Financial Benefits

Solar power is a sound investment.  Our customers can take advantage of the following financial benefits.

• Reduce or Eliminate Your Electric Bill

  By installing a solar electric system you can eliminate most of your monthly charges, bringing your annual electric bill to zero.  Nevada has very progressive Net-Metering which allows excess power produced during the day and summer to be used at night and during the winter, effectively spinning your meter backwards whenever you are producing more power than you are using.  

• Lock In Low Electricity Rates

  On average, electricity prices have increased about 8% per year for the last 10 years. When you choose solar, you lock in low electricity prices and are no longer dependent on foreign oil or a volatile energy market. As utility rates continue to rise, your investment becomes more valuable.
  

• Special Financing Program

  Our programs may allow you to save money immediately.  In many cases, your payment plus your lower electric bill is less than your current expenses.
  

• Positive Returns

  If you choose not to finance, you can expect positive returns in year one that are much better than most guaranteed savings plans (savings account, certificate of deposit, etc).  

• Federal Incentives Reduce the Price

  As of January 1, 2009, the federal government established the Residential Renewable Energy Tax Credit, which allows you to take 30% of your system cost as a credit against your total tax responsiblity, reducing the taxes you pay.  For more on how this is calculated, see our explanation of the Tax Credit.

• State rebates may be available

  Hamilton Solar continually monitors the rebate program and will assist you in applying for a rebate if requested.  More information can be found at NVEnergy.com. 

• Solar Increases the Value of Your Home

  A recent study from the Appraisal Institute demonstrated that the selling price of homes increased by $20 for every $1 decrease in annual utility bills.