Nevada ranks No. 5 in the U.S. for solar capacity, and with good reason—it’s got plenty of sun to go around, plus some attractive solar tax credits and rebates to get started.1 Not only can we help you make sense of Nevada solar incentives, we’re here to help you take advantage of them all so you can maximize your savings.
Nevada wants to reward households for using renewable energy and maximizing energy efficiency. To help reach Nevada’s goal of 250 megawatts of installed solar capacity, NV Energy is offering the RenewableGenerations solar rebate program, or SolarGenerations, to homeowners that go solar across the state. Through this program, home solar systems that generate up to 25 kilowatts of electricity could earn NV Energy South customers $0.20 per watt back on their system.
Sunrun also participates in SolarGeneration’s low income program, calculated as 80% of area median income. That means qualifying solar system owners could get $0.45 per watt on their systems. Because when we say we believe in solar for all, we mean it.
|Solar Savings Types||Value of Savings|
|Federal Solar Tax Credit||
26% of the final cost of the solar system
|NV Energy SolarGeneration||$0.15 per Watt|
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Nevada believes that everyone has the right to go solar, and we couldn’t agree more. That’s why it has solar access laws in place that protect homeowners’ ability to install home solar systems on their property. Without these protections, unreasonable restrictions to your ability to install solar energy systems can can significantly decrease the efficiency or performance of the system.4
Buying a home solar system also qualifies you for the 30% federal solar tax credit.5 Add that to the state incentives you could get from the SolarGenerations program and the savings just keep adding up.* The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle. We only partner with the top solar installers in your area to ensure you enjoy the highest quality solar installation available.
Whichever one you choose, we’ll help you take advantage of all the Nevada solar power incentives available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.