We’ve all heard about how solar is sparking a flare in the renewable energy world. Some of the sunniest cities are taking advantage of their most plentiful resource and combating pollution in a very dynamic way. Believe it or not, the Neon Capital of the World is blazing a trail to claim the spot as the Shiniest City in the U.S. with more solar panel installations every year.
But if for some reason you’re not sold on solar just yet, you may be wondering: is solar worth it in Las Vegas? Luckily, here’s a guide to show you the benfits to solar panels and determing whether they’re worth it for your home.
So, Are Solar Panels Worth it in Las Vegas?
Yes, solar panels are definitely worth it in Las Vegas. A set of high-powered installs will take your home energy system to the next level. They’re cost-effective and bring clean energy to your home. It’s understandable that homeowners might have a ton of questions that need to be answered. It’s a major decision to turn your utility company into a friend with benefits and make solar your main squeeze. Let’s take a look at a few.
Reduce your electric bill
Nevada has higher than average energy consumption in comparison to the rest of the country. The good news is with almost 300 days of sunshine each year, you’ll be able to dramatically reduce your monthly electric bill by installing solar panels in your home.* You’ll be producing your own clean solar energy and with net metering, you’ll be able to sell back any of your unused energy to the utility company for an even greater reduction to your electric bills.
Reduce your impact on the environment
With solar panels, you’ll be producing your own clean solar energy that has zero impact on the air or land. This means you’ll be ready for the future when Nevada switches over to clean energy fully. In 2019, Nevada passed a bill that would require the state to generate 50% of its electricity from renewable resources by 2030 and aim for 100% carbon-free resources by 2050.
Nevada solar incentives and tax credits make it easy to make the switch
Nevada has state-wide solar programs that make the investment of solar panels worth it, including local utility rebates, the 30% federal tax credit, and net metering. Las Vegas homeowners can take advantage of a few different solar incentives that help going solar an easy decision.
Las Vegas Solar Incentives
There are many solar incentives available to not only Las Vegas homeowners, but to every resident across the state of Nevada, that reduce the cost of solar panels. Here are some of the great solar incentives you can take advantage of to decrease your payback period:
30% Federal Solar Tax Credit
One of the best reasons to go solar is the federal tax credit. The federal government has just increased the Investment Tax Credit to 30% off of the total cost of your solar system. Yes, the whole thing — batteries included.
Does Nevada Have A Solar Rebate?
Yes, Nevada is a state that has a solar rebate. Nevada Energy offers the Solar Generations Rebate Program, a heavy-hitter financial incentive that makes going solar a no-brainer. This program offers customers a rebate of $.20 per watt back on solar panel systems that generate up to 25kW.
What is net metering, you ask? Net metering is a grand program that takes advantage of the excess energy your solar panels generate. With select utility companies, this is an opportunity for you to receive credits by rolling that energy back to them. Often, this results in a lower electricity bill, or none at all.
In Las Vegas, NV Energy and Valley Electric Association offer net metering.
Does Solar Increase Home Value in Las Vegas?
We’ve covered many of the financial reasons solar makes sense, but if you’re thinking in terms of longevity, you might be wondering: does solar increase home value in Nevada? The quick answer is yes, your home will be more valuable according to this 2008 study from the Appraisal Journal.
While making money and saving money are likely the best reasons why going solar is worth it, there are also some other considerations and benefits you may not know about or have been wanting to ask about. Fear not — we’ve got those covered too!
Advancements in Solar Tech
- Backup battery storage has also seen vast advancements in its capabilities as well. Everything from round-trip efficiency, depth of discharge, and even a battery’s overall lifetime have increased in recent years.
- Moreover, with the advent of monitoring apps that will come with your brand new solar panel array, you can see in real-time how your solar panels are producing energy, how charged your batteries are, and even see when your batteries are talking to the National Weather Service.
- Today, your batteries will get information from the National Weather Service to make sure they get charged before bad weather hits or even before nightfall. No longer worry about losing power during natural disasters with this power outage protection in your back pocket.
How much do solar panels cost in Las Vegas?
The cost of solar panels depends on a few key factors such as sunlight exposure, home energy consumption, installation costs, and solar incentives. The wide range of factors makes it difficult to place a one-size-fits-all sticker price on a solar energy system, but you’ll be happy to know prices have fallen 53% over the last 10 years.
The good news is, our solar specialists can give you a free solar estimate based on your unique energy profile and personal saving goals. Plus, we even offer a free home energy audit to maximize your energy savings potential and decrease your payback period. Keep reading below to find out how you can maximize your savings when installing solar panels, or, schedule your free consultation with ADT Solar today!
*Tax and credits or incentives including those provided by federal, state, or local governments may change or end. This can impact the amount of money you might save. Consult a tax professional to understand any tax liability or eligibility for any tax credits that may result from the purchase of your solar system.
If you have taxable income and own the system, you may qualify for the federal investment tax credit (ITC). It is your responsibility to determine your eligibility and to apply. Consult a qualified tax professional for assistance and details.