Are solar panels worth it in Las Vegas? 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, Las Vegas is blazing a trail to claim the spot as the Shiniest City in the U.S. with more solar panel installations every year. Not to mention with a whopping 310 sunny days, Vegas is truly the Neon Capital of the World.
But for some reason, you’re not sold on solar just yet. You might be contemplating this big leap for your home, wondering: is solar worth it in Las Vegas? Luckily, here’s a guide to answer some of your burning questions and hopefully, point you towards the sky.
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 solar newbies 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.
How much does it cost to install solar panels in Las Vegas?
Solar panels may have an intimidating upfront cost, but there are many tax credits, solar rebates, and other financial incentives that make solar panels cost-effective. It’s understandable that cost greatly impacts every decision you make for your household. That’s why you want to pick panels from the most affordable solar companies Nevada has to offer, but also that you understand the true value of what you’re getting.
Here are some of the great financial incentives when you decide to switch to solar:
There’s a 26% federal tax credit available for anyone who transitions to solar power.
NV Energy can offer you a rebate on the power you generate via solar panels.
Your power company can credit your account for the power you generate but don’t use.
Your home will increase in value and spend less time on the market.
Does Nevada Have A Solar Rebate?
Yes, Nevada is a state that has a solar rebate. Nevada has put its best foot forward in the fight to reduce its reliance on fossil fuels by 2030 by 50%, and 100% by 2050.
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.
In addition to the Nevada Solar Rebate, there are other ways to make solar more profitable for you.
Federal Solar Tax Credit
One of the best reasons to go solar is the federal tax credit. Currently, the federal government is offering a 26% tax credit off of the total cost of your solar system. Yes, the whole thing — batteries included.
For example, if you purchase an average-sized array (6 kW) at $15,960, that 26% credit bumps the overall cost down to just $11,810. There are so many ways to save in your budget when you go solar.
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 Nevada?
We’ve covered many of the financial reasons solar can line your pocket, but if you’re thinking in terms of longevity, you might be thinking: does solar increase home value in Nevada? The quick — yes, your home will be more valuable if you tell your utility company to kick rocks. On average, your house will be worth 17% more than what your home would be worth without a solar array.
Moreover, when you finally put your home on the market, it will likely be there for less time, as the demand for clean energy continues to increase.
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!
Are Solar Panels Worth It in Las Vegas? Other Solar Benefits
Nevada Solar Access Rights
When there are over 300 sunny days in your state, you’d be remiss not to take advantage of harnessing its power. Nevada has created special solar access laws that will help you go solar without anybody standing in your way. This statute allows that no contract can stop you from installing a solar system onto your home.
Advancements in Solar Tech
Advancements in solar technology have driven down the cost to go solar by 4% over the last 5 years. 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.
Let’s Go Solar Vegas
ADT Solar, formerly Sunpro Solar, proudly installs solar panels in Las Vegas and has been ranked the #2 Residential Solar Installer in 2021 in the US by Solar Power World. Our reliable team of in-house solar installers has been in the solar power business since 2008. We work with you to design a custom solar panel system that will let you take control of your electric bills and decrease your reliance on fossil fuels. ADT Solar proudly offers some of the best warranties in the industry, including:
- 25 Year Labor Warranty
- 25 Year Production Guarantee
- 25 Year Solar Panel Manufacturer Warranty
- 25 Year Enphase Microinverter Warranty
With your new solar panel installation, we’ll also give you a home energy audit, absolutely free. Oh, and if you’re worried about your roof, we’ve got experts who can handle that, too.
If you’re interested in learning more about how Ouyad Solar, a trusted Nevada solar company, can help you save money while helping you kick your power company to the curb, then click here and we’ll have a solar expert reach out to you to set up a free consultation.