If you live in Nevada, you have [a lot of sunlight](/content/solar/what-are-peak-sun-hours/index.html) you can put to work generating electricity. In fact, more than [30% of the state’s electricity comes from solar power](https://seia.org/state-solar-policy/nevada-solar/).

Nevadans could [save with home solar panels](/content/solar/how-to-save-on-electric-bill-costs-with-solar-panels/index.html), and solar incentives can boost those savings and reduce [solar payback periods](/content/solar/solar-panel-payback-period-guide/index.html). Here’s what you need to know about solar incentives in Nevada.

## Nevada Net Metering Program

Most Nevadans who install a solar energy system on their homes will be eligible for [net metering](/content/learning-center/blog/net-metering-for-home-solar/index.html). In general, net metering is a billing mechanism that allows you to earn credit toward your electricity bill for excess solar energy you don’t use and send to [the grid](/content/learning-center/blog/the-grid-beginners-guide-to-the-electric-grid/index.html).

The details of net metering can vary by state and even utility. Under a variation of net metering called monthly net metering, every kilowatt-hour you send to the grid offsets one kilowatt-hour you buy from the grid in the same billing cycle. Any extras get rolled over to the next month at a reduced rate.

Nevada’s main electric utility, [NV Energy, offers monthly net metering](https://www.nvenergy.com/account-services/energy-pricing-plans/net-metering/nmr-405) where electricity you send to the grid offsets electricity you buy from the grid at nearly a 1-to-1 rate in the same billing cycle. For solar panel systems less than 25 kilowatts, credits that roll over to future months do so at a rate of 75% of the retail rate of electricity.

_Credit: SEIA_

## Federal Solar Tax Credit

Most Nevada residents are eligible to claim the [federal solar tax credit](/content/learning-center/blog/everything-you-need-to-know-about-the-solar-tax-credit/index.html) — more formally called the [Residential Clean Energy Credit](https://www.irs.gov/credits-deductions/residential-clean-energy-credit). In 2025, eligible homeowners can deduct up to 30% of the cost of their solar panel and all solar system component installation from their federal income taxes. The credit will be eliminated at the end of 2025.

[Battery storage](/content/solar/homeowners-guide-home-battery-backup/index.html) can also qualify for the Residential Clean Energy Credit.

It’s important to note tax credits are not a refund or a rebate. Rather, homeowners will need to have [federal tax liability](/content/learning-center/blog/solar-tax-credit-what-if-your-tax-liability-is-too-small/index.html) (i.e. they must owe taxes) in order to benefit.

## Go Solar in Nevada with Palmetto

Are you interested in going solar? Our energy experts can help you navigate the process of installing a solar energy system on your home, so you make the most out of your investment in clean energy.

To begin your solar journey, you can use our [solar savings calculator](https://luminance.palmetto.com/home/buy-solar/step-1) to estimate what you could save.

## Frequently Asked Questions

**Do solar panels increase home value?**

Solar panels and solar power have been proven to raise home value for the vast majority of homeowners. A Zillow report showed [home value increased by an average of 4.1% for homes with solar panels](/content/solar/solar-panels-increase-home-value/index.html).

**How much does a home solar power system cost?**

The [cost of a residential solar system](/content/solar/how-much-do-solar-panels-cost/index.html) varies due to multiple factors including your location, the system size, installation and labor in your area, and if you want energy storage for backup power.

_Disclaimer: This content is for educational purposes only. Palmetto does not provide tax, legal, or accounting advice. Please consult your own tax, legal, and accounting advisors._