Solar ROI Calculator for Reno, NV

Stop guessing. See exactly how much the 30% Federal Credit saves you in 89501.

Calculate Savings for Reno (89501)

$150

Fetching NREL Solar Data for Reno...

25-Year Savings

$57,563

Break-Even

11.7 Years

Net Cost

$23,380

Get 3 Official Quotes for 89501 →

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Is Solar Worth it in Reno?

Residents of Reno look to solar primarily for stability. Locking in your energy costs now protects you from future rate hikes that are expected to hit the region in the coming years.

Homeowners in Reno are currently paying an average of 11.2 cents per kWh. Solar in Nevada is currently a lifestyle choice for energy independence rather than a purely short-term financial play.

With the Federal Solar Investment Tax Credit (ITC) currently set at 30%, a typical 6kW to 10kW residential system in the 89501 area can typically pay for itself in just 9.2 to 9 years. After this "break-even" point, your system generates effectively free electricity for the remainder of its 25-year lifespan.

Key Reno Statistics

  • Avg Rate: 11.2¢ / kWh
  • Sun Exposure: High (Southern US)
  • Est. Payback: 9.2 Years
  • Incentive: 30% Federal ITC

State Incentives for NV

Beyond the federal credit, residents of Reno should check for local net metering policies offered by their specific utility provider. These policies determine how much you get paid for sending excess energy back to the grid.

Frequently Asked Questions in Reno

Is solar worth it in Reno, NV?

Yes. With electricity rates in Reno currently averaging 11.2 cents/kWh, most homeowners see a break-even point between 6-9 years. This is significantly better than the national average.

Does the 30% Tax Credit apply to residents of NV?

Absolutely. Homeowners in Reno are eligible for the 30% Federal Investment Tax Credit (ITC). This is a dollar-for-dollar reduction in the income tax you owe.

How long do solar panels last?

Modern tier-1 solar panels are warrantied for 25 years but often last 30+ years. Our calculator accounts for a 0.5% annual degradation in efficiency.

What is Net Metering?

Net metering allows you to sell excess electricity back to the grid. Policies vary by utility company in your area, but it is a key factor in maximizing ROI.

Methodology: How We Calculated This

  • Irradiance: NREL PVWatts® V8 API data for coords 39.5296, -119.8138.
  • Escalation: Conservative 2.5% annual utility rate increase.
  • Degradation: 0.5% annual panel efficiency loss.

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