Cost & Savings Breakdown
Based on $150/month electric bill in Sparks
System Size
7.4 kW
Annual Production
13,036 kWh
Gross System Cost
$20,833
Federal Tax Credit (30%)
-$6,250
State Incentive
-$1,000
Net Cost
$13,583
Monthly Savings
$122
CO₂ Offset/yr
11,993 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$0.112/kWh
Peak Sun Hours6 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 Sparks?
Solar in Sparks, Nevada costs approximately $20,833 for a 7.4 kW system. After the 30% federal tax credit, your net cost is about $13,583.
What is the solar payback period in Sparks?
The estimated payback period for solar in Sparks is 9.3 years, based on a $150/month electric bill and local sun hours of 6 hrs/day.
Does NV Energy offer net metering?
NV Energy offers Avoided Cost net metering. Avoided cost rate.