Some of the flattest rates around
Nevada Power Company's average residential electricity price has risen from 13.18 cents per kWh in 2015 to 13.08 cents in 2025, an increase of about 10 percent, or roughly 1.0 percent per year. The chart shows Nevada Power (NV Energy South)'s average residential price by year. Hover any point for the exact figure.
Nevada's declining ladder, and where it stopped
- Tier 1, 95%
The 2017 law opened with exports worth 95 percent of retail. Closed in 2018 once its capacity filled.
- Tiers 2 and 3
88 percent closed in 2019, 81 percent closed in 2020, each filling its statewide capacity allotment.
- Tier 4, 75%
The final tier, open now with no capacity cap. Every new residential system up to 25 kW enrolls here.
- 20 year lock
Whatever tier you enrolled under stays with that location for 20 years, so a system connected today keeps 75 percent through roughly 2046.
Current residential rates
Nevada Power (NV Energy South) residential rates are shown below, from the utility's published tariffs and the public Utility Rate Database. Rates vary by plan, season, and usage and change over time.
| Plan | Energy charge | Fixed / basic |
|---|---|---|
| Residential Single-Family (RS) - standard single rate | 12.093 cents/kWh (total effective rate, all riders included; base BTGR+BTER 11.780) | $18.00/month basic service charge |
| Residential Multi-Family (RM) | 10.718 cents/kWh (total effective rate) | $8.20/month basic service charge |
| Optional Single-Family Time-of-Use (ORS-TOU) | Winter 8.816 cents/kWh; Summer off-peak 7.463; Summer on-peak 47.313 cents/kWh (6:01-9 p.m. Jun-Sep), plus riders | $18.00/month basic service charge |
Rates are bundled (generation + transmission + distribution), effective January 1, 2026, from Nevada Power Company d/b/a NV Energy's PUCN-authorized residential rate schedule (Southern Nevada). The RS 'Total Effective Rate Per kWh' of 12.093 cents combines the BTGR+BTER energy charge (11.780) with small riders (DEAA 0.000, TRED 0.053, REPR -0.052, EE 0.237, NDPP 0.029, ESAP 0.007). Excludes the Universal Energy Charge ($0.00039/kWh) and the local government fee (5% in Clark County). This ~12.1 cents current tariff rate is lower than the 2024 EIA-861 effective average (15.33) because the 2024 EIA figure reflects total billed residential revenue divided by sales (which includes fuel/deferred-energy recovery and the high-cost 2023 fuel period being worked off), whereas the Jan 2026 schedule reflects a reset BTER with a $0.000 DEAA.
What rising Nevada Power (NV Energy South) rates could cost you
Nevada Power (NV Energy South) rates have risen about 1.0% per year. Enter your bill to see what that pace of increase could compound to over time, and what you have likely already absorbed. This is an estimate, not a guarantee.
Estimate only. Projects your current bill forward at Nevada Power (NV Energy South)'s historical average rate increase (1.0% per year, from EIA data); it assumes your usage stays the same except for any add-ons you select. Actual rates depend on your usage, rate plan, and the utility's future filings, and are not guaranteed. This is general information, not financial advice.
Tier 4: 75 percent of retail, locked
Nevada uses a tiered net-metering structure set by AB 405 (2017) for rooftop systems up to 25 kW. NV Energy / Nevada Power is now in Tier 4, the final and currently open tier with no capacity cap. Solar you use on-site offsets your usage at the full retail rate. Energy you export to the grid is credited at 75% of the retail rate (Tier 4); earlier tiers paid more (Tier 1 95%, Tier 2 88%, Tier 3 81%) but are closed to new customers. Export credits are applied as a monetary credit on your bill and roll over month to month to offset future usage. Whatever tier you enroll under is locked in for 20 years at that location, so a customer connecting today keeps the 75% export rate through roughly 2046.
Solar without the rate hike story
Nevada Power's rates have barely moved, about 1 percent a year over the decade, and the January 2026 tariff sits near 12.1 cents with an $18 monthly service charge. Cheap, stable power means solar savings accumulate slowly, and rate hike fear is a weak sales argument here; treat projections built on big future increases with suspicion.
The structure itself is friendly and legible: on site use offsets retail in full, exports earn a monetary credit worth 75 percent of retail that rolls forward, and the terms lock for 20 years. Batteries matter less than in avoided cost states since exports keep three quarters of their value. Sizing near your usage and getting site-specific numbers is the whole game.
Nevada Power (NV Energy South) service area
Nevada Power (NV Energy South) serves Southern Nevada (greater Las Vegas; Clark and Nye counties).
To confirm whether a specific address is served by Nevada Power (NV Energy South), check your electricity bill. A ZIP lookup tool is coming to this site.
Full data and sources
Per-utility prices are computed from EIA Form 861 (bundled residential revenue divided by sales), which reconciles to the EIA's published figures. These are public-domain U.S. government data.
| Year | Nevada Power (NV Energy South) (c/kWh) |
|---|---|
| 2015 | 13.18 |
| 2016 | 11.76 |
| 2017 | 12.46 |
| 2018 | 12.09 |
| 2019 | 12.33 |
| 2020 | 11.62 |
| 2021 | 11.62 |
| 2022 | 14.13 |
| 2023 | 17.27 |
| 2024 | 15.33 |
| 2025 | 13.08 |
Sources: EIA Form 861, Sales to Ultimate Customers (2015-2024 zip files) - source of bundled residential revenue/sales · EIA Average Price of Electricity to Ultimate Customers by End-Use Sector (Table 6, 2024) - sanity check, Nevada Power Co = 15.33189 cents/kWh · OpenEI - Nevada Power Co (EIA utility ID 13407) · EIA Nevada State Electricity Profile 2024 (state avg 11.47 cents/kWh for context) · Nevada Power Company d/b/a NV Energy - Electric Rate Schedules for Residential Customers, effective Jan 1, 2026 (Southern Nevada) · NV Energy Southern Nevada Electric Rate Schedules page · PUCN - Net Metering in Nevada (AB 405 tiers; Tier 4 = 75% of retail, 20-year lock, 25 kW limit) · NV Energy - Net Metering (Tier 4 / NMR-405) · EnergySage - NV Energy Net Metering (confirms Tier 4 75% active)
FAQ
What does Nevada Power pay for exported solar?
New systems enroll in Tier 4 under AB 405, which credits exports at 75 percent of the retail rate as a monetary credit that rolls forward month to month. Earlier tiers paying 95, 88, and 81 percent filled and closed between 2018 and 2020.
How long does my net metering tier last?
The tier you enroll under is locked for 20 years at that location, so a customer connecting today keeps the 75 percent export rate through roughly 2046.
Do I need a battery in Las Vegas?
Less than in most states. With exports keeping 75 percent of retail value, the penalty for exporting rather than self-consuming is modest, unlike avoided cost states where exports earn pennies. A battery here is more about backup than economics.
How fast are Nevada Power rates rising?
Slowly. The EIA series shows about 1 percent average annual growth over the past decade, and the January 2026 tariff's total effective rate is about 12.1 cents per kWh. Solar projections that assume steep future rate hikes deserve skepticism here.