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#6 Solar ROI State

Solar Panel ROI in Nevada (NV)

Nevada averages 1,700 kWh per installed kW per year. At $13.2¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $12,806.

$12,985
System Cost (After Credits)
$12,806
25-Year NPV
8 years
Payback Period
$0.113/kWh
Solar LCOE

Solar Cost Breakdown in Nevada

7 kW system (2.65/W)$18,550
Federal ITC (30%)-$5,565
Net Cost$12,985

Solar Production in Nevada

Nevada receives an average of 1,700 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 11,900 kWh in year one, declining by 0.5% annually due to panel degradation.

At Nevada's average residential rate of $13.2¢/kWh with 4% annual escalation, first-year savings are $1,571. The solar LCOE of $0.113/kWh is 14% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in Nevada

Net billing at 75% of retail rate. Solar exempt from property tax.

Solar by Utility in Nevada

NV Energy

Avg Rate: $13.2¢/kWh
Structure: TOU
Peak: $22.5¢/kWh / Off-Peak: $6.8¢/kWh
View analysis ›

Solar FAQ for Nevada

How much does solar cost in Nevada?
A typical 7 kW residential solar system in Nevada costs $18,550 before incentives. After the 30% federal ITC, the net cost drops to $12,985.
What is the solar payback period in Nevada?
Based on the average NV utility rate of $13.2¢/kWh and local solar irradiance of 1,700 kWh/kW/year, a 7 kW system typically pays for itself in 8 years. The 25-year NPV is $12,806.
Does Nevada have net metering?
Net billing at 75% of retail rate. Solar exempt from property tax.
What is the LCOE of solar in Nevada?
The levelized cost of solar energy in Nevada is approximately $0.113/kWh, compared to the current average utility rate of $13.2¢/kWh. Solar electricity costs 14% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in Nevada?
Nevada receives approximately 1,700 kWh of solar energy per installed kW per year. A 7 kW system produces about 11,900 kWh in its first year, enough to offset 113% of the average U.S. household's electricity consumption.

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Solar ROI in Similar States

California

NPV: $41,579 · Payback: 5yr
Rate: $28.2¢/kWh · #1 ranked

Hawaii

NPV: $68,203 · Payback: 3yr
Rate: $39.8¢/kWh · #2 ranked

New York

NPV: $20,948 · Payback: 6yr
Rate: $22.2¢/kWh · #3 ranked

Massachusetts

NPV: $27,033 · Payback: 6yr
Rate: $28.2¢/kWh · #4 ranked

Arizona

NPV: $14,954 · Payback: 8yr
Rate: $13.2¢/kWh · #5 ranked

Connecticut

NPV: $24,321 · Payback: 7yr
Rate: $27.2¢/kWh · #7 ranked

Get Your Nevada Solar Analysis

These are averages. Your ROI depends on your specific utility, consumption, roof, and system size. Run a personalized 25-year NPV analysis — free.

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