If you’re looking for a quick and accurate guide to Nevada energy rebates, you’ve come to the right place.
Although we’re a solar company, we want to make you as energy-efficient as possible, and that means compounding solar with a range of other energy-efficient resources.
State Renewable Energy Programs
We want you to have clean air and your state does too. There are a variety of programs that are available.
Solar Energy Rebates
The state legislature started requiring electric companies to provide incentive programs for both residential and commercial solar customers in 2007.
There are three categories that have been assigned: school property, public or other, and private residential or small business.
Each electric company can give up to $255,270,000 toward qualifying solar projects between 2010 and 2021.
NV Energy’s program offers an installation incentive for approved solar systems that have been installed for their customers.
They have both up-front incentives for systems that generate up to 25 kilowatts or if your system produces between 25 and 500 kilowatts of electricity NV Energy has a production-based incentive program.
These production incentives are paid quarterly over a max of 5 years. Residential, commercial and industrial customers that get solar are paid a lower rate than public, low-income and nonprofit customers making solar more affordable to those that typically wouldn’t have the funds to get solar.
There are a few hoops that you need to go through to qualify for these incentives. You can look at NV Energy Solar Generations Electric Incentive page and see what is required.
Full-service solar companies like Go Solar Group can help you each step of the way if you are interested in solar power.
Solar Thermal Systems
In 2009 the state started requiring public utilities that supply gas in Nevada to implement rebate programs for solar hot water systems with a goal of 3,000 installations by 2019.
In 2007 the state made a goal of having at least 5 megawatts of wind energy systems installed by 2012.
They have required electric suppliers to instate rebate programs for those that have opted to have this form of renewable energy.
NV Energy offers a one-time cash incentive to their customers that install small windmill systems. On there Wind Generations Incentive page more information is given about how wind energy works and what you need to do you apply for their rebate.
Electric companies are required to provide incentive programs for water power systems so they could reach the state goal of installing at least 5 megawatts of hydro energy systems by 2016.
NV Energy has instated production-based incentives for micro-hydro systems that generate up to 500 kilowatts of electricity.
This option is given to both agricultural and tribal NV Energy customers and is paid quarterly over a max of 5 years.
For more information about how you can apply for this incentive program that you can go to NV Energy’s Hydro Generations Incentives page.
Renewable Energy Property Tax Exemption
Among the programs that Nevada offers for those that opt into renewable energy is a tax exemption. This property tax exemption is for any renewable energy system that serves a commercial or industrial building and for systems used for irrigation.
Revolving Loan Program
The Governor’s Office of Energy has also made revolving loans available for large-scale renewable energy projects.
These loans are at a minimum of $100,000 and a maximum of $1,000,000 with an interest rate of 3% over a max of 15 years.
Large-Scale Renewable Energy Property Tax Abatement
New or expanding businesses in Nevada can receive a property tax abatement of up to 55% for a max of 20 years on renewable energy sources that generate at least 10 megawatts of power and are in operation for at least 10 years.
Direct Energy Assistance Loan
The Governor’s Office of Energy provides a 0% interest loan for up to $6,000 for state employees to make state-approved energy auditor improvements to their homes.
These are just a few of the state programs that are available. For more information about renewable energy programs available in Nevada, you can visit this link for DSIRE.
NV Energy Power Shift
Aside from the renewable energy incentives that NV Energy offers, they also offer incentives to help decrease your power bill.
They offer free smart thermostats that will save you up to a $100 on your energy bill, free energy assessments, and A/C rebates.
Bravo, Nevada, for providing a way for renewable energy to be implemented! Every step toward a cleaner planet means a healthier you.
One of the programs that the Federal Government is offering is a tax credit that covers 30% of your total solar array cost.
How does this work? After purchasing your system and filling for taxes the next year you are given a tax credit toward taxes that you would have owed to the federal government.
This is a dollar-for-dollar reduction in income taxes of either the person or company claiming the credit. If the 30% is more than you would have owed, then it can be rolled over for up to 5 years.
This tax credit will not always be there though. After 2019 the tax credit will decrease to 26% to 22% in 2021 and then to 10% in 2022.
After 2023 this tax credit will no longer be available for residential customers and will stay at 10% for commercial solar installs.
Renewable energy is the way of the future. Everyone wants to be happy and healthy and clean air is the key to obtaining this for years to come.
Join the wave of healthier living and be a part of the change. Don’t wait to take advantage of the help that is right on your doorstep.
For more information on how you can capitalize on Nevada energy rebates, get a free, no-commitment solar quote today.