Solar Panels in Nebraska | 2022 Cost and Incentives | SaveOnEnergy®

Nebraska Solar Panels: Pricing and Incentives

How much do solar panels cost in Nebraska?

home with solar panels on the roof

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Solar power in Nebraska

Solar power in Nebraska makes up a small proportion of the state’s energy needs.  Nebraskans have installed about 73 megawatts (mW) of solar energy , which is enough to power just over 7,100 homes. Nebraska generates enough solar power to account for 0.22% of its energy needs.

The current lack of solar power in the state makes it a good time to invest in solar panels since there’s a lot of room for solar to grow. The SEIA predicts that solar power capacity will rise by around 588 mW over the coming five years. This growth rate would mean a more than ten-fold expansion in the state’s solar energy output.

Nebraska solar power cost

The most common way to measure solar power cost in Nebraska is in dollars per watt. The national median cost of a solar panel home installation is $3.82 per watt. The median residential 6.48 kW solar system therefore costs $24,472 total. If you require a larger installation due to the size of your home, the cost may increase. Depending on the rebates you’re entitled to, a residential solar system can pay for itself over time through the savings you’ll incur on your energy bills. Solar is set to expand considerably in the state in the years to come, so these costs will likely continue to fall.

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Nebraska solar panel incentives

Most people don’t have the money to pay for the upfront solar panel installation, which is where rebates and incentives can make solar more affordable. All U.S. residents who install solar panels on their primary or secondary homes can claim the federal solar tax credit. Formerly known as the Investment Tax Credit (ITC), the Residential Clean Energy Credit provides a 30%rebate on the cost of solar panel installation from 2022 through 2032. Nebraska does not have statewide solar incentives yet, but it does have a net metering policy:

Net Metering Programs Nebraska offers net metering, which allows solar customers to sell unused energy back to the grid. However, it varies depending on the utility company you use.
Residential Clean Energy Credit The solar tax credit provides a 30% tax credit off the total cost of system installation.

Why choose Nebraska solar power?

Lower energy costs

Investing in solar panels in Nebraska can reduce your energy costs. Once your solar panels are up and running, they can power your home’s energy needs during the day. Thanks to net metering, you can sell the excess energy you don’t need back to the grid, which helps offset your energy costs. Once you’ve paid off your solar panels, you’ll effectively be receiving free energy for the remaining lifespan of your solar system. Solar panels have a typical working life of around 25 years, but can last for much longer. 

Establish energy independence

Using solar power can also strengthen your energy independence. Generating your own energy  can help prevent disruption during periods of high demand or power outages. For extra security, consider installing a battery with your solar panels. Lithium-ion batteries can store solar power during the day for use after the sun sets. A solar system with a battery will allow you to be even less reliant on the electricity grid.

Go green

A third benefit to investing in solar panels in Nebraska is that you’ll be contributing to the growth of green energy, which is the term used to describe renewable sources of energy that don’t emit CO2 into the atmosphere. Making your home more environmentally friendly isn’t just an ethical decision — it also has financial benefits. The resale value of homes with a solar panels typically increases by around $15,000.

Should I buy or lease my solar panels?

You’ll save more money in the long run if you buy your solar panels outright rather than leasing them. The main reason is that after you’ve paid off the cost of your solar panel installation, you still own the solar panels that generate your home’s energy. By contrast, if you lease solar panels, you only benefit from the energy they produce for as long as you make the monthly lease payment. Once the lease agreement ends, you don’t have any ownership stake in the solar panels.

If you can’t afford to purchase a solar panel system outright or through financing, leasing may be a good option. If you’re considering leasing, investigate the options for community solar programs in Nebraska. A community solar installation is used jointly by a group of people in a neighborhood or community to meet their energy needs. Community solar projects are also helpful for people living in homes that aren’t suitable for solar panel installations.

Nebraska solar panel companies

Several solar panel companies operate in Nebraska, with the sector employing approximately 1,246 people in the state. According to SEIA, there are three solar panel manufacturers and 14 solar installation companies in Nebraska. This selection of solar power installers gives you plenty of choices when it comes time to find an installer. You can use the solar energy resources provided by SaveOnEnergy to research each company to find the one that meets your needs. You can fill out our solar form here to get started, or discuss your options with one of our energy experts at 866-420-6556.

Important solar installation factors to consider

You should consider several factors before you proceed with a solar panel installation. They include:

  • Whether your home is suitable for solar panels.  Panels will work best on a south facing rooftop that is in good condition. Rooftops with an angle between 15 degrees and 40 degrees  also usually generate the most solar power.
  • How much sun your home receives. It’s important that the sunlight reaching your roof is not blocked by any trees or other objects. Your panels will generate more electricity if they are not in a shaded area. Additionally, living in a sunny part of the state may be beneficial. 
  • Whether there are additional local installation costs and approvals. You may need a permit or  approval from a homeowners’ association or local authority. Your installation company may be able to help you work through potential regulations.

Solar power FAQs

How much would solar cost in Nebraska? Expand / Collapse Toggle

Installing solar panels at your home has a median cost of $3.82 per watt. The median standard solar installation price is $24,742. You can offset some of this cost with the federal tax credit and use Nebraska’s net metering policy to make back the rest of the installation cost over several years.

Is solar power a good investment in Nebraska? Expand / Collapse Toggle

Yes, investing in solar panels in Nebraska brings many benefits. The state’s net metering program means that once you’ve recovered the cost of installing solar panels, you’ll effectively have free renewable energy for the remainder of your panels’ lifespan. Some electricity providers also offer rebates to customers with solar panels. In addition, installing solar panels can boost the value of your home and help protect the environment.

How much could I save by investing in solar? Expand / Collapse Toggle

Your overall savings will depend on your energy usage patterns and the total amount of energy you require. Solar power is available during the day, so your biggest savings will come during daylight hours. If you use most of your energy after the sun goes down, your energy savings may be lower. The average homeowner recoups the cost of solar panel installation in about six to nine years.

Where can I find a good solar panel installer in Nebraska? Expand / Collapse Toggle

Nebraska has several solar panel installers. You should research each company, and read consumer reviews before choosing an installer. Remember to carefully study an installation agreement with a company before signing the document to ensure you understand the terms and conditions.

How does solar power help the environment? Expand / Collapse Toggle

Solar power helps the environment because it does not emit carbon dioxide. CO2 is a greenhouse gas that contributes to the climate crisis. The growth of solar power and other renewable energy sources can help reduce CO2 levels and prevent climate change. Other popular types of renewable energy include wind power, hydroelectric, and geothermal energy.