Solar power in Las Vegas, Nevada
NV Energy customers are eligible for a $150 per kW rebate for systems under 25kW. NV Energy also runs a net metering program valuing excess power sent to the grid at 95% of the retail value.
Las Vegas has great solar generation meaning your savings from net metering are through the roof. After subtracting the rebate you may also claim a large portion of the remaining cost (26% in 2020, and 22% in 2021) as a deduction to federal taxes, you may do this spread over several years if you want. The federal solar tax credit is applicable no matter the system size.
With incentives this good you'd be mad not to install solar and don't wait too long; net metering returns are set to decline down to 75% of retail value.
The average cost of installing residential solar panels in Las Vegas,
Nevada in 2024 is
$2.78 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Las Vegas, NV
is $13,900.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Nevada is only 935kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Las Vegas solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Nevada solar savings calculator can do this because it contains a database of the electric rates charged by Boulder City City of, NV Energy (Nevada Power Co), Overton Power District No 5, Valley Electric Assn Inc, Colorado River Comm of Nevada
How much can solar panels save you in Las Vegas
What does the cost of a real solar system look like?
Facts about installing a 16.2kW solar system in Las Vegas, NV
This system would offset 100% of your energy usage if your typical monthly bill is $225, however your situation may vary so try our Las Vegas solar calculator to get a result tailored to you.
$31,169
Net cost of system
9 Years 5 Months
Average payback time
25,961 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
19¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 16.2kW system
Life-time savings on this system over the next 25 years
$75,033
(Prices shown after repayments of capital)
29
Solar companies in Las Vegas, NV that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Las Vegas
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,460 | $6,977 |
| 4kw | $8,495 | $9,175 |
| 5kw | $10,434 | $11,269 |
| 6kw | $12,343 | $13,331 |
| 7kw | $14,141 | $15,273 |
| 8kw | $15,925 | $17,199 |
| 9kw | $17,582 | $18,989 |
| 10kw | $19,240 | $20,779 |
Find out what system size you need for your home
Going solar in Nevada
Check out all of the ways energy providers of Nevada can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Portfolio Energy Credits | State | Performance-Based Incentive |
| Net Metering | State | Net Metering |
| NV Energy - RenewableGenerations Rebate Program - Expired June 2019 | Utility | Rebate Program |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
