Benefits of Solar Energy
Solar energy provides several advantages that will enhance your home for years to come.
- Better energy independence: Solar panel systems with energy storage systems function through power outages and emergencies, and you won't have to depend on the grid for your safety and comfort.
- Reduced carbon footprint: Using solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, decreasing your periodic electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Winchester Homeowners?
Nevada homeowners who choose solar could qualify for special financing, tax credits, reimbursements and rebates. Here are just a few of the region's 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: 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 Winchester
Choosing a company is the first step toward an effective and cost-efficient solar energy system. Make your choice based on the following key factors.
Licensing and Training
Nevada requires a contractor installing a solar PV system to acquire a C-37 license from the Nevada State Contractors Board. Solar water or pool heating installers should have either a C-1 (plumbing and heating) license or the appropriate C-37 endorsement for their work. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Winchester
The kind of solar panels you purchase dictates how much energy you can produce. 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 meant for large home installations, but they're excellent for small projects like sheds and RVs.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can enhance your solar system's efficiency. Not all solar contractors provide these extras, so look for a provider that installs them if it's crucial for you.
If you're a resident of Winchester and are looking into a five-kilowatt solar energy system, you could expect to pay about $15,400 for parts and installation. Find more information on specific component and solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,168 |
Solar Polycrystalline | $911 |
Thin-Film | $532 |
Solar Battery | $747 |
Solar Home EV Charger | $2,802 |
Financing Solar Energy in Winchester
There are a plethora of ways to pay for a solar energy system, and the right one will lower your costs. A few of the most common options include loans, power purchase agreements (PPAs), leases, and cash payments. We suggest paying with cash or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to cut your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for contractors that offer multiple payment plans to find the right fit for your pocket.
The table below lists the average payback periods for different capacities of solar systems in Winchester.
The IRS allows you to claim a 26% federal tax credit for solar panels on the full cost of the solar system, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.
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 Winchester
How much money could I save by going solar in Winchester?
How widespread is solar energy in Winchester?
Should I anticipate a boost in my property value after adopting solar power?
What care do my solar panels need, and how frequently do they need it?
What size should my new Winchester solar system be?
What is the average payback period for Winchester solar panels?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
How are traditional solar loans and PPAs different?
In contrast, solar loans can come from the government, specialty lenders, local banks and installer. You'll need to pass a credit check to qualify for most of them. While the upfront costs are more expensive, and you'll be responsible for maintenance, you'll also have total ownership and can apply for many more incentives.
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