Nevada Incentives
123SolarPower is North America’s top network of energy auditors and solar panels Nevada experts. With hundreds of locations in the U.S. and Canada, we connect homeowners and businesses with the best-localized renewable energy solutions. Our professionals are ready to guide you through a renewable energy evaluation, as well as the solar panel sales and installation process. The unique topography and sun exposure in Nevada allows our experts to help with solar panels Las Vegas, solar panels outside Las Vegas, and we can even go as far as solar panels Nevada desert. Our professionals are ready to guide you through a renewable energy evaluation, as well as the solar panel sales and installation process.
Nevada Solar Power
As the state with the third highest total solar capacity per capita, Nevada is leading the way with its renewable energy efforts. The state is on track to reach 20% renewable energy by 2015. A full 5% of that energy will come exclusively from solar power. In 2007, Nevada unveiled the world’s largest photovoltaic power plant of solar panels near Las Vegas.
While Arizona currently boasts the largest photovoltaic power plant in the world, Nevada has continued to see significant solar power growth. Between 2010 and 2012, the state’s solar electric generation more than doubled from 217 GWh to 473 GWh. By 2013, generation had increased all the way to 749 GWh. Several new solar projects are in various stages of development, including two different 350 MW photovoltaic power stations.
State Tax Incentives
Although Nevada doesn’t provide a state solar power tax credit or sales tax exemption, it does offer solar power rebates of $400/kW for up to 25kW. That incentive can give you several thousand dollars in a fairly short amount of time.
While solar farms receive a property tax exemption, Nevada does not currently provide one for home solar power systems. But they do provide favorable net metering terms, as well as solar power performance payments of 2.45 PECs/kWh. When you receive a solar panel installation Las Vegas, net metering allows you to sell excess solar electricity back to your utility provider to reduce your bill. While solar farms receive a property tax exemption, Nevada does not currently provide one for home solar power systems.
Federal Tax Incentives
You can receive a tax credit from the federal government for installing residential solar panels. Over the last six years, the Energy Policy Act of 2005 has been expanded multiple times. It currently provides a 30% tax credit for the costs of using a renewable energy system. You can receive a tax credit from the federal government for installing residential solar panels.
Claiming this significant tax credit from the federal government is easy. All you need to do is include IRS Form 5695 with your tax return. In addition to claiming the full credit for your primary residence, you can also claim a partial credit for a system installed at a vacation or rental home where you spend part of the year.
Thanks to the incentives offered by both Nevada and the federal government, now is the perfect time to seriously consider installing home solar energy. Installing this type of renewable energy system will eventually pay itself off while drastically reducing your own energy consumption costs.
Help For All Nevada Residents
123SolarPower is the leading choice for solar panels Las Vegas, NV. We work exclusively with partners who provide the industry’s most advanced equipment across the state. Investing in solar panels is a smart decision that will continue to benefit you. To get a free installation estimate and find out more about which incentives can help you save big, fill out the above form and once our experts determine your needs they will reach out to you. You can also get in touch with one of our solar power providers by calling 800-294-2397.
