Nevada State Policy’s Affect on Solar
Nevada has the 14th best Renewable Portfolio Standard (RPS) in the nation. This is largely due to Nevada mandating their utilities either generate or buy 25 percent of their energy through renewable sources by 2025. This means more incentives for utility solar customers.
Nevada’s Solar Carve-out
At 1.5 percent, by 2025, Nevada has the 11th best Solar Carve-Out in the nation. Carve-outs require utilities to generate part of their power from specific energy sources. The solar carve-out equates to better incentives for solar customers.
Nevada Electric Prices
Net Metering Program and Interconnection Policy in Nevada
Reno, Nevada Incentives for Solar
NV Energy Solar Rebates or PECs Take Your Pick
No Solar Income Tax Credits But That’s Ok
Because Nevada doesn’t have a state income tax, getting state tax credits for solar isn’t possible. There are, however, Federal Tax credits available that cover 30 percent of your system.
This is a 1-to-1 dollar amount taken off your taxes that you would have owed. If you are in a situation where you don’t owe federal taxes then you can’t take advantage of this credit.
Property Tax Exemptions for Commercial and Industrial Installs
Nevada grants property tax exemptions to commercial and industrial solar installations. Solar farms have a 100% property tax exemption. Homeowners, however, have to pay property taxes for the added value that solar adds to your home.
Sale Tax Incentives for Large Solar Installs
Nevada also grants sales tax incentives to solar installations that are over 10MW. This allows for large projects to be completed at a fraction of the cost.