Cost & Savings Breakdown
Based on $150/month electric bill in Lincoln
System Size
8.8 kW
Annual Production
12,373 kWh
Gross System Cost
$25,600
Federal Tax Credit (30%)
-$7,680
State Incentive
-$500
Net Cost
$17,420
Monthly Savings
$122
CO₂ Offset/yr
11,383 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityLincoln Electric System
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.118/kWh
Peak Sun Hours4.8 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Nebraska State Incentive — Nebraska offers a personal property tax exemption for solar.
Common Questions
How much does solar cost in Lincoln?
Solar in Lincoln, Nebraska costs approximately $25,600 for a 8.8 kW system. After the 30% federal tax credit, your net cost is about $17,420.
What is the solar payback period in Lincoln?
The estimated payback period for solar in Lincoln is 11.9 years, based on a $150/month electric bill and local sun hours of 4.8 hrs/day.
Does Lincoln Electric System offer net metering?
Lincoln Electric System offers Full Retail net metering. Full retail rate.