LAS VEGAS (FOX5) — A new financing program in Nevada is aimed at helping homeowners lower the cost of going solar, even after the federal residential tax credit expired.
The Nevada Bright Program uses a prepaid lease model for solar and battery systems.
Organizers say the prepaid lease model can lower the cost of a system by 15 to 25 percent without the typical upfront expense. It also provides a pathway to ownership, service and warranty coverage.
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One Las Vegas homeowner said his monthly power bill dropped after installing solar.
“The process was just seamless. They did their inspection of the house. I’ve saved hundreds of dollars just on my monthly bill. Like, my monthly bill now is $23, $18 to $20,” Darryl Rogers, a solar customer, said.
The program also includes battery storage, which organizers say can help provide backup power and limit exposure to future rate increases.
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