Solar Panels in Nevada | 2022 Cost and Incentives | SaveOnEnergy®

Nevada Solar Panels: Pricing and Incentives

How much do solar panels cost in Nevada?

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Solar power in Nevada

As solar energy becomes more popular, states around the nation are seeing an increase in solar production. Nevada is among the leading states, ranking in the top ten for solar energy generation. As a result, it’s easier than ever for Nevada residents to find affordable solar panel systems and save money on energy costs.

Are you considering installing solar panels on your home? Keep reading to learn more about the costs and benefits of solar panels in Nevada and how to decide if they’re right for your home.

Nevada solar panel cost

According to Lawrence Berkeley National Laboratory’s Tracking the Sun report, in Nevada solar panel system price per watt ranges between $2.04 and $4.78 per watt, with system sizes ranging from 5-kW to 10.2-kW, resulting in a system cost range between $10,113 and $48,867. The Nevada median solar panel system price per watt is $3.88, and median system size is 7kW, resulting in a $27,318 median system cost.

Keep in mind that the cost of your system depends on a variety of factors, including the size of your system, the type of solar panels you choose, your local labor and permitting costs, and more. The good news is that thanks to government incentives and your potential energy savings, you can expect to make back your money within about 6-9 years.

Price Per Watt System Size (kW) Cost
High $4.78 10.2 kW $48,867
Median $3.88 7 kW $27,318
Low $2.04 5 kW $10,113

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Nevada solar panel incentives or rebates

There’s no doubt that solar panels are a significant investment, but the federal government and many state and local governments have created financial incentives to make them more affordable and accessible.

The federal government offers a solar tax credit that allows homeowners to save thousands of dollars on their solar panel purchases. The Residential Clean Energy Credit, formerly known as the Investment Tax Credit, offers a 30% credit on solar systems purchased through 2032. The substantial credit can be applied to systems from the beginning of 2022.

There are also several initiatives specifically for Nevada residents that can help you to save. First, the state’s solar access laws protect homeowners’ rights to install and generate electricity with solar panels. The state also offers net metering, which allows homeowners to sell their excess electricity back to the grid.

Why choose Nevada solar power?

Lower energy costs

One of the major benefits of installing residential solar panels is the potential for reduced energy costs. Anytime your home is being powered by your solar panels, you aren’t paying for electricity from the traditional grid. Solar panels can also increase your home’s value, which will be money in your pocket if you sell your home.

Establish energy independence

Another benefit of installing solar panels on your home is the opportunity to establish energy independence. When you’re energy independent, you aren’t reliant on the traditional electricity grid, meaning you’re not vulnerable to price hikes when energy demand is high. You also don’t have to worry about power outages, since your stored energy from your solar battery can power your home.

Go green

Traditional electricity generation has been shown to be harmful to the environment. The carbon dioxide that’s emitted pollutes the air and water and contributes to climate change. But solar power is a renewable resource, and it doesn’t have the same harmful effects as traditional electricity.

Want to learn more about solar energy

Here at SaveOnEnergy, we’re your guide to everything solar energy, from checking your availability and discussing your home’s needs to getting you customized options to go solar with ease. Want to talk with a human? Call our dedicated solar advisors to discuss your solar energy options. Give us a call at 866-212-2907.

Should I buy or lease my solar panels?

Are you considering investing in solar power? You can choose to either buy or lease your solar panels, or sign a solar PPA. While each option has plenty of benefits, buying your own solar panels is most cost-effective. Buying solar panels provides the greatest potential energy savings and the ability to take advantage of the federal tax credit. Additionally, purchasing solar panels will increase your home’s resale value by $15,000, on average.

While leasing solar panels may not be as cost-effective as buying them, leases have helped to make solar power more accessible and affordable. Leasing doesn’t require the large upfront costs of buying solar panels. It’s also a good option for people who rent their homes instead of owning, since it doesn’t require a long-term commitment. 

Another option available is joining a community solar project. Participants in these shared solar programs each get a portion of the electricity the project generates. It’s more affordable than buying solar panels and is even available to those in apartments.

Nevada solar panel companies

Due to the rising popularity of solar power, it’s become easier than ever to find solar panel companies that serve your area. If you’re considering installing solar panels on your home, use SaveOnEnergy’s library of solar resources. You can familiarize yourself with the solar industry and learn what to expect when working with a solar installer.

The history of solar power in Nevada

Like many states, Nevada began paving the way for solar power in the early 1980s when it passed its Renewable Energy Systems Property Exemption Tax to make solar power more accessible for commercial and industrial property owners. The state has since passed plenty of policies to benefit individuals, including its solar easement and rights laws, net metering, and more.

Nevada’s investments in solar energy have paid off. Today, the state ranks 6th in the nation for solar energy generation. Solar power makes up nearly 17% of the state’s total electricity — that’s enough to power more than 780,000 homes. Most of the recent investments have been utility installations, but there has also been a rise in residential solar installations.

Important solar installation factors to consider

Installing solar panels on your home can help you to save money and reduce your environmental footprint, but there are a few things to consider before you make the leap:

  1. According to the Department of Energy, solar panels are most effective on south-facing roofs with slopes between 15 and 40 degrees. They are also best for roofs in good condition that won’t need to be replaced soon.
  2. Consider your local weather patterns to ensure you’ll get enough sunlight for your solar panels to be worth it. Luckily, Nevada gets plenty of sunlight, but consider your home specifically to make sure it’s worth it.
  3. If you have a homeowners association, there may be additional considerations. Some neighborhood organizations may restrict the size of solar panel systems, while others may require approval before installation.

Solar power FAQs

How much would solar cost in Nevada? Expand / Collapse Toggle

The average cost of a residential solar panel system is between $15,000 and $25,000, but the amount you’ll pay depends on the size of your system, the panels you choose, installation costs, and more.

Is solar power a good investment in Nevada? Expand / Collapse Toggle

Solar panels can be an excellent investment, but they aren’t right for everyone. It’s important to consider your local weather patterns and your energy usage habits to determine if they’re right for you.

How much could I save by investing in solar? Expand / Collapse Toggle

The amount you can save by investing in solar panels depends on the amount of sunlight your solar panels get and your normal energy usage habits. Nevada residents can save an average of $828 per year by installing solar panels. 

Where can I find a good solar panel installer in Nevada?  Expand / Collapse Toggle

There are plenty of great solar installers in Nevada, meaning you won’t have a hard time finding one that fits your needs. However, it’s important to thoroughly research your options before signing a solar contract.

How does solar power help the environment? Expand / Collapse Toggle

Unlike some traditional energy sources, solar power is a renewable resource. It also doesn’t emit carbon dioxide like traditional electricity generation does, meaning it can reduce your home’s carbon footprint.