Technically, solar panels are not free in Nevada. However, a typical solar lease or solar power purchase agreement (PPAs) program is available to acquire solar panels at a zero-dollar down payment.
Lease companies offer buyers solar panels for no cost, but the buyer has to pay for the installation. Thus, it is suitable for you as a buyer to understand the status you put yourself in due to your mode of solar purchase.
Enter your zip code to see if you qualify for solar incentives!
Do I Qualify?
Please enter a zip code
Nevada Free Solar Panels: Financing and Purchasing Options
Here are some of the purchasing options available for Nevada residents:
A cash purchase of your solar system (outright payment) is a type of solar payment that hands you eligibility for solar incentives and rebate programs. This usually yields the best return on investment after over 25 years of acquisition. Forget about the high initial payment; cash purchase gives you the best financial return.
Personal loan purchases come with a zero or low upfront payment. If you make a solar panel purchase through a personal loan, you are eligible for solar rebates and incentive programs; the problem is that you retain a saving cost relatively low compared to outright payment.
Moreover, the payback time on your solar panel acquisition largely depends on your utility company's interest rate, solar size, upfront cost, and energy efficiency. And lastly, you have between two and seven years of solar acquisition for repayment of your lease based on the agreement.
Solar Leases or PPAs
If you want a no-cost maintenance method to acquire your solar energy, PPA is excellent for you. It's an easy way for homeowners to purchase a solar system with zero upfront payment. But the fact that you don't own the solar equipment adds zero to no value to your home, making it best suited for non-residential usage.
In addition, you can sign PPAs for up to 20 to 25 years. However, the most significant disadvantage is that you give up the NV solar rebate and incentive programs benefits to the actual solar system owner.
Which Option Is Best For You?
All the solar financing options are important to understand. Thus, EcoGen provides outstanding purchasing options that guide you to solar system ownership.
Contact us today to get professional advice on solar purchases of your choice at the best discount.
Do you live in Nevada? Find out how to get FREE solar panels!
Technically, solar panels are not free in Nevada. However, a typical solar lease or solar power purchase agreement (PPAs) program is available to acquire solar panels at a zero-dollar down payment. Find out if you qualify for 0% down solar financing.
Yes. Nevada does have several solar incentives and programs to help reduce the costs of investing in solar panels in NV. These include Investment Tax Credits, Net Metering, and Solar Access Laws. Find out if you qualify for Nevada Solar Tax Credits