Solar power in Lincoln, Nebraska
Lincoln Electric Systems offers net metering to its solar customers, meaning that's it's easy for Lincoln residents to eliminate their electric bill.
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 dependent 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 federal tax credit, and you have a recipe for great savings on installing a solar system in Nebraska!
Net Metering Broken Down
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.
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
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.What if my tax liability is less than 26% of my systems cost
There is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Nebraska is only 889kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Lincoln solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Nebraska solar savings calculator can do this because it contains a database of the electric rates charged by City of Hickman, City of Nebraska City, Lincoln Electric System, Village of Panama, Norris Public Power District
How much can solar panels save you in Lincoln
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 calculator to get a result tailored to you.
Net cost of system
9 Years 8 Months
Average payback time
Annual power production
Levelized cost of solar energy
If you don't get solar
Cash flow graph based on cash purchase of this 5.79kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Lincoln, NE that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Lincoln
After 26% solar tax credit
After 26% solar tax credit
Find out what system size you need 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:
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.