Additionally, a well-installed solar energy system makes your home appealing and thus is likely to fetch more in the housing market. Notably, homes with solar energy systems sell fast and at a 17% higher price than homes without solar.
Electricity bills make up a significant percentage of household budgets. You can eliminate the stressing power bills by turning to solar energy. All you need is to purchase the equipment and pay the installation costs.
Nevada residents have access to a number of solar incentives and financing options to help cover the cost of equipment and installation. With solar energy, you can bring your monthly energy bills down to as little as a $10 interconnection fee.
Earn Solar Incentives, Tax breaks, and Rebates
Installing a solar energy system qualifies you to enjoy a federal tax credit that allows you to deduct 30% of your solar installation cost from your federal income taxes.
You also benefit from Nevada’s Energy rebate program, where you can earn as high as $245 per kilowatt. NV Energy also offers two different battery-storage incentive rates that add up to 20% of the total installed cost of the batteries.
Net Metering and Monetary Credit
You can earn money from the electricity you generate in Las Vegas. If you generate more power than you can consume, the power company buys the excess power from you and distributes it to other homes in your area.
Nevada passed Tier 4 of its Net Metering in June 2020, implying that homes and businesses that install solar energy systems qualify to receive monetary credits worth 75% of the retail price for every unit they sell to NV Energy for 20 years. The exciting part is that the rate is higher than in other states.
Solar Access Laws
Solar restrictions laws are prohibited in Nevada, allowing you to generate electricity with solar panels. By law, homeowner’s associations cannot deny you from installing solar energy systems in your home. The access laws prohibit any limitations individuals might place to block the installation of solar energy systems. Nevada aims to remain the leading state in renewable solar energy production and has eliminated any limitations to solar energy adoption.
Install Solar Panel in Las Vegas with Solar Optimum
Are you looking for the best solar installation company in Las Vegas? Look no further than Solar Optimum. We offer free consultation, flexible financing, design solutions, and installation services. We also provide premium solar panels with up to 25 years of warranties, battery storage, and roofing solutions. Contact us for any inquiries.