Cost of Solar Panels in Nebraska: Local Solar Installation Prices (2022)
Here’s a quick look at the estimated cost of solar in Nebraska:
- Average Cost Per Watt: $2.83
- Cost of Average System: $21,989*
- Cost of Energy Without Solar: $43,136
- Payback Period: 16 Years**
- Lifetime Savings of Going Solar: $13,421
*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.
Why You Can Trust EcoWatch
Our content is created and advised by solar industry experts, giving you the information you need to make smart decisions about solar for your home. No other site has access to the same data and insider information as EcoWatch, and you can rest assured our reviews and rankings are never affected by revenue or partnerships.
GenPro Energy Solutions
- NABCEP-certified technicians
- Competitive pricing
- Multitude of products and services
- No leases or PPAs
- Limited warranty coverage
- Solar Panels
- Solar Batteries
- Energy-Efficiency Audits
- Community Solar
- Expansive service area
- Award-winning company
- Representatives are experts on local policies
- Slightly limited service offerings
- Some reported issues with door-to-door sales
- Relatively young company
- Solar Panels
- Solar Batteries
- Representatives are experts on local policies
- Comprehensive service offerings
- Excellent reputation
- Limited brands of solar equipment available
- Solar Panels
- Solar Batteries
- EV Chargers
- Maintenance & Repairs
- System Monitoring
Cost of Solar Panels in Nebraska
Solar panel systems in Nebraska cost around $2.83 per watt, which is significantly above the national average cost of $2.66. Most Nebraska homeowners spend an average of $109.39 on their electric bills per month, and this energy consumption requires a system size of 10.5 kW to offset.1 At $2.83 per watt, that’s a typical cost of $29,715 before the federal tax credit, or $21,989 after the credit is considered. This total is above the national average due to the higher per-watt cost.
Solar Panel System Installation Cost in Nebraska
The size of the photovoltaic system needed will typically be the most influential cost factor. Each kilowatt you need to add to your solar array will add approximately $2,830 to your total. Most Nebraskans need a system that’s around 10.5 kilowatts, but the table below provides some other common sizes in the area, along with average pricing before and after the 26% federal tax credit.
|Size of Solar Panel System||Nebraska Solar Panel Cost||Cost After Federal Tax Credit|
Interested in seeing which solar installers in Nebraska are the most reputable and reliable? Click here.
What Determines the Cost of Solar Panels in Nebraska?
The size of the system, which is primarily determined by your average monthly energy needs, is the most influential cost factor to consider when pricing your solar panel system. However, the below factors can also play a significant role in what you pay to convert to renewable energy.
As you might expect, the solar equipment you choose to be included in your home solar project will bear some influence on your total system cost.
First, you should consider the brand of equipment you want. Nebraskans have plenty of access to a wide range of rooftop solar equipment brands, all of which provide different levels of energy efficiency and come at varying prices. If you choose the most affordable solar panels, you will, of course, spend less than you would on higher-end equipment brands. However, opting for the most efficient solar panels and equipment — like Maxeon/SunPower solar panels or Tesla Powerwall batteries — can often lead to greater savings over time on your electric bills.
Aside from the brand, the type of equipment you want to be installed in your home can affect your pricing. Most residential solar power systems aren’t off-grid and have panels and inverters, but adding on solar batteries, electric vehicle chargers, solar water heaters and other add-on products will bump up the system cost.
Spending the average cost of $21,989 to go solar in Nebraska is out of the question for many homeowners, which makes solar financing a popular option. Solar loans give you access to PV systems that are otherwise prohibitively expensive by allowing you to spread out payment over many years.
However, you should consult with a solar installer or loan provider about your interest rate and total system cost to determine your all-in price. Solar financing makes clean energy more accessible, but you’ll also end up paying interest over time. A good way to reduce your long-term financing costs is to increase your down payment. Another option is to choose a low-APR loan.
Solar Installation Company
Lastly, the company you choose to tackle your solar panel installation will have an impact on your cost of going solar.
Each company in Nebraska sets its own labor costs and can upcharge for equipment, leading to relatively small differences in total installation costs between installers. The bigger variances come from the equipment each installer provides. Those that only carry high-efficiency equipment will always cost more, although they usually end up saving you more money over time and include more appealing warranties.
