A Booming Solar Market
Over the past decade, Nevada has become a top state for solar energy adoption. As of 2021, Nevada ranks 6th in the country for total installed solar capacity – enough to power over 400,000 homes. The state has seen solar installations grow at nearly 30% per year over the last 5 years as both utilities and homeowners install panels across Nevada‘s sun-drenched landscape.
When you compare Nevada‘s solar expansion to other states, the growth is clear:
| State | 5 Year Solar Capacity Growth |
|---|---|
| Nevada | +27% per year |
| California | +14% per year |
| Florida | +26% per year |
The top Nevada counties for solar adoption are:
- Clark County
- Washoe County
- Carson City
As solar panels spread across rooftops and solar farms alike, Nevada continues positioning itself as a leader in clean energy.
Cash In on the Federal Solar Tax Credit
As you consider installing solar panels in Nevada, one opportunity you absolutely should not miss is the federal Investment Tax Credit (ITC). This program offers a dollar-for-dollar credit equal to 30% of the total cost to purchase and install a solar panel system.
For the average Nevada homeowner installing a 6 kW system costing around $15,660 pre-incentive, that equates to a $4,698 tax credit. Even if you don‘t have that much annual tax liability, this credit can roll over for up to 5 years.
Here is a comparison of the solar purchase costs over time as the federal ITC phases down:
| Year | Federal Tax Credit | 6 kW System Cost |
|---|---|---|
| 2022 | 30% | $10,962 |
| 2033 | 26% | $11,588 |
| 2034 | 22% | $12,214 |
The full 30% credit is available through 2032, but drops to 26% in 2033 then down to 22% in 2034 before expiring. Acting while this largest incentive is at its max will lead to substantial savings for Nevada homeowners.
Our recommendation? Reach out to solar installers as soon as possible to start gathering quotes and evaluating your on-site solar potential.
Net Metering & Performance Programs
In addition to the upfront savings…
