Going solar comes with numerous advantages; you can receive tax credits, cash incentives, or a reduction in energy costs through net metering. States use these incentives to encourage the adoption of clean energy.
Like other states, Nevada offers several incentives to citizens who embrace solar energy. We’ve highlighted the most significant for you. Find out if the government can pay for your solar panels or which incentives make the most sense.
Can Nevada Pay for My Solar Panels?
Nevada does not pay directly for your solar panels. However, the state offers several incentives for switching to solar energy. These incentives provide better value than the state paying for your solar panels.
Incentives to Consider When Using Solar Energy in Nevada
From exporting your excess solar power to earning tax credits, Nevada offers numerous incentives. Most of these incentives and rebates are available to anyone who uses solar energy. So if you want to benefit more from solar energy, watch out for the following incentives:
Nevada Net Metering
When you install a quality solar system, you will likely generate more electricity than you consume; this is the reason Nevada implemented net metering. The incentive allows you to export the excess to your local grid.
As a benefit, you will receive credits that you can use to offset your future electricity bills from the grid. If you have enough credits, you’ll never have to pay high bills again if your solar panels do not produce enough electricity.
The Federal Solar Tax Credit
The Federal Solar Tax Credit is another great incentive to consider if you go solar. The tax credit enables you to claim up to 30% of what you spent installing your solar panels. Unlike net metering, however, the tax credit is not available to all citizens using solar energy.
You must meet a set qualification criteria to receive the tax credits. Specifically, you must have purchased the system in cash or through financing to receive the credits. Furthermore, state agencies expect you to install the solar system at your residence to qualify.
Solar Access Rights
As a Nevadan, you can install solar power at your wish. Not even your homeowners’ association can prevent you from this project. Although not a financial incentive, solar access rights offer many benefits.
For one, the rights reduce the cost of applying for special permits to install solar energy. Furthermore, the rights protect you from liabilities like going against your HOA to install a solar system.
Learn More About Solar Energy Incentives From Solar Optimum
Nevada may not pay for your solar panels, but you are eligible for several financial incentives. These incentives include property tax exemptions, net metering, and federal tax credits for solar installations.
Our experts at Solar Optimum are always available to help you take advantage of these benefits.
Contact us today if you live in Las Vegas, Henderson, North Las Vegas, South Las Vegas, Boulder City, or Blue Diamond and we’ll help you take advantages of the available incentives and rebates.
