Have you ever thought about adding solar energy to your home? If you live in Nevada, it definitely makes sense. After all, Nevada is one of the sunniest cities in America, getting up to 210 days of sun a year.
Furthermore, it probably hasn’t escaped your attention that your neighbors and local businesses are making the switch to solar. Is this a good idea for you? Aside from reducing pollution and helping restore the planet, what Nevada solar incentives are there?
We want to show you why going solar in Nevada is a good move. Keep reading for everything you need to know about solar incentives in Nevada.
Federal Tax Credits
First, let’s take a look at the available tax incentives for switching to solar in Nevada. Right now, you can take advantage of a 26% federal tax credit for installing solar energy in your home.
Work with an accountant to properly file your costs of going solar to get back a substantial amount of money. For example, most homeowners fully outfit their home with a 6kW solar system for around $13,000. If you go this route, you can get $3,380 back from Uncle Sam.
Amazing Energy Savings
One of the most beneficial Nevada solar incentives is your energy savings. As mentioned above, Nevada is almost always sunny, which makes solar energy usage ideal for local homeowners.
By hiring the best solar company in your area and investing in this green energy source, you can significantly reduce your energy costs. If you build a big enough solar energy system, you could eliminate your energy bill entirely.
Wouldn’t it be nice to save thousands of dollars a year? You could use these savings to pay off debt, fund a vacation, or make more renovations on your home.
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If you’re wondering what happens to the energy you produce and don’t use, Nevado solar incentives provide an answer. Nevada uses a system called net metering that connects your system to the local power supplier. The excess energy you create can be sent to them for Nevada solar credits.
You can use these to pay off your energy bill (if you have one still) or for cash rewards.
Increased Home Value
If you’re still worried about the cost of going solar in Nevada, you should also know that a solar energy system will increase the value of your home by up to 4.1%.
For reference, a $275,000 home would be worth $286,000. You could eventually sell your home for a major profit or use the positive equity for something else. Some homeowners refinance to pay off debt or to fund future house projects.
Are You Ready to Take Advantage of These Nevada Solar Incentives?
As you can see, Nevada solar incentives are impressive. Are you ready to make the switch to solar energy so you can take advantage of these financial benefits? And remember, between Nevada solar tax incentives, net metering, increased home values, and energy savings, your system will pay itself off in no time.
For more homeowner advice and renovation ideas, check out some of our other articles. Our blog was created to provide homeowners like you with the information and guidance they need to improve their homes and make their lives better.