Cost & Savings Breakdown
Based on $150/month electric bill in Fernley
System Size
8.1 kW
Annual Production
14,038 kWh
Gross System Cost
$22,816
Federal Tax Credit (30%)
-$6,845
State Incentive
-$1,000
Net Cost
$14,971
Monthly Savings
$122
CO₂ Offset/yr
12,915 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$0.104/kWh
Peak Sun Hours5.9 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 Fernley?
Solar in Fernley, Nevada costs approximately $22,816 for a 8.1 kW system. After the 30% federal tax credit, your net cost is about $14,971.
What is the solar payback period in Fernley?
The estimated payback period for solar in Fernley is 10.3 years, based on a $150/month electric bill and local sun hours of 5.9 hrs/day.
Does NV Energy offer net metering?
NV Energy offers Avoided Cost net metering. Avoided cost rate.