When you decide to switch to solar energy for your home, the options can be overwhelming. We will break down the difference of the most common finance options our customers generally qualify for.

What is the difference between leasing and owning the solar panels on your home?

For Nevada homeowners, the big differences between leasing and owning your solar panels are the financial benefits. NV Energy Rebates and a 30% federal solar energy tax incentives are available to all tax-paying homeowners who get solar installed, but in order to avoid the costs generally associated with installing panels on your roof, you may want to see if you qualify for solar financing options. On the other hand, if you are retired or don’t qualify for the solar tax credits, you may want to consider a lease which is still a very viable option to reduce the cost or your energy consumption as well as your carbon footprint. When you lease a solar energy system, you may miss out on some very important local incentives, not to mention at the end of the lease in order to keep the solar power you may be required to invest more money. The benefits of solar ownership are a no-brainer for those who qualify, especially those who plan to stay in the home or sell down the road as solar makes your home more attractive to buyers and financially rewards the valuation of your home.

• 30% Federal Tax Credit for Homeowners who switch to Solar Power
• NV Energy Rebate Program (Generally between $1,500 and $2,000 for most qualified homeowners)
• Nevada State Net Metering Incentives (Current already at tier 2, your local Nevada power company credits you 88% of the energy you produce and don’t consume, which directly benefits you by not needing expensive batteries for your homes solar system)
• Property Value Increases for Solar Powered Homes (with approx. $4,000 in home equity per kW)

NV Energy will actually send you a rebate check towards the solar energy for your home. This rebate is performance-based, and homeowners can earn $245/kW in rebates. That means a very common 10kW solar system would benefit a Nevada homeowner $2,450 towards the cost of solar panels.

When you decide to switch to solar energy for your home, the options can be overwhelming. We will break down the difference of the most common finance options our customers generally qualify for.

What is the difference between leasing and owning the solar panels on your home?

For Nevada homeowners, the big differences between leasing and owning your solar panels are the financial benefits. NV Energy Rebates and a 30% federal solar energy tax incentives are available to all tax-paying homeowners who get solar installed, but in order to avoid the costs generally associated with installing panels on your roof, you may want to see if you qualify for solar financing options. On the other hand, if you are retired or don’t qualify for the solar tax credits, you may want to consider a lease which is still a very viable option to reduce the cost or your energy consumption as well as your carbon footprint. When you lease a solar energy system, you may miss out on some very important local incentives, not to mention at the end of the lease in order to keep the solar power you may be required to invest more money. The benefits of solar ownership are a no-brainer for those who qualify, especially those who plan to stay in the home or sell down the road as solar makes your home more attractive to buyers and financially rewards the valuation of your home.

• 30% Federal Tax Credit for Homeowners who switch to Solar Power
• NV Energy Rebate Program (Generally between $1,500 and $2,000 for most qualified homeowners)
• Nevada State Net Metering Incentives (Current already at tier 2, your local Nevada power company credits you 88% of the energy you produce and don’t consume, which directly benefits you by not needing expensive batteries for your homes solar system)
• Property Value Increases for Solar Powered Homes (with approx. $4,000 in home equity per kW)