Making the Most of your Lincoln Solar Incentives and Rebates
At this instant, this year is the best on record for getting into the solar energy game. Just take this excerpt from The Washington Post:
“EIA reports that planned [solar] installations for 2016 include 9.5 gigawatts of utility-scale solar — followed by 8 gigawatts (or 8 billion watts) of natural gas and 6.8 gigawatts of wind. This suggests solar could truly blow out the competition, because the EIA numbers are only for large or utility-scale solar arrays or farms and do not include fast-growing rooftop solar, which will also surely add several additional gigawatts of capacity in 2016.
In other words, U.S. solar seems poised for not just a record year but perhaps a blowout year. Last year, in contrast, solar set a new record with 7.3 gigawatts of total new photovoltaic capacity across residential, commercial, and utility scale installations.
“If actual additions ultimately reflect these plans, 2016 will be the first year in which utility-scale solar additions exceed additions from any other single energy source,” says EIA.”
Woah. This year is the first year that more solar panels were installed than any other form of energy production. Consequently, If this isn’t a sign that solar is here to stay, we don’t know what is. Now, it’s time to figure out how to afford it.
We’ve gone ahead and compiled a list of resources you can use, as a resident of Lincoln, NE. Learn about the different incentives and tax breaks the federal and local government offers:
Federal Government: 30% Tax Credit on amount spent on residential solar installations until 2019.
Lincoln Electric Systems will buy back your unused energy, after crediting what you used to your bill! For south-facing solar installations, LES will pay you $375/kW DC ($1,875 for a typical 5 kW installation). For west-facing or sun-tracking panels, LES will pay you $475/kW DC ($2,375).
Thanks for reading! If you’re interested in eliminating your electric bill and implementing a solar energy solution into your business, reach out to us today and we’ll get you set up with a free estimate!