Solar panels Nevada:

Prices, incentives and best companies 2024

Avg NV solar panel cost:

$8,992 - $10,991*

Avg 25 year savings:

$25,523 - $31,195

Avg payback period:

7.4 - 9.1 years

Estimate cost and savings based on your location and power usage

* Cost data based on quotes for fully-installed solar panel systems submitted on our platform. Prices are shown after applying the 30% federal tax credit.

Nevada solar panels guide 2024

Updated December 6, 2022

Nevada has had a rocky past with solar, but with the return of net metering, things may be heading in the right direction.

Nevada has had a rocky past with solar, but with the return of net metering, things may be heading in the right direction.

The state revised its renewable portfolio standard (RPS) to require utilities to derive 50% of their energy from renewable sources by 2030. The ambitious goal of increasing renewable energy targets may lead utilities to create new incentive programs.

Between the reinstated net metering and the federal tax credit, you can save a lot on your electric bills if you act fast.

On this page:

Solar power prices, savings and payback in your part of Nevada

The average cost for an installed residential solar system in Nevada is currently $10,970 after claiming the 30% federal solar tax credit. This is $2.61 per watt. However, there is some variance in solar prices in different parts of the state. The graph below shows the average cost of installed solar systems in your part of the state.

Showing data for:

Prices based on a 5.4kW system, after 30% federal tax credit

Cost range of local prices


Net profit (savings less system cost)


Payback period

7.4-9.1 years

Recommended size for the selected utility bill


Solar panel cost calculator

Cash flow graph based on cash purchase of a 5.4kW system

Are solar panels worth it in Nevada

Solar panels have fallen in price by more than 80% in the last ten years. In 2022 they also remain subsidized by the 30% federal tax credit and the net metering law, making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.

Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.

Levelized cost of solar energy
Levelized cost per kWh is the cost of the solar system divided by the total number of kWh produced by a solar system over it’s lifetime

5¢ /kWh

If you don't get solar

30¢ /kWh

(forecast avg Nevada electric rates over the next 25 years)

NV solar panel cost calculator

Best 10 solar installers in Nevada


Nevada solar incentives & tax credits

Federal solar tax credit

The most significant incentive to install solar panels for homes and businesses in Nevada is the 30% federal solar tax credit. The credit allows you to deduct 30% of solar installation costs from your federal income taxes. For example, you can reduce your income taxes by $6,000 if you spend $20,000 on a solar installation!

Net metering

Net metering allows you to get credited by your utility company for the amount of solar energy you produce but aren’t able to use onsite. 

Unfortunately, utilities in Nevada don’t credit excess solar energy at the full retail rate of electricity. Instead, every kilowatt-hour of solar electricity you send back to the grid is credited at 75% of the retail rate. That’s currently about $0.07 per kilowatt-hour. 

The value of exported solar decreases as more solar panels are installed, so it’s important to install solar sooner rather than later to get the best savings possible!

Exact pricing varies depending on your utility, so be sure to check your electric provider’s website for more details.

Nevada Energy Powershift incentive

NV Energy doesn't offer solar incentives, but they provide rebates for homeowners who install battery storage. If you use Time of Use energy rates, you can earn $0.19 per watt-hour of storage installed, up to $3,000. 

Without Time of Use rates, you qualify for an incentive rate of $0.095 per watt-hour of storage capacity, up to $1,500. The value of the incentive cannot exceed 50% of the battery equipment costs. 

So, if you are on a Time of Use rate, you could earn a rebate of $2,565 on a Tesla Powerwall battery! The rebate would be $1,283 for the same battery if you're on a different rate plan.

Table 2: Available incentive programs
Eligibility: Federal incentive
Type: Personal Tax Credit
Eligibility: State incentive
Type: Net Metering

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Top models of solar panel installed in Nevada 2024

Average cost of solar panel installation in Nevada by system size

System size*
Cash purchase

(After tax credit)

Financed purchase

(After tax credit)

4kW $11,420 $12,219
5kW $13,690 $14,648
6kW $15,672 $16,769
7kW $18,095 $19,362
8kW $20,960 $22,427
9kW $22,779 $24,374
10kW $25,040 $26,793

Find city information in Nevada


Home solar basics

Is it better to lease or buy solar panels in Nevada

You will save most money by buying your solar system rather than leasing it. Read more about the pros and cons of leasing vs buying solar.

How long do solar panels last?

Minimum of 25 years but generally 30 or more

How do solar panels work on a home?

Solar panels power your house when they can but your home uses the utility company for power at other times. In 2024 "solar systems with battery storage" are becoming more popular. These are known as hybrid systems.

How do solar panels work?

Grid-tied solar system

A grid-tied system is the most common type of solar system. It has no solar battery for backup power and utilizes net metering to maximize savings. Solar panels are mounted on your roof then wired together, and the power generated flows into an inverter where direct current (DC) electricity is converted into alternating current (AC) electricity. This electricity is either used by your home or is exported to the utility grid.

Hybrid solar system

In hybrid solar systems, rooftop solar panels are connected to both a solar battery and the electric grid. The solar electricity generated by your panels that your home does not use is stored in the battery instead of being sent to the grid, which reduces your reliance on the utility while also providing backup power when needed. Battery storage is still expensive but you may be able to reduce costs by using state incentives.

Off-grid solar system

Off-grid solar systems are not connected to the grid at all, so all of your energy needs must be met by the sun. There is no utility to fall back on. The solar installation needs to power your home not only during the day, but after dark as well, so many solar panels and a large battery system are required. These systems are often expensive and don’t make sense for homes that have access to the grid.

Read more about types of home solar systems.

Do solar panels require regular maintenance?

No, but cleaning them can improve power generation if they are dirty.

Will residential solar power system cost fall in Nevada in 2024?

Given this environment, and the effect of import tariffs placed on solar panels by the Trump administration during 2018, it is hard to see that solar power system prices in Nevada will fall during 2024.

How much electricity do solar panel systems generate in Nevada?

Depending on the location, solar panels will generate different amounts of electricity.

A solar system that is installed on a south-facing 29-degree pitch roof Nevada will generate 1,471kWh of peak DC (direct current) capacity per year per 1kW in the Las Vegas area.

Enter your details into the solar panel calculator to see how your location, roof tilt, and roof direction impacts solar panel production.

What are the pros and cons of installing solar panels in Nevada?

The advantage of installing solar panels in Nevada is the excellent sun exposure, so your solar panels produce much more energy than they would in other states. High levels of solar irradiance coupled with net metering translates into huge savings on your electric bill. This, in addition to the federal tax credit, can cover a significant portion of your installation costs.

The disadvantage of installing solar panels in Nevada is that neither the state nor the utilities offer many incentives outside the battery rebate. To maximize your electricity bill savings, you want to go solar as soon as possible before export rates decrease!

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

What you can learn from our state solar panel calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - it tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Nevada solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.

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