Is Electrification Worth It in Nevada?

Las Vegas: 2,600 heating degree days, 3,200 cooling degree days, and NV Energy.

You run AC from May through September. Heating is light but you still need it—desert nights get cold. Electricity costs $0.13/kWh. Natural gas runs $1.30/therm but isn't available everywhere. NV Energy offers solar rebates and net metering (though they keep trying to kill it).

Heat pumps make sense for most Nevada homes. Your cooling load is the big cost, and a high-SEER heat pump will save $350-600/year compared to an old AC unit. Pair it with solar and you're looking at near-zero summer electric bills. Solar payback in Nevada is 6-8 years—pretty solid for the desert.

Updated December 2024Data from EIA, DSIRE, NREL
Heat Pump Payback
Not Recommended
With incentives
Annual Savings
$2,445
Full electrification
Available Incentives
$11,300
Federal + state + utility
CO₂ Reduction
12.1 tons
Per year

Nevada Energy Costs

Electricity Rate
$0.135/kWh
Natural Gas Rate
$1.35/therm
Average Electric Bill
$145/month
Average Gas Bill
$52/month
Climate Zone
hot
Heating Degree Days
3,200
Cooling Degree Days
2,400

Visual ROI Analysis

Payback Period Comparison

Lower is better • Shortest payback = fastest return on investment

Annual Savings Comparison

Higher is better • More annual savings = greater long-term benefit

Cumulative Net Savings Over Time

Point where line crosses $0 = payback achieved • Steeper line = faster savings growth

Return on Investment by Upgrade

🌡️

Heat Pump HVAC

Upfront Cost$12,000 - $22,000
Total Incentives-$2,800
Net Cost$9,200 - $19,200
Annual Savings$9/yr
Payback PeriodNot Recommended
Lifetime ROI7%
CO₂ Reduction1.8 tons/yr
☀️

Solar Panels

Upfront Cost$15,000 - $30,000
Total Incentives-$4,500
Net Cost$10,500 - $21,000
Annual Savings$1,094/yr
Payback Period15.1 years
Lifetime ROI142%
CO₂ Reduction3.8 tons/yr
💧

Heat Pump Water Heater

Upfront Cost$2,500 - $4,500
Total Incentives-$2,600
Net Cost$-100 - $1,900
Annual Savings$203/yr
Payback Period6.0 years
Lifetime ROI67%
CO₂ Reduction1.8 tons/yr

EV Charger + Electric Vehicle

Upfront Cost$800 - $2,500
Total Incentives-$1,400
Net Cost$-600 - $1,100
Annual Savings$1,140/yr
Payback Period0.3 years
Lifetime ROI1475%
CO₂ Reduction4.8 tons/yr

Full Electrification Package

Total Upfront Cost
$30,300 - $59,000
Total Incentives
-$11,300
Net Cost After Incentives
$19,000 - $47,700
Annual Energy Savings
$2,445/year
Lifetime Savings (18 years)
$44,018
Simple Payback
15.3 years
💡

Best ROI for Nevada

Based on your state's energy costs and climate, EV Charger offers the best return on investment with an average payback of 0.3 years and an ROI of 1475%.

0.0 years slower than average compared to the national average.

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