By Linda Cottin, Lawrence Journal-World
Installing solar panels can increase the value of your home while decreasing overall energy costs. Due to energy tax credits, low interest rates and a dramatic decrease in the cost of solar panels over the past decade, solar power is more affordable than ever before. Follow these steps to determine if solar power is right for you. Continue reading.
ADDITIONAL RECOMMENDED READING
How Much does an Average Solar-Panel System Cost?, by Vikram Aggarwal, EnergySage. Published by Mother Earth News.
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 5 kilowatt (kW) system is a great place to start – that’s the average system size in the United States. Learn more about how much a 5kW solar system costs, how much electricity a 5kW system will produce, and the smartest way to shop for solar.
How much does a PV system currently cost in Nebraska?
The average cost of a 5-kilowatt system (twenty 250-watt panels), with incentives factored in, is between $9,875 and $12,250. Incentives include the 30% federal Solar Investment Tax Credit (ITC), and Lincoln Electric System’s capacity payments for south- and west-facing solar systems. A grant from the USDA’s Rural Energy for America Program (REAP), available to farmers and rural small businesses, would provide an additional 25%, reducing the cost of a 5-kilowatt system to $7,875.