The Complete Guide to Nebraska Solar Incentives

What Are Nebraska Solar Incentives?

Nebraska provides a variety of solar incentives designed to promote the adoption of solar energy systems by homeowners and businesses. These initiatives, implemented by the government, strive to enhance the accessibility and affordability of solar installations. Incentives are diverse and encompass tax credits, rebates, grants, and net metering programs. Some solar programs in Nebraska even facilitate free installation of solar panels.

By taking advantage of these incentives, individuals and businesses in Nebraska can substantially decrease initial costs and reap the economic advantages of transitioning to solar power.

Federal Solar Investment Tax Credit (ITC)

The solar federal tax credit, also known as the Solar Investment Tax Credit (ITC), is a valuable financial incentive offered by the U.S. government to homeowners in Nebraska who choose to install solar energy systems. By taking advantage of this tax credit, eligible homeowners can claim 30% of the total cost of their solar installation as a credit against their federal income taxes. This reduces the upfront expenses associated with installing solar panels and makes renewable energy more affordable and accessible for homeowners in Nebraska. The solar federal tax credit provides an excellent opportunity for Nebraska homeowners to save money while embracing clean and sustainable energy solutions.

It's worth noting that this tax credit will remain at 30% until 2032, allowing homeowners in Nebraska to make the most of this long-term incentive and contribute to a greener future.

Solar Net Energy Metering (NEM)

Solar net metering in Nebraska allows homeowners with solar energy systems to earn credits for the excess electricity they generate and send back to the grid. These credits can be used to offset future electricity bills when their solar system isn't producing enough power.

Net metering effectively allows homeowners to reduce their overall energy costs by utilizing the energy they generate. The program varies depending on the utility company, so homeowners should check with their specific provider for details. Overall, solar net metering provides financial savings and encourages the use of renewable solar power in Nebraska.

Nebraska Solar Rebates

Solar rebates in Nebraska are available to qualifying homeowners. Customers of the utility Lincoln Electric System (LES) can benefit from a one-time rebate when installing solar photovoltaic panels at home. This rebate is available to customers who work with a solar installer from LES's Solar Trade Ally Network. The rebate amount is based on the system's size and orientation, with potential rebates ranging from $375 to $475 per kilowatt (kW) installed.

While the solar rebate program in Nebraska is time-limited, it presents an opportunity for solar customers to recoup a significant portion of their investment. By taking advantage of this rebate, homeowners can potentially save several thousand dollars on their home solar energy system, making solar power more financially viable and accessible in Nebraska.