✅ Federal Incentives
All federal benefits apply to entities in Nevada.
✅ State Incentives
⚡ Property Tax Exemption
Nevada offers a 100% property tax exemption for the added value of solar energy systems. Installing a solar system will not increase your property's assessed value for tax purposes. (LINK)
⚡ Sales Tax Reduction
Nevada provides a reduced sales tax rate of 2.6% (down from the standard 6.85%) for the purchase of solar panels and related equipment. (LINK)
⚡ Solar Rights Law
Nevada's Solar Rights statute prevents restrictive covenants from prohibiting solar installations on residential rooftops. (LINK)
✅ Utility Incentives
⚡ Net Metering
Nevada requires utilities to offer net metering for systems up to 1 megawatt (MW). For residential customers, systems typically under 25 kW qualify. Excess energy produced by solar panels is credited at 75% of the retail rate, and unused credits roll over to the next billing cycle. (LINK)
⚡ NV Energy Storage Incentive
NV Energy offers an upfront storage incentive for homeowners who add a battery to their solar panel system. The incentive depends on the size of the battery and whether you're on a Time-of-Use (TOU) rate plan. (LINK)
✅ Additional Considerations for Nonprofits
Under the Inflation Reduction Act (IRA) of 2022, tax-exempt organizations such as nonprofits are now eligible to receive a direct payment equal to 30% of their solar installation cost, effectively mirroring the federal Investment Tax Credit (ITC).
Summary
Nevada offers a combination of federal incentives, state tax exemptions, net metering, and utility-level incentives to make solar energy a viable and beneficial investment for individuals, businesses, and nonprofits.