Rising Energy Costs

About the only sure bet in Las Vegas is your utility bill increasing. The electric rate homeowners are paying in Southern Nevada has almost doubled in the last ten years (81% since 3/1999). With NV Energy’s proposed 17.5% rate increase set to take effect September 1, 2009 (if approved) and another proposed general 3.6% rate increase set to take effect only one month later on October 1, residents in Southern Nevada will be paying almost 22% more for their electricity than they are presently.

What will you be paying ten years from now?

An investment in a renewable energy system today will help mitigate those costs in addition to providing clean, pollution-free power for your home or business for years to come.

Be Your Own Power Provider

Even when the day comes that the electricity you purchase from your local utility company is being generated entirely using clean, renewable sources such as wind and solar, you will still have a monthly bill. You can start generating your own power today, effectively locking-in your electric rates and potentially lowering your monthly utility bill to only a few dollars.

Incentives

Both the state of Nevada (through NV Energy) and the federal government offer individuals and businesses financial incentives to purchase and install renewable energy.

In 2009, the federal government removed the $2,000 cap on the renewable energy tax credit for individuals, which means you can instantly save 30% of the total system cost (purchase and installation) no matter how large or small!

NV Energy’s SolarGenerations Program

Applications for the 2010-2011 program year will be accepted in early 2010. The 2010-2011 program year rate schedule is $2.10 per watt. Residential customers can receive a maximum rebate of $10,500 (up to 5 kW) and commercial customers can receive a maximum rebate of $63,000 (up to 30 kW).

Personal Federal Tax Credit

Individuals can claim 30% of qualified renewable energy system expenditures as a credit against the individual’s tax liability at year-end. The balance of the credit can be carried forward to the following year if in excess of that year’s tax liability and the system does not have be installed on the primary residence to qualify for the tax credit.