Is Solar Worth It in Nevada?

Now that the green revolution is here, one question will undoubtedly run on your mind; is solar energy worth it in Nevada? Well, the answer is an absolute YES! Installing solar panels in Nevada is a worthwhile investment. Here are the reasons why Nevada is excellent for solar energy installation.

Year-Round Sunshine

Nevada has more sunshine than most states. When you install solar panels, there will always be an infinite power source for them to draw from. According to BestPlaces, Nevada gets 294 sunny days per year, so you never have to worry about your panels running out of juice.

Tax Incentives

When you hire a solar installation company in Nevada, you can claim the Federal Solar Investment Tax Credit (Solar ITC). As of 2022, you can deduct up to 26% of the initial installation cost from your federal income taxes (in 2023, it will be 22%). The ITC only applies to those who purchase their solar systems outright with a solar loan or a cash purchase.

Nevada also has a net metering system that gives credit to residents and business owners for the electricity generated by their solar panels. The net metering rules apply according to your utility company:

• Those who live within Valley Electric Association’s service area don’t receive full credit for the excess solar electricity they supply to the grid. Instead, the credits they receive are worth 75% of the rate they pay to the utility company.
• NV Energy customers receive a credit worth 75% of the market rate of electricity for excess solar production.

There’s no better time to take advantage of the year-round sunshine in the state.

Zero Demand Response Charges

Typically, Nevada residents pay higher electricity bills due to demand response charges. Utility charges often increase when demand is high. It could be during the hot summer months when many people crank up their air conditioning systems, creating higher electricity demand. But, with a solar system, a significant chunk of that demand gets absorbed by the solar energy you generate.

In periods of peak sunshine, your solar panels are likely to convert more energy than you need. That energy can be stored in batteries for later use or supplied to the grid. You won’t be vulnerable to demand response charges if you have a solar energy system, translating into long-term savings.

A Solar Energy System Increases Your Home’s Value

Anyone asking, “Is solar worth it in Nevada?”, needs to consider its value-adding benefits. Solar panels can potentially increase your home’s value. Homebuyers are increasingly opting for environmentally friendly solutions like solar. Therefore, installing solar panels makes your home more attractive to potential buyers when you decide to sell.

Join the Solar Energy Revolution Today

With long-term savings, fewer carbon emissions, and value-added benefits, it’s easy to see why solar energy is a heavy hitter in renewable energy. If you’re ready to install solar panels on your Las Vegas home or commercial buildings, Cooper Roofing & Solar is your go-to expert. We’ve provided top-notch service to Southern Nevada homes and businesses for more than 45 years, and we’re ready to serve you next. Contact us today for a free solar installation estimate.