Nevada solar panels guide 2021
Updated November 3, 2020Nevada has had a rocky past with solar, but with the return ofnet metering, things may be heading in the right direction.
The state revised theirrenewable portfolio standard (RPS)to require utilities to derive 50% of their energy from renewable sources by 2030. While increasing the amount of energy that needs to be produced by renewables is a huge step forward, the revised RPS removed the state’s solar carve out.
There is no longer a minimum percentage of energy that must be produced by solar systems. However, the ambitious goal of 50% renewable energy may lead utilities to creating new incentive programs.
Between net metering being reinstated and thefederal tax credit, you have the potential for big savings if you act fast.
On this page:
Solar power prices, savings and payback in your part of Nevada
The average cost for an installed residential solar system in Nevada is currently$11,597after claiming the 26% federal solar tax credit. This is$2.61per watt. However, there is some variance in solar prices in different parts of the state. The graph below shows the average cost of installed solar systems in your part of the state.
Net profit (savings less system cost)
$25,523-$31,195
Payback period
7.4-9.1 years
Recommended size for the selected utility bill
5.4kW
Solar panel cost calculator
Cash flow graph based on cash purchase of a5.4kWsystem
Are solar panels worth it in Nevada
太阳能电池板价格下跌了ore than 80% in the last ten years. In 2020 they also remain subsidized by the 26% federal tax credit and the net metering law, making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.
Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.
Levelized cost of solar energy
?
Levelized cost per kWh is the cost of the solar system divided by the total number of kWh produced by a solar system over it’s lifetime
5¢ /kWh
If you don't get solar
30¢ /kWh
(forecast avg Nevada electric rates over the next 25 years)
NV solar panel cost calculator
Nevada solar incentives & tax credits
Federal solar tax credit
The most significant incentive to install solar panels for homes and businesses in Nevada is thefederal solar tax credit。At the end of 2020, the amount of the credit will decrease from 26% to 22% of the cost of the solar installation.
Because home and business owners want to get the largest incentive amount possible, solar panel installation companies will likely be flooded with new projects before year’s end. In order to maximize your savings potential, the best time to go solar in Nevada is now.
Net metering
Net metering allows you to get credited at near retail rates by your utility company for the amount of solar energy you produce but aren’t able to use onsite.
As of 2020, any kilowatt hour (kWh) of solar electricity you send back to the grid which you aren’t able to use will be credited at75% of retail rates, currently about 7 cents/kWh.
At the end of your 20-year contract, you'll be able to sign up for whatever program NV Energy offers (though by then,home energy storage可能会因此inexpen呢sive that it will be easier to install a battery and use all the energy yourself).
Nevada Energy Storage Incentive
NV Energyoffers two different home battery storage incentive rates, based on your enrollment in a rate structure which changes based on the time of day you use electricity (aka time-of-use, TOU)
For example, if you’re on a TOU plan and purchase one Tesla Powerwall, you’ll receive a $2,565 rebate!. If you’re not on a TOU plan, you can get a $1,283 incentive on that same Powerwall.
Table 2: Available incentive programs
|
Eligibility:Federal incentive
Type:Personal Tax Credit
|
|
Eligibility:State incentive
Type:Net Metering
|
Best unit price
$562.50($1.50 per watt)
Best system price
Installed 4.9kW system
$11,931.63($2.45 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$320.00($0.96 per watt)
Best system price
Installed 5.0kW system
$12,523.93($2.49 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00($1.15 per watt)
Best system price
Installed 4.9kW system
$12,718.32($2.61 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34($1.30 per watt)
Best system price
Installed 5.1kW system
$13,025.23($2.55 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
291.18美元($0.88 per watt)
Best system price
Installed 5.0kW system
$12,008.02($2.43 p/w)
VBH330RA03K overview
Rated power
330 watts
Efficiency
19.7
Number of Cells
96
Cell type
Mono-crystalline Silicon
Manufactured
US
Best unit price
$340.00($1.00 per watt)
Best system price
Installed 5.1kW system
$14,280.00($2.80 p/w)
VBHN340SA17 HIT+ overview
Rated power
340 watts
Efficiency
20.3
Number of Cells
96
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
297.60美元($0.89 per watt)
Best system price
Installed 5.0kW system
13059美元0。($2.60 p/w)
VBHN335SA17 overview
Rated power
335 watts
Efficiency
20
Number of Cells
96
Cell type
monocrystalline
Manufactured
US
Best unit price
$432.00($1.31 per watt)
Best system price
Installed 5.0kW system
$12,202.42($2.47 p/w)
VBHN330SA17E overview
Rated power
330 watts
Efficiency
19.7
Number of Cells
96
Cell type
monocrystalline
Manufactured
US
Best unit price
$800.00($2.22 per watt)
Best system price
Installed 5.0kW system
$12,335.47($2.45 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$600.00($1.83 per watt)
Best system price
Installed 4.9kW system
$11,968.01($2.44 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00($1.90 per watt)
Best system price
Installed 4.9kW system
$12,803.99($2.61 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00($1.90 per watt)
Best system price
Installed 4.9kW system
$12,717.55($2.59 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$205.00($0.58 per watt)
Best system price
Installed 5.0kW system
$11,951.44($2.40 p/w)
CS3U-355PB-AG overview
Rated power
355 watts
Efficiency
17.7
Number of Cells
144
Cell type
polycrystalline
Manufactured
CA
Best unit price
$240.01($0.60 per watt)
Best system price
Installed 4.8kW system
$12,341.39($2.57 p/w)
CS3W-400PB-AG overview
Rated power
400 watts
Efficiency
17.9
Number of Cells
144
Cell type
polycrystalline
Manufactured
CA
Best unit price
$207.90($0.66 per watt)
Best system price
Installed 5.0kW system
$12,561.32($2.49 p/w)
CS3K-315MS overview
Rated power
315 watts
Efficiency
18.96
Number of Cells
120
Cell type
Mono-crystalline Silicon
Manufactured
CA
Best unit price
