Solar NV: Benefits of Installing Solar
Solar energy use has been on a steady rise in Nevada. The Energy Information Administration (EIA) found that solar generation increased by over 20% between 2020 and 2021. This statistic is no surprise considering the steady decline in the price of solar panels by 53% since 2000. Solar installations in NV are an ideal investment considering the average sunny days you enjoy in this Silver State.
Here are the top perks of installing solar in your Nevada home or business.
There Has Never Been a Better Time to Switch to Solar
Solar power is a form of renewable energy that every household in Nevada should consider. Let's look at some of the benefits of installing solar in NV.
1. Lowers your electricity bill
A 2021 EIA survey on residential energy consumption found that a U.S. consumer's average annual electricity consumption was about 886 kWh monthly. Installation of solar guarantees savings by significantly lowering your electricity bill; sometimes, it may stamp out your electricity bills altogether.
2. Solar Incentives
You can expect significant savings thanks to Nevada's solar incentives. The Federal Solar Tax credit is a government provision that ensures you receive a credit for the taxes you owe for the year you installed this solar system. Thanks to this credit, you may deduct up to 30% of the expenses for solar installation from your taxable income.
The best thing about this credit is the straightforward application process. First, you'll need to print out the IRS form 5695. The next step is to fill out all the necessary information, including the size of your solar system, general information about the solar installation company, and the total costs. The final step is to file it together with your income taxes.
3. Enjoy net energy metering
Net metering came into effect in 2017 and offers you energy credits for the solar energy you produce and don't end up utilizing. Therefore, if your solar system generates excess energy during a specific billing period, that energy returns to the grid for other customers to use, earning you credits.
These credits will reflect in your electricity bills and subsequently lower your electricity bills. Remember, the government uses electricity rates to offer these energy rates to you. These rates exist in four tiers. And Nevada currently falls under tier 4. As a result, you and any other customer producing excess solar energy receive 75% of the value of each unit of electricity you return to the grid for twenty years.
4. Nevada has favorable access laws
The current state solar access laws protect your right to install solar in NV. Thanks to these laws, zoning and homeowner's association cannot prevent you from installing solar without probable cause.
5. Solar systems increase your home or business building's value
Thanks to the reduced energy bills, a potential buyer will recognize these potential savings making it easier to sell your home. Moreover, when correctly installed, solar electric systems protect the roof from harsh weather and, as a result, prevent water damage. With solar systems, you can forget the hassle of buying additional power during peak seasons. What’s more, some solar installation warranties are transferrable. This feature can serve as a great selling point to a potential buyer.
Let Cooper Roofing & Solar Help You Transition to Solar This Year
Cooper Roofing & Solar is here to help you smoothly switch to get additional energy savings or utilize the 300 sunny days we get in Nevada each year. Our company has been offering stellar solar installation services since 2010. Our trained electrician team is ready to begin installation on your commercial or residential property once the agreement is in force. Feel free to contact us at (702) 688-7940 for a free estimate and to book a consultation visit.