Why home batteries make sense in Nevada
Home batteries make sense in Nevada for three main reasons. First, as of the date of this blog, there is an incentive program that can pay 50% of the cost of the batteries up to a maximum of $3,000. Secondly, Nevada has high evening electric rates. Home batteries can power a home during those expensive peak rate hours. Third, blackouts happen, and home batteries can provide power to a home during a blackout.
Zero down financing options offered by Freedom Forever
Nevada Residential Storage program
The Nevada Residential Storage program is open to Nevadans who install combined solar and battery systems from 4 kilowatts up to 100 kilowatts in capacity. There are two incentive levels in the program that are based on how the customer is billed:
- Time-of-use (TOU) rate: $0.22 per watt/hour up to 50% of the system cost not to exceed $3,000
- Flat rate: $0.11 per watt/hour up to 50% of the system cost not to exceed $3,000
An example of how the Nevada Residential Storage program works
Freedom Forever carries and installs the LG Chemcell 9.8 kilowatt-hour battery.
- TOU rate = 9,800 watt/hours * $0.22 = $2,156 maximum credit
- Flat rate = 9,800 watt/hours * $0.11 = $1,078 maximum credit
Home batteries work great with Time-of-Use rates because the batteries power your home during peak rate hours. The batteries then recharge during the day when the sun is shining. Thus your home is powered during the day from solar, and in the evenings with batteries. This reduces your dependence on expensive electricity from the utility company.
Home batteries are eligible for the federal tax credit for renewable energy
If you collected the federal renewable energy tax credit when you went solar, you may be eligible to collect it again if you add batteries to your solar system. Currently, the tax credit will cover 26% of the installed cost of the batteries. But you have to act soon. The federal renewable energy tax credit will be reduced to 22% in 2021. After that, it will be phased out entirely.
Freedom Forever makes solar and home batteries make sense in Nevada
If you are ready to go solar in Nevada, Freedom Forever can help you go solar with confidence. Our 25-year production guarantee means that you get guaranteed power production from your solar system for a full 25 years.
Freedom Forever guarantees that the solar system will produce the electricity promised with our 25-Year Production Guarantee.
What we do if there is a problem. We monitor your system for 25 years. If we detect that its performance is falling short, we’ll contact you and send someone out to fix it. If the shortfall is caused by something that is our fault, we will compensate you for the shortfall. The amount of compensation you receive will be listed in your contract with us.
However, your actual savings will depend on your usage and electricity rates in your area. You should carefully consider if the usage and rates shown in your proposal are appropriate.