$247.00($0.75 per watt)
Best system price
Installed 5.0kW system
$12,948.87($2.62 p/w)
CS1H-330MS BLACK overview
Rated power
330 watts
Efficiency
19.57
Number of Cells
60
Cell type
Mono-crystalline Silicon
Manufactured
CA
Best unit price
$196.11($0.65 per watt)
Best system price
Installed 5.1kW system
$12,310.27($2.41 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00($0.56 per watt)
Best system price
Installed 4.9kW system
$11,840.67($2.43 p/w)
lr6 - 60 - hpb - 305 m的概述
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00($0.53 per watt)
Best system price
Installed 5.0kW system
$12,079.73($2.44 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00($0.60 per watt)
Best system price
Installed 4.9kW system
$11,854.42($2.40 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Average cost of solar panel installation in Nevada by system size
System size* |
Cash purchase(After tax credit) |
Financed purchase(After tax credit) |
|---|---|---|
| 4kW | $11,420 | $12,219 |
| 5kW | $13,690 | $14,648 |
| 6千瓦 | $15,672 | $16,769 |
| 7kW | $18,095 | $19,362 |
| 8kW | $20,960 | $22,427 |
| 9kW | $22,779 | $24,374 |
| 10kW | $25,040 | $26,793 |
Best solar companies in the main cities of Nevada
Home solar basics
Is it better to lease or buy solar panels in Nevada
You will save most money by buying your solar system rather than leasing it. Read more about thepros and cons of leasing vs buying solar。
How long do solar panels last?
Minimum of 25 years but generally 30 or more
How do solar panels work on a home?
Solar panels power your house when they can but your home uses the utility company for power at other times. In 2021 "solar systems with battery storage" are becoming more popular. These are known as hybrid systems.
How do solar panels work?
Grid-tied solar system
A grid-tied system is the most common type of solar system. It has no solar battery for backup power and utilizes net metering to maximize savings. Solar panels are mounted on your roof then wired together, and the power generated flows into an inverter where direct current (DC) electricity is converted into alternating current (AC) electricity. This electricity is either used by your home or is exported to the utility grid.
Hybrid solar system
In hybrid solar systems, rooftop solar panels are connected to both a solar battery and the electric grid. The solar electricity generated by your panels that your home does not use is stored in the battery instead of being sent to the grid, which reduces your reliance on the utility while also providing backup power when needed. Battery storage is still expensive but you may be able to reduce costs by using state incentives.
Off-grid solar system
Off-grid solar systems are not connected to the grid at all, so all of your energy needs must be met by the sun. There is no utility to fall back on. The solar installation needs to power your home not only during the day, but after dark as well, so many solar panels and a large battery system are required. These systems are often expensive and don’t make sense for homes that have access to the grid.
Read more abouttypes of home solar systems.
Do solar panels require regular maintenance?
No, but cleaning them can improve power generation if they are dirty.
Will residential solar power system cost fall in Nevada in 2021?
Given this environment, and the effect of import tariffs placed on solar panels by the Trump administration during 2018, it is hard to see that solar power system prices in Nevada will fall during 2021.
How much electricity do solar panel systems generate in Nevada?
Depending on the location, solar panels will generate different amounts of electricity.
A solar system that is installed on a south-facing 29-degree pitch roof Nevada will generate1,471kWhof peak DC (direct current) capacity per year per1kWin the Las Vegas area.
Enter your details into the solar panel calculator to see how your location, roof tilt, and roof direction impacts solar panel production.
What are the pros and cons of installing solar panels in Nevada?
Theadvantage of installing solar panelsin Nevada is that there is excellent sun exposure, so your solar panels produce a lot more energy than they would in other states.
High levels ofsolar irradiancecoupled with net metering translates into huge savings on your electric bill. All of this, in addition to the federal tax credit, can cover a significant portion of your installation costs.
Thedisadvantage of installing solar panelsin Nevada is that the state does not offer many incentives outside the battery rebate, meaning it's even more important to switch to solar now while the 26% federal tax credit is still available.
Enter your details tocalculate the cost and savings you are likely to get from installing solar panels for your home。
What you can learn from our state solar panel calculator
This solar calculator requires you to input your address, utility company, your average monthly power spend - it tells you:
- What size solar system do you need?
- Answers the question ofHow many solar panels do I need?
- How many square feet of roof space you need for solar panels
- Solar electricity production in annual kWh (kilowatt-hours) you can expect from your solar system in Nevada
- The value ofsolar tax creditsandother incentivesyou are entitled to based on the estimated size of system you need, your location and your utility provider.
- Likely cost based on an average of prices charged for solar systems of that size in the last year in Nevada or
- The likely payback period on your solar panels and your investment return.
- Your total lifetime solar savings based on each of themajor solar finance options, a cash purchase, a cash purchase funded with a HELOC (home equity line of credit) and a zero-down PPA or third party lease product.
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies thenuse this Nevada solar panels calculator。这个计算器也需要你输入你的name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
Note:Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
Useful links
Related solar news
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What is a solar carve-out?
A solar-carve out sets a specific goal for electricity generation from solar panels in a state’s energy mix. It often includes incentives for installing solar.
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