Alternative Energy Nevada: Incentives to Install Solar Panels in NV
An energy bill designed to encourage energy efficiency and boost the usage of alternative energy by Nevada’s utilities was one of the last bills approved by lawmakers before they adjourned their special session.
The measure directs the Nevada Commission on Economic Development to approve a fifty percent property tax reduction for up to ten years to owners who have buildings that meet energy conservation standards.
Under the bill, alternative energy systems such as PV solar panels and home wind energy turbines are exempt from sales taxes.
Installers of photovoltaic solar panel systems, which convert sunlight into electricity, will need to be licensed.
The measure also allows Nevada Power and Sierra Pacific Power to get energy credits for energy efficiency programs that can be used to meet part of their alternative energy requirements under the state’s renewable energy portfolio law.
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Tags: Alternative Energy Systems, Energy Bill, Energy Conservation Standards, Energy Credits, Energy Efficiency Programs, Energy Portfolio, Energy Requirements, Fifty Percent, Home Wind Energy, Lawmakers, Nevada Commission, Nevada Power, Property Tax Reduction, Renewable Energy, Sales Taxes, Sierra Pacific Power, Solar panel, Solar Panels, Special Session, Wind Turbines
