Nevada Making Strides in Solar Energy

The manager of Las Vegas-based solar panel system provider Radiant Solar Solutions, Kevin Romney is a strong advocate of renewable energy programs in Nevada. Kevin Romney worked alongside other clean energy proponents in and around Las Vegas to support legislation Assembly Bill 405 and strengthen the state’s renewable energy sector.

In the years since the bill was signed, Nevada rose to third in the nation in solar installations. However, Nevada’s solar sector was negatively impacted by a tariff put into place in 2015.

After 2017 Assembly Bill 405 reversed this, the state’s solar energy sector took off again. Federal tax credits have also encouraged residents to install solar panels on their homes.

In 2018, more than 500 megawatts of solar capacity were installed in Nevada. Only California and Florida exceed the state in annual solar installations. While trends are expected to continue upward for the next few years, some experts predict that the expiration of the Residential Renewable Energy Tax Credit in 2022 will cause a slowdown.

Camino Verde Group makes another acquisition

Camino Verde Group recently completed the purchase of a 28-unit multifamily property at 2556 South Van Patten Street in the Historic Commercial Center District of Las Vegas. The units will be rebranded as Camino 2556.
Camino 2556 will undergo approximately $300,000 in interior and exterior improvements, which are already underway. Built in 1963, the property offers large 1-, 2-, and 3-bedroom floor plans with oversized kitchens and closets. The four garden-style buildings sit on .68 acres and share a common border with Camino 2575, another Camino Verde Group owned property.
Both properties are centrally located near major employment centers, and offer a unique affordable living environment not found in modern multifamily properties.
“They are within a mile of the Las Vegas Convention Center and the north end of the Las Vegas Strip, making them ideally suited for affordable workforce housing,” said Kevin Romney, co-founder of Camino Verde Group. “There is significant construction near these properties that are creating jobs including Resorts World, the Drew, the MSG Sphere and $980-million expansion of the Las Vegas Convention Center.  These four projects should add more than 20,000 jobs, all within walking distance of our communities.”
Camino Verde Group’s history with Las Vegas multifamily investments helped the firm negotiate and close this transaction during a difficult economic time. “We have the capital to make good investments, and believe Las Vegas’ economy will come back stronger than ever,” said Ballard. “There has and will continue to be an affordable housing shortage in the market, and we aim to provide many quality affordable housing options throughout Southern Nevada.”
Ballard said the proximity of Camino 2556 and Camino 2575 will also allow economies of scale for operations and cost savings for investors.
“We are able to offer two-bedroom units below $900, which helps fill a significant need for affordable work force housing,” he said.  “Both properties are located near the Monorail and other major transit lines, making transportation throughout the city easy for residents.”
For more information on Camino 2556 and other properties in Camino Verde Group’s growing portfolio, call Kevin Romney at kevin@caminoverdegroup.com.

Beaver Dam State Park in Nevada

Kevin Romney serves as the manager of Radiant Solar Solutions in Henderson, Nevada, a city southeast of Las Vegas. An avid outdoorsman, Kevin Romney of Las Vegas enjoys visiting state and national parks.

Nevada holds a variety of parks, including Beaver Dam State Park, a designated Watchable Wildlife Area and a popular destination for visitors hoping to spot great blue herons, porcupines, jackrabbits, turkeys, and mule deer. Open throughout the year, the park’s rustic natural beauty welcomes guests who like to camp, hike, or fish.

Beaver Dam holds two developed campgrounds, both with sites that have parking for one vehicle, a fire pit, and a picnic table. Guests can stay at either campsite for up to 14 consecutive days.

Fishing in the park requires anglers to have fishing licenses. The Nevada Department of Wildlife stocks the streams with rainbow trout, and guests are allowed to catch up to five trout per person.

Numerous hiking trails wind their way through Beaver Dam State Park. Overlook Trail provides hikers with beautiful views of the canyon, and Oak Knoll Trail gives visitors areas to stop for fishing.

Nevada Solar Systems - Increasingly Affordable and Cost Effective

Kevin D. Romney is a respected Las Vegas business executive who manages Radiant Solar Solutions and installs sonnenBatterie solar-energy residential systems that incorporate backup power and peak saving capacities. Active with the Bring Back Solar Alliance, Kevin D. Romney has engaged with state legislators in expanding the reach of rooftop solar throughout Nevada.

With states such as California and Arizona leading the way in residential solar power, Nevada ranks fourth nationwide in installed capacity and industry job creation. Approximately 500,000 Nevada homes operate on solar, with nearly 10 percent of total energy statewide coming from clean, renewable solar technologies.

On average, Las Vegas solar panels cost $3.45 per watt, with the average solar system in late 2016 costing less than $19,000, before incentives and rebates. Over the past five years, solar prices have decreased by nearly two-thirds, which has led many homeowners to install rooftop panels.

Among the key incentives in place is a solar panel rebate of $0.245 per watt of installed solar energy. The Federal Government also offers a 30% tax credit, which can translate into thousands of dollars of savings per system. The long-term economic benefits of such systems are well demonstrated, with savings averaging $26,710 over a two-decade period.