Nevada Solar Tax Guide
Now is the time to go solar in Nevada as the state offers some of the best tax incentives in the country. Going green, lowering your utility payment, and increasing the value of your home are among the top benefits of getting solar on your home. The state of Nevada has extra incentives in place to make the decision even easier!
Federal Residential Renewable Energy Tax Incentive
Nevada is Number 5 in Top 10 Solar States
It makes sense that the Solar Energy Industries Association ranked Nevada as number five in its top ten solar states. In Nevada you can take advantage of the sunshine with many incentives and rebates.
Federal Tax Incentive
The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30% of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value.
Net energy metering is another solar incentive. Net metering allows you to store any excess energy that your panels produce in the electric grid. Net metering also allows you to pull from the electric grid at any time that your panels may be under-producing. Electricity usage fluctuates from month to month, and net metering protects you by storing your excess energy so you can use it at another time.
Nevada is a “Right to Solar” State
Thanks to Nevada’s solar easement law you can work with your neighbors to make sure that nothing shades your solar panel system while the sun is shining. Also, Nevada is a Right to Solar state, so your local zoning authority can prevent developers from prohibiting the installation of solar panels on your home.