Cost of solar in Lincoln, NE

Electricity Consumption in Lincoln

Electricity Consumption by Nebraska residents averages 889 kWh per month. It ranks #46 in the nation for savings from installing solar panels on the home.

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Solar power in Lincoln, Nebraska

Lincoln Electric Systems offers net metering to its solar customers. For solar systems up to 25 kilowatts in size, you will receive a credit on your electric bill for excess energy the system produces. This credit is equal to Lincoln Electric Systems’ renewable generation rate, which is less than the full retail rate. 

Lincoln residents can also take advantage of Lincoln Electric Systems’s capacity payment. This is a one time, upfront payment for each kilowatt of solar installed up to $1,000. The amount you receive is dependant upon the orientation and type of system. The capacity payment rates are displayed below:

 

System Description Payment per kilowatt installed
Predominantly Southern facing $375.00
Predominantly Western facing $475.00
Single or dual-axis tracking solar $475.00

 

So, not only will you get credit for the excess energy your system produces, but you can also get an upfront payment of $1,000 to help reduce installation costs! Combine net metering, Lincoln Electric System’s capacity payment, and the 30% federal tax credit, and you have a recipe for great savings on installing a solar system in Nebraska!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Lincoln to find out:

 

Estimate your solar savings

 

Solar power in Nebraska

The average cost of installing residential solar panels in Lincoln, Nebraska in 2020 is $2.58 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Lincoln, NE is $12,900. (before claiming 26% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 5.79kW solar system in Lincoln, NE

This system would offset 100% of your energy usage if your typical monthly bill is $78, however your situation may vary so try our Lincoln solar calculatorto get a result tailored to you.

$11,097

Net cost of system
Cash - after 26% solar tax credit

9 Years 8 Months

Average payback time

7,800
kWh

Annual power production


/kWh

levilized cost of solar energy

21¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 5.79kW system

Life-time savings on this system over the next 25 years

$25,586

(Prices shown after repayments of capital)

 


 

Solar companies in Lincoln, NE that provide pricing through the Solar-Estimate marketplace

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Solar calculator and quote comparison tool

Average total cost of solar panel installation in Nebraska

System Size Cash purchase
After 26% solar tax credit
Financed purchase
After 26% solar tax credit
3kw $6,016 $6,497
4kw $7,903 $8,535
5kw $9,694 $10,470
6kw $11,455 $12,372
7kw $13,105 $14,154
8kw $14,741 $15,920
9kw $16,250 $17,550
10kw $17,760 $19,181

 

Design your own solar panel system for your home

Going solar in Nebraska

Check out all of the ways energy providers of Nebraska can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Lincoln Electric Systems Capacity Payment Utility Rebate Program
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.