Nevada Zero Interest Solar Panel

The solar program is subject to changes made by the nevada legislature and the pucn.

Nevada zero interest solar panel.

There has never been a better time to invest in a residential pv home solar panels system. A low interest loan with a short payback period is the next best financing option. Basically the state used to have excellent net metering rules but in late 2015 the public utilities commission of nevada pucn voted to amend net metering allowing nv energy to increase monthly service charges by 300 on solar homeowners while at the same time paying 82 less for the energy their panels generate. Regardless of the exact cost of installation there are many affordable financing options for solar panel systems.

A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. In exchange you pay a fixed monthly rent which is based on the estimated electrical production of your system. The solar program is defined by the legislature in nrs 701b 010 701b 280. One way to finance a solar energy system is with a 0 down solar lease.

Its power cost nv about 135 per megawatt hour compared with less than 30 per mwh today at a new nevada photovoltaic solar farm according to bloombergnef which researches fossil fuel. Often solar loans also don t have a required down payment and they replace the electricity bill which makes transitioning from an electricity bill to solar all the more seamless. Among the many communities we serve are las vegas reno sparks henderson elko. However make sure the numbers for the loan make sense.

The pucn regulates the solar program through regulations adopted in nac 701b 050 701b 185 and through examining the utilities annual plan filings. With a solar lease you enter into an agreement with a leasing company for the energy that your solar panels generate. In nevada the average solar payback period is 8 94 years. In nevada no contract or other legal document like homeowner s association bylaws can prohibit homeowners from installing solar.

We offer zero down solar loans to minimize the upfront installation costs and make the system affordable don t get trapped in the lease game. Nv energy proudly serves nevada with a service area covering over 44 000 square miles. Reno nv solar loans. More nevada families and small businesses are slated to have access to solar energy with a new law.

Our installers are trained and state certified to guarantee that you will have a worry free installation. We also provide natural gas to more than 145 000 customers in the reno sparks area.