10 Best Solar Companies in Lincoln, NE (Mar 2023 Review)

The Cost and Benefits of Solar in Lincoln

The cost of installing solar panels has gone down greatly in the past several years, but it's still a large investment for most homeowners. A few important factors that determine how much it will cost to install solar panels on your home and how much money you could save over time are:

• Energy consumption: Installing a solar system may be an expensive option for homes that don't consume too much energy per month.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Average daily sunlight: Since Lincoln gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can lead to an average of $15,000 of savings over 20 years.

So is installing solar panels worth it? Whether you hope to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Lincoln homeowners.

Solar Incentives in Lincoln

Although solar power is typically a big investment, it can save you a significant amount of money over the lifespan of your solar panels because of reduced power bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lincoln

Swapping traditional energy for solar is a great way to do what you can for a more environmentally-friendly future. But you may be wondering — how much exactly can you help the planet by using solar power? Adopting solar power is a sustainable choice for the environment, because the largest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.