Benefits of Solar Energy
Solar energy offers multiple benefits. Here are some highlights.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.
- Lowered energy bills: You can dodge the expensive cost of grid-tied power by producing some electricity right where you use it.
- Better energy independence: Adding a battery backup lets you have reliable energy during grid outages and storms.
What Solar Incentives Are Available to Omaha Homeowners?
Governments and utility companies often reward homeowners for adopting solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Loan ProgramWebsite: neo.ne.gov
Traditional Dollar and Energy Savings Loans:
Multifamily dwellings with 3 or more units: $250,000
Home Electronics: $25,000;
Office Electronics: $50,000
Alternative Fuel Projects: $500,000
Telecommunications Projects: $250,000
Incentive Type: Sales Tax Incentive
Incentive Type: Rebate ProgramWebsite: nppd.com
Smart Thermostat: Up to $100
High Efficiency Heat Pump: $300 - $2,500
Heat Pump Water Heater: $300 - $500
Cooling System Tune-Up: $30
Attic Insulation: $0.15/sq. ft.
Incentive Type: PACE Financing
PACE bonds are capped at $5 million unless approved by referendum.
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Omaha
The cost and effectiveness of solar panels often hinge on the solar company that installed them. Consider each of these elements in your company search.
Licensing and Training
In Nebraska, the state's Electrical Division issues and manages licenses to solar contractors, with some cities requiring supplemental licenses or endorsements for a contractor to perform solar work. Solar providers can also pursue certificates from trade groups and standards organizations. The most respected ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Omaha
Your solar modules' style will affect how much electricity you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar company offers these additional features, so look for a contractor that sells them if it's a priority for you.
Generally speaking, it will cost about $17,900 for a five-kilowatt solar array in Omaha. This table displays more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Omaha
Solar companies offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), cash payments, solar loans and solar leases. Though it requires a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the runner-up option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. Look for contractors that offer multiple payment plans to find the right fit for your pocket.
The table below lists the average payback periods for different capacities of solar systems in Omaha.
You are eligible for a 26% federal tax credit for new solar energy equipment until the year 2032. Municipal and state governments and utility companies might also offer rebates, discounts, and specialized financing options that could save you more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Omaha
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Omaha?
Should I expect a property value increase after adopting solar power?
What if I live in a dark or gloomy
How do I care for my new solar system?
What is the average payback period for Omaha solar panels?
How does "net metering" work, and do I need to participate?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Dodging questions about training and credentials, warranties, references and cost
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- No business filing with your local secretary of state
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