Cost & Savings Breakdown
Based on $150/month electric bill in Elko
System Size
6.9 kW
Annual Production
12,269 kWh
Gross System Cost
$19,286
Federal Tax Credit (30%)
-$5,786
State Incentive
-$1,000
Net Cost
$12,500
Monthly Savings
$122
CO₂ Offset/yr
11,287 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityNV Energy
Net Metering PolicyAvoided Cost
Compensation RateAvoided cost rate
Capacity Limit100% of consumption
Electricity Rate$0.119/kWh
Peak Sun Hours6.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Nevada State Incentive — Nevada offers a property tax abatement for solar installations.
Common Questions
How much does solar cost in Elko?
Solar in Elko, Nevada costs approximately $19,286 for a 6.9 kW system. After the 30% federal tax credit, your net cost is about $12,500.
What is the solar payback period in Elko?
The estimated payback period for solar in Elko is 8.6 years, based on a $150/month electric bill and local sun hours of 6.1 hrs/day.
Does NV Energy offer net metering?
NV Energy offers Avoided Cost net metering. Avoided cost rate.