Solar Panels Cost $7.8k-$15k in Omaha, NE | September, 2024
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How much do solar panels cost in Omaha, NE in 2024?
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The current cost per watt of solar panel systems in Omaha, NE in September, 2024 is $2.8/W.
In accordance with this cost per watt, solar panel installations will cost you about $2,800 per 1K (or 1000 watts) of production capacity. After applying the 30% federal tax credit, a 5 kW system in Omaha generally costs $9,800. Be aware that a higher capacity system could be needed to adequately cover your energy consumption.
To your left, you have the option to select your county and access information on the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a complete analysis of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Omaha: $9,800US Average: $12,598
Average Payback Period The number of years until you break even on the solar investment.
Omaha: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Omaha: $12,198US Average: $15,732
Solar Potential in Omaha
Estimated system size and solar electricity production per median viable roof in Omaha.
Roof size 608sq. ft.
Capacity 8.5kW DC
Electricity 10.6kkWh AC per yr.
Electricity Costs in Omaha, NE & What that Means for Your Solar Panel Pricing
On average, Omaha residents pay $109.16 for their electric bill each month and consume 884 kWh. Flats and small homes with lower energy consumption are covered in this number.
In September 2024, the average electricity rate in Omaha, NE amounts to 12.34¢ per kWh.
If you’re a typical energy consumer in Omaha, you will need a solar power system sized at 8 kW or more to meet all your electricity needs. Presently, an 8 kW solar panel system costs $15,680 when including the 30% federal income tax credit.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Omaha
To the left, we present a detailed pricing details for multiple solar panel system sizes set up in Omaha. More extensive solar installations carry a greater cost, yet they also offer higher electricity savings and larger income tax credits.
In the solar panel cost calculator found down and to the right, you can view a cost and benefit breakdown to match an average $109.16electric bill in Omaha. For a more detailed estimate, replace the $109.16 with your typical electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $720 a year
Est. Price
$7,840
Savings from a 4kWthis system
Est. yearly production 5,996 kWh
Est. monthly savings $60
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 5.45 tons a year
Equivalent to planting 250 trees a year
Equivalent to driving 13,483 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $899 a year
Est. Price
$9,800
Savings from a 5kWthis system
Est. yearly production 7,495 kWh
Est. monthly savings $75
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 6.81 tons a year
Equivalent to planting 313 trees a year
Equivalent to driving 16,853 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,079 a year
Est. Price
$11,760
Savings from a 6kWthis system
Est. yearly production 8,994 kWh
Est. monthly savings $90
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 8.17 tons a year
Equivalent to planting 375 trees a year
Equivalent to driving 20,224 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,259 a year
Est. Price
$13,720
Savings from a 7kWthis system
Est. yearly production 10,493 kWh
Est. monthly savings $105
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 9.53 tons a year
Equivalent to planting 438 trees a year
Equivalent to driving 23,595 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,439 a year
Est. Price
$15,680
Savings from a 8kWthis system
Est. yearly production 11,992 kWh
Est. monthly savings $109
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 9.9 tons a year
Equivalent to planting 455 trees a year
Equivalent to driving 24,510 mi less a year
Omaha Solar Panel Installation Incentives & Rebates | 2024
For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.
The 30% federal income tax credit for residential solar is accessible to almost all homeowners, making solar energy a good choice in numerous regions across the country. State and local governments have various programs to promote the switch to solar energy.
A total of 2 solar rebates and incentives are available in Nebraska through multiple utility companies and government organizations.
Solar incentives in NEIncentive Description Value
Sales and Use Tax Exemption for Renewable Energy Property
Value:Varies
By an act of the Nebraska legislature, equipment used in the direct generation of energy from a renewable source may be eligible for state sales/use tax refunds. Refunds include 1.5% of local sales tax paid. Equipment should be located on property valued at a minimum of $30 million; alternatively, the total value of the equipment itself should total at least $20 million. A copy of the original statute is available from the Nebraska legislative website.
Dollar and Energy Savings Loans
Value:Varies
Since 1990, certain oil revenues in Nebraska have funded energy efficiency financing, known as "Dollar and Energy Savings Loans", for homes and businesses. Projects qualifying for a D&ES loan include new solar PV/water heating, wind turbines, and fuel cells. Other projects may qualify on a case-by-case basis as determined by a program representative. Most banking institutions in the state are able to service D&ES loans. The maximum APR is 5%, though no interest will be charged on at least 50% of the principal. The maximum repayment period depends on the specific projects being funded. Additional information is available through the Nebraska Energy Office website.
Are solar panels worth it in Nebraska?
For homeowners in Omaha who expect to stay in their residence beyond the solar payback period, solar panels make an good investment. A 5 kW solar system in Omaha, NE could potentially save you $16,398.4 over the course of 20 years, with the break even point averaging at 7 years.
The cost of not having solar panels in Omaha, NE
The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Many recent news articles have revealed that complete dependence on your utility isn't always the best option.
Customers in Omaha have faced around 0.57 outages per year on average. Typically, outages have an average duration of 63.8 minutes. However, during significant events such as landslides, grid management errors, or wildlife damage, these times can drastically increase.
Whether it comes with a backup battery or not, a solar panel system could alleviate the strain of any future power interruptions you may encounter.
Power Outages
Currently, 0 customers are being tracked in Douglas County.
What impacts the cost of solar panels in Omaha, NE?
Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Most consumers see the usefulness in setting up a solar setup that can generate enough power to cover their entire electric bill, leading to significant savings.
Make & Model - Solar panels and mounting equipment, like many other products, are available in different makes and models. The installer you choose may have specific brand preferences, so it's crucial to choose a reputable installer. To ensure a better long-term experience, buyers should consider higher quality models.
Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even with a higher cost, this technology produce more energy. The majority of installers opt for panels crafted using this material.
Your Property - Uneven land, trees, or additional hindrances can make the installation process more challenging. Nowadays, many solar installers can leverage satellite imagery to assess your home and include these aspects into the initial cost estimate.
Labor Rates - The different wages that companies offer their employees result in costs that are ultimately passed on to consumers. Higher wages often lead to companies getting better reviews for their services and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.
Expertise in consulting on advantageous financing for solar.
Installation of batteries for energy storage.
Installation of solar arrays.
Reparation of solar arrays.
Omaha, NE Solar Panel Cost FAQs
As of September, 2024, the average solar panel installation cost in Omaha, NE has reached $2.8/W. After federal tax credits, the installation of a 5 kW solar panel system in Omaha, NE is estimated to cost $9,800.
At present, there are 2 rebates and incentives available to Nebraska residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.
Paying cash will lead to the most savings, but these days there are several options for financing solar panels that make great money sense as well. Your initial quotes will often contain information about financing options provided by installers.
Yes, the average time to recoup the cost of 5 kW solar panels in Omaha, NE is 7 years, with homeowners saving an average of $16,398.4 on electricity over 20 years.
Savings from 
Environmental Impacts 
