Nevada Residential Incentives
Homeowners who pay Federal income taxes are eligible for the Residential Energy Tax Credit if they purchase premium-efficiency appliances, heating and cooling systems, duct systems, closed-loop geothermal space or water heating systems, solar water and space heating systems, photovoltaics, wind, fuel cells, and alternative fuel vehicles and charging or fueling systems.
The solar technologies have the most incentives of all renewable energy methods because it's low maintenance, non-mechanical nature, and the abundance of sun that we have in the U.S. You can spend days reading through the fine details of incentives that would apply to you, but let us break it down for you:
- It’s great for the environment.
- You can gain independence from the Utility Electricity Grid.
- You can see up to a double digit return on investment.
- The government currently pays for the majority of all solar systems!
- A solar system can pay for your roof! The 30% Federal tax credit given for solar purchases can also apply to a new roof. If you need to replace your roof you need to take advantage of this.
- When you refinance your home and take advantage of these low interest rates you can maximize your home value by purchasing a solar system that will not only pay for itself, but make you money!
- According to the national appraisers association the value of your home goes up $20 for every $1 saved in electricity annually. That means an average 4.2 kilowatt system will increase the value of your home by over $20k.
State and Federal Incentives Complete Guide