Nebraska Solar Incentives
According to the Solar Energy Industries Association (SEIA), Nebraska is ranked 46th in terms of solar friendliness among the 50 states.2 Still, there are some tax incentives and benefits to going solar in Nebraska. We’ll discuss the most prominent incentives available to Nebraskans below, which are aimed at making the process of going solar more accessible.
|Nebraska Solar Incentive||How it Affects the Cost of Solar Panels in Nebraska|
|Sales and Use Tax Exemption for Renewable Energy Property||The state government provides this tax exemption to industrial and commercial solar companies that install more than $20 million worth of equipment. While this isn’t a direct savings for homeowners, companies that benefit can pass the savings onto you.|
|Property Tax Exemption for Renewable Energy Generation Facilities||Nebraska offers a property tax exemption for renewable energy generation facilities with solar arrays that are greater than 100 kW. That means if you participate in community solar, you could benefit from the reduction the utility receives on property taxes.|
|Property-Assessed Clean Energy Financing (PACE)||This solar financing program was established to provide easier and more affordable access to financing for solar equipment for homeowners with below-average income levels.|
|Net Metering||Net metering allows energy to flow back and forth between the grid and your home, and you’re only charged for the energy you consume and don’t return via excess generation. This policy helps eliminate electricity costs. |
Nebraska offers standard net metering at a rate equal to the utility’s avoided cost of electricity supply, which means excess energy you produce will be credited to your account at a rate that’s lower than the retail rate. Excess energy you don’t use will be carried forward to the next billing period. Annual payouts will go to the customer/generator, which means you could get paid by your electric company rather than the other way around. You can check out the net metering rider for more information.
|Local Solar Rebates & Incentives||Nebraska doesn’t offer much in the way of statewide solar incentives and rebates. However, local utility companies may offer efficiency rebates for upgrades like windows, lighting, EV charging stations and other energy-efficiency upgrades that can be carried out by solar installers. You can check the DSIRE database for more information.|
|Federal Solar Tax Credit||The federal solar investment tax credit (ITC) is offered to residents nationwide. In Nebraska, where the average system cost is $29,715, the average credit is $7,726. The credit is scheduled to drop to 22% in 2023 and will no longer be available for residential systems in 2024 unless the bill is renewed.|
Nebraska Installed Solar System Costs in 2022 By Panel
One of the most important decisions you’ll have to make when it comes to installing solar in Nebraska is the equipment brand you choose. The table below provides some of the best solar panel brands with relative pricing for each so that you can see how they stack up against other popular options.
|Solar Panel Brand||Average Cost Per Watt ($-$$$$$)|
People Also Ask
EcoWatch FAQ: Solar Panel Cost Nebraska
We get questions from Nebraska homeowners on a daily basis about the costs and benefits of going solar. Below are the questions we get asked most often, along with our responses.
Solar panel systems in Nebraska cost an average of $2.83 per watt. Most homeowners in the state require a 10.5-kilowatt system to offset their energy consumption, which comes out to a typical system total of $29,715 before the federal tax credit or $21,989 after.
The cost of your solar energy system can vary by thousands of dollars depending on many factors. For an accurate estimate, you’ll need to contact a reputable solar installer to assess your home and consider your house size, your monthly energy needs, the equipment you want, shading on your property, and much more.
Yes! The boost in property value you’ll enjoy from going solar in Nebraska is one of the most appealing factors for many homeowners. However, your home value will only increase if you pay for your panels with cash or a solar loan.
According to data from Zillow, most homes get bumped about 4.1% in value when a solar system is installed.3 Given the average home price of $225,552 in Nebraska at the time of publication, that’s an average value increase of $9,248 — nearly half the average cost of going solar!4 Your value increase can be even higher if you live in a more expensive area, like Lincoln or Omaha.
You might, on occasion, see some solar companies offering to install “free panels.” What these installers are really doing is getting you to sign a solar lease or power purchase agreement (PPA), so the panels aren’t really free. Instead, you’ll be missing out on the long-term savings, the property value increase, and the federal and state tax incentives you’d enjoy if you purchased or financed your panels instead.
If you do use a cash purchase or take out a solar loan to acquire your panels, they will almost certainly pay for themselves in time. The average estimated solar panel payback period in Nebraska is 16 years, after which they will have paid for themselves and saved you additional money.
Yes, it is possible to eliminate your energy bills in Nebraska by going solar. However, because the net metering program in the state allows utility companies to buy excess energy production at a rate that’s lower than retail, it will be more challenging in Nebraska than in other, more solar-friendly states. Still, it’s possible to drop your electricity bills to $0 per month, especially if you invest in a solar battery.
The overall price of a solar PV system will always be an important factor to consider, but panel efficiency is generally more important for Nebraskans. Given the less-than-ideal net metering program, maximizing your energy production helps reduce the amount of energy you pull from the grid and pay for at the retail rate. Choosing high-efficiency solar equipment will cost more now, but it stands to save you more money over time.
Contrary to popular belief, solar system size isn’t based solely on your home’s square footage. A solar installer will also need to consider your monthly energy consumption in kilowatt-hours, shading on your roof, the direction your roof faces, and many other factors. The only way to get an accurate system size estimate is to have a reputable solar installer assess your home and provide a customized estimate.
With that being said, most homeowners in Nebraska find that they need a 10.5-kilowatt system to offset the average energy bill of $109 per month.