Installing solar panels in your home in Nevada will not only reduce your electricity bill, but it will also replace your electricity bill. Most Nevada homeowners with solar panels generate their own electricity and don’t rely solely on power from the grid.
In fact, if you generate more electricity than you use, you can share the excess energy with the larger grid. In exchange, you will receive tax credits that reduce the income tax you owe.
How Solar Panels Reduce Electricity
When you solely rely on grid power, there’s little you can do to lower your electricity bills. The only options available are using various techniques to reduce your electricity consumption.
Moreover, grid electricity rates are constantly rising despite being already high. For instance, according to an Energy Information Administration (EIA) report, electricity prices are expected to be historically high in 2023 while the economy continues to recover.
With the current conditions and rising cost of living, solar panels are a great way to reduce electricity bills. What’s more, solar panels are not as unpredictable as electric energy from the grid.
Should I Lease or Buy My Solar Panel
While leasing a solar panel requires little investment and decision-making, the benefits of buying your own solar panel are hard to beat over time. However, whether you lease or buy a panel, going solar is the best way to save on your electricity bill.
Here are a few steps for buying a new solar panel:
- Determine if the solar is a good fit
- Choose an installer
- Decide how you pay for installation
- Install your system
Other Benefits of Solar Panels
Besides reducing your electricity bill, solar panels for homeowners in Nevada come with a lot of benefits. It’s because of these benefits that more and more homeowners are installing solar panels at their homes. Some of these benefits include:
Increasing home value
Like a finished basement or a renovated kitchen, installing a solar panel in your home is viewed as an upgrade. According to Lawrence Berkeley National Laboratory, on average, installing a solar panel can increase your property value by about $15,000.
Saving the environment
Solar panels reduce the emission of greenhouse gas since they rely on clean, pure energy. On the other hand, the source of traditional electricity is usually fossil fuels. Burning fossil fuel to produce electricity emits harmful gasses that are the major source of air pollution.
Tax credits, rebates and incentives
As one of the leading states in renewable energy and solar power initiatives, Nevadans have favorable solar power laws, tax credits, and rebates. Some of these include:
- Federal solar investment tax credit
- Net energy metering in Nevada
- Nevada state energy rebates
- Nevada state energy tax credits
- Nevada property tax exemptions for energy
Make the Switch to Solar in Nevada
Join the solar revolution today and switch to clean, renewable energy. Solar Optimum offers exceptional solar services for homeowners in Nevada, from start to finish.
Contact us today for a free consultation and see how our premium solar solutions can save you money while reducing your carbon footprint.
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