be an environmental hero

and save some money in the process

It's simple to guestimate the savings solar power can bring you. If your monthly electric bill is more than $100, you could save money every month with a solar electric system. MOst residential and commercial buildings fit into this mold.

Even if you finance the cost of your system, the loan payment plus your new, lower electric bill will usually be less than your current bill. Your savings start the moment you install your system, and your system will pay for itself over time.

Some homeowners may even earn back two to three times the cost, depending on the size of their home and the size of the system installed.

The Brilliant Financial Benefits

Here's what you can expect when you choose to go solar:

Savings every month. A solar electric system installed by Aspen Electric powers your home so you can use considerably less electricity from the NV Energy. In many cases you can feed power back into the grid.

State rebates and federal tax credits. Nevada's public utility rebates and the federal government's tax credits can help pay for a substantial percentage of your system and installation.

Solar gives you protection against electricity rate hikes. Imagine that you had been able to lock in automobile gas prices in 2004. You’d be paying less than $2 a gallon not only today, but also for decades to come. With every gas price increase, you’d be saving even more money. That’s exactly what you’re doing with the cost of electricity when you install a solar electric system. In 2006, some states saw the highest tier residential rates jump as much as 55% in just one year.

Solar increases the value of your home. In a time when A solar electric system can increase a home's value by reducing its annual operating costs.

Your utility meter spins backwards with Net Metering. Net metering is available in nearly every state including the District of Columbia and Puerto Rico to help increase your savings. With net metering, your electric meter tracks your net power usage, spinning forwards when you use electricity from the utility, and backwards when your system is generating more electricity than you need.

Solar Comes With Big Financial Incentives

Residential Renewable Energy Tax Credit
Last DSIRE Review: 02/19/2009 
Incentive Type: Personal Tax Credit Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies Applicable Sectors: Residential Amount: 30% Maximum Incentive
Solar-electric systems placed in service after 12/31/08: no maximum
Solar water heaters placed in service after 12/31/08: no maximum
Wind turbines placed in service after 12/31/08: no maximum
Carryover Provisions:Excess credit may be carried forward to succeeding tax year
 
Solar-electric property  - 30% tax credit

    * There is no maximum credit for systems placed in service after 2008.
    * Systems must be placed in service from January 1, 2006, through December 31, 2016. 
    * The home served by the system does not have to be the taxpayer’s principal residence.

Renewable Generations is the incentive program from NV Energy that helps customers across Nevada save money and protect the environment by helping to offset the installation costs of renewable energy systems. RenewableGenerations has three components:

    * SolarGenerations offers rebates to customers for installing photovoltaic systems
    * WindGenerations offers rebates to customers for installing wind generating systems
    * HydroGenerations offers rebates to customers for installing hydro generating systems on their agricultural property.