With more than 300 sunny days a year, Las Vegas has some of the most favorable conditions for solar power generation in the country. If you are thinking about adding a solar system to your Las Vegas home, this guide will explain some of the details that you may want to consider about the costs of a solar installation, how you can save money, and some of the available incentives that can cut your costs even further.
How Much Does a Solar Installation Cost in Las Vegas?
The total cost of a solar installation will depend on how large of a system you need to meet your electricity requirements, the type of mounting solution, the cost of materials, and the cost of labor. The average price for a solar installation in Las Vegas is about $2.51 per watt, as of 2024, with typical system sizes ranging from 6,000 to 10,000 watts.
Available Savings & Incentives for Adding Solar
There are several programs in place at the state and federal level that can help you save money while installing your solar system, and earn credits on your solar system going forward. The largest is the federal tax incentive for installing solar. With the Inflation Reduction Act of 2022, the amount of the solar tax credit increased from 26% to 30%. That means that you can earn a credit at the end of the tax year that is worth up to 30% of the total cost of your solar installation, including labor. So, for a 10,000-watt solar system that would normally cost about $25,100 to install, the final cost after the credit would be $17,570. It is advised to check with your local CPA regarding the tax credit as it changes frequently.
If you are a customer of Nevada Energy, you can earn valuable rebates for installing a solar battery system, which allows you to use your solar power at night, during utility outages, or anytime you need it. For customers with time-of-use tariffs, the rebate is worth $190 per kilowatt-hour of battery storage, and for customers without time-of-use tariffs, the rebate is worth $95 per kilowatt hour. The rebate is limited to 50% of the total project cost, up to $3,000 total.
Nevada also offers a net metering program, where you can sell any excess power that your solar system produces to the grid, earning you credits on your electrical bill. Currently, any power that you sell earns 75% of the retail price, but the amount you sell in a year cannot exceed your annual electrical usage from the grid. This means that oversizing your system to earn extra credits is not possible.
Professional Solar Installation in Las Vegas - Cooper Roofing & Solar
Are you ready to start saving on your electrical bills? Talk to our team at Cooper Roofing & Solar to schedule a solar installation in Las Vegas. We have the experience and equipment to size and install your solar system properly, and because we also have extensive roofing experience, we can ensure that your new solar system will not cause any harm to your roof or leaks. We have been providing Las Vegas homeowners with superior roofing, solar, and gutter services since 2010, and we feature unsurpassed service and quality.
Call us today at (702) 688-7940 to learn more about our solar installations in Las Vegas or to request your FREE estimate.