Tax incentives and rebates

Paradise residents can benefit from a 30% federal income tax credit against the cost of their solar panel system. Additionally, Nevada also incentivizes homeowners with rebates and money-saving initiatives by installing additional batteries to their rooftop solar panel systems.

Boost property value

Solar panel installations can increase your property’s value by 4.1% or $9,274 above the market value.

Long-term energy savings

Solar panels can save you a significant amount, and after a certain period, they pay for themselves. Here are some numbers to shed light on long-term energy savings with solar panel systems:

1. Average monthly electricity consumption: 1,603 kWh
2. Average electric rate: 17 ¢/kWh
3. Average monthly bill: $280
4. Solar system buyback period: 7.65 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $42,199

In the short term, Nevada’s net metering initiative can help Paradise residents earn credits for excess energy pushed back onto the grid for short-term energy savings.

Environment friendly

Installing solar panels is one of the easiest and most effective ways to reduce your reliance on fossil fuels and lower carbon emissions while contributing to Nevada’s net-zero emission goals.