Benefits of Solar Energy
Solar energy comes with multiple benefits. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Solar panel systems with energy storage systems operate through power outages and emergencies, and you won't have to rely on your power company for your safety and comfort.
- Lowered energy bills: With solar panels, you produce power without paying the tacked-on costs of grid-tied power. You can eliminate your bills completely if you go off-grid. Plus, a significant number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Reno Homeowners?
Nevada homeowners who go solar could qualify for reimbursements, tax credits, rebates and special financing. Here are just a few of the local incentive programs.
Incentive Type: Rebate Program
Website: swgas.comIncentive Amount:
Water Heating: $225
Solar Water Heating: $13/therm
Incentive Type: Rebate Program
Website: swgas.comIncentive Amount:
Varies based on program "step" - see program website.
Incentive Type: Rebate Program
Website: Nvenergy.comIncentive Amount:
Solar (As of 9/24/18):
Residential/Commercial/Industrial (25 kW or smaller): $0.20 / watt-AC
Low Income/Nonprofit/Public Entity (25 kW or smaller): $0.45 / watt-AC
Residential/Commercial/Industrial (greater than 25 kW): $0.0250 / kWh
Low Income/Nonprofit/Public Entity (greater than 25 kW): $0.0550 / kWh
Wind (As of 9/24/18):
Residential/Commercial/Industrial: $0.40 / watt-AC
Low Income/Nonprofit/Public Entity: $0.80 / watt-AC
Incentive Type: Performance-Based Incentive
Website: nvtrec.comIncentive Amount:
Varies; higher value for solar PECs than other technologies
Incentive Type: Rebate Program
Website: nvenergy.comIncentive Amount:
Northern Nevada electric customers: $3,000/project up to 50% of system cost
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Reno
The price and efficiency of solar panels often hinge on which company installed them. Consider each of these aspects in your company search.
Licensing and Training
Nevada requires a contractor installing a solar photovoltaic system to obtain a C-37 license from the Nevada State Contractors Board. Solar thermal system installers should carry either a C-1 (plumbing and heating) license or the appropriate C-37 subclassification for their work. You should also visit a company's website to learn about its private credentials. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Reno
The kind of solar panels you choose determines how much electricity you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
You can also add electric car (EV) chargers and battery backup systems. These will increase your total installation cost, but they can maximize your solar system's performance. Not every solar provider offers these add-ons, so look for a provider that installs them if it's crucial for you.
You can plan to spend about $15,400 on average for a five-kilowatt solar energy system in Reno. Check the table in this section to get an idea of how much Reno solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,243 |
Solar Polycrystalline | $970 |
Thin-Film | $567 |
Solar Battery | $796 |
Solar Home EV Charger | $2,984 |
Financing Solar Energy in Reno
Solar providers use multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, solar loans, power purchase agreements (PPAs) and cash payments. Though it requires a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the runner-up option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, similar to an electric bill. We usually don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. We advise working with a company that offers multiple financing options. Speak with each representative about what's available, and acquire more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Reno.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and unique financing solutions that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.0 years |
2 kW | 4.1 years |
5 kW | 10.2 years |
10 kW | 20.3 years |
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Frequently Asked Questions About Solar in Reno
How much energy and money could I save per year by switching to solar?
How common is solar energy in Reno?
Should I expect a boost in my property value after going solar?
What upkeep do my solar panels need, and how often do they need it?
What's the average solar system size in Reno?
How long does it take to pay back a solar loan in Reno?
How are a solar lease and PPA different?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
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