15 Best Solar Companies in Las Vegas, NV (May 2022 Review)

The Cost and Benefits of Solar in Las Vegas

We understand that for lots of homeowners, the choice to invest in solar depends on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 26% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $23,000 over 20 years on your energy bills.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Typical energy usage: The more power your home consumes on average and the steeper your current power bills are, the more benefits you'll see from switching to solar.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Las Vegas

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. These incentives mostly include cash rebates, tax credits and/or performance-based incentives. They can cut the cost of going solar by 26 to 50% in some cases. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Las Vegas

One of the most compelling reasons to switch to solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. A question many homeowners might be asking themselves is how much can they really help preserve the environment by going solar anyway? In a city like Las Vegas where energy use is rather high, going solar is a good idea for those who are worried about the state of the planet. In Las Vegas, the average homeowner can reduce their carbon footprint by 100 pounds a year once they go solar. As you can see, trading traditional energy for solar has so many other benefits beyond saving money. One of the main ones is that you can help save the planet too.