Discover the Power of Solar Energy in Nebraska!
Welcome to Nebraska, a state celebrated for its wide open spaces and friendly communities, and now emerging as a leader in the solar energy movement. Despite its varied climate, Nebraska receives ample sunshine year-round, making it an ideal location for solar power generation. This untapped potential offers an exciting opportunity for residents and businesses to embrace clean, renewable energy solutions. With incentives available to offset installation costs and a growing interest in sustainability, Nebraska is positioned for a solar revolution. Explore how harnessing solar energy can illuminate your property, lower energy bills, and support a healthier environment right here in the Cornhusker State. Join us in harnessing the power of the sun and step into a brighter, greener future in Nebraska.
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Nebraska State Solar Incentives
Local Option - Property-Assessed Clean Energy Financing
In 2010, FHFA directed against purchasing mortgages of homes with a PACE lien, affecting residential PACE activities. Some programs now operate with protections to address FHFA's concerns.
Sales and Use Tax Exemption for Renewable Energy Property
Nebraska offers a tax refund for renewable energy systems used for electricity production, with minimum investment conditions. Partial benefits recapture possible.
Property Tax Exemption for Renewable Energy Generation Facilities
Nebraska offers tax exemptions for renewable energy generation properties, including wind, solar, biomass, and landfill gas systems. The exemption applies to facilities with a capacity of 100kW or more.
Interconnection Guidelines
Nebraska enacted statewide interconnection and net metering rules for electric utilities in 2009. This requires utilities to provide a metering system for customer-generators with a qualified facility, capable of measuring electricity flow in both directions.
Net Metering
Nebraska's L.B. 436 mandates all electric utilities to offer net metering and interconnection for customer-generators with a capacity up to 25 kW from renewable sources.
Sales and Use Tax Exemption for Community Renewable Energy Projects
Nebraska's L.B. 412 requires C-BED project developers to notify local owners and bodies of incentives for local ownership. Tax exemptions and ownership qualifications also outlined.
Nebraska Solar and Wind Easements
Nebraska provisions allow property owners to create solar and wind agreements, with wind agreements not exceeding 40 years. Local governments can implement regulations to encourage solar and wind energy use.
Dollar and Energy Savings Loans
The Nebraska Dollar and Energy Savings Loan program offers low-interest loans for renewable energy projects and energy efficiency improvements, in collaboration with local financial institutions.
Federal Solar Incentives
USDA - Rural Energy for America Program (REAP) Grants
REAP, administered by USDA, provides financial aid to small rural businesses and agricultural producers for sustainable energy projects. Grants cover 25% of the project cost, up to $25 million.
Interconnection Standards for Small Generators
New FERC order mandates small generators under 20 MW to maintain operation during abnormal frequency and voltage events, enhancing interconnection efficiency.
USDA - Rural Energy for America Program (REAP) Loan Guarantees
The Rural Energy for America Program (REAP) supports agricultural producers and rural businesses in the US by providing financial aid for renewable energy projects and energy efficiency improvements.
Clean Renewable Energy Bonds (CREBs)
Clean Renewable Energy Bonds (CREBs) were used by public entities to fund renewable energy projects. They were repealed in 2017.
Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs) financed energy projects by local governments. Discontinued in 2018, they offered tax credits as interest to bondholders.
Office of Indian Energy Policy and Programs - Funding Opportunities
The DOE's Office of Indian Energy Policy and Programs aids tribes in attaining energy self-sufficiency and economic growth through renewable energy and energy efficiency technologies.
Fannie Mae Green Financing – Loan Program
Fannie Mae's Green Financing offers loans for multifamily properties aiming for energy and water efficiency improvements. Eligible properties can access favorable rates and additional loan proceeds.
Energy-Efficient Mortgages
Energy efficient mortgages (EEM) allow homeowners to finance energy-saving renovations or purchase new energy-efficient homes. These loans, insured by the U.S. government, aim to promote energy efficiency.
Green Power Purchasing Goal for Federal Government
The Energy Policy Act of 2005 set a goal for federal buildings to use 7.5% renewable energy by 2013. This target was increased to 30% by 2025 but later rescinded in 2018.
USDA - High Energy Cost Grant Program
USDA's grant program, enhancing energy generation in rural areas, concluded its latest application period on July 6, 2021. Updates can be found on the program website.
Residential Energy Conservation Subsidy Exclusion (Personal)
US law exempts energy conservation subsidies provided by utilities from taxation but requires adjustments for federal tax credits. IRS guidance on solar rebates is unclear.
Residential Renewable Energy Tax Credit
H.R. 5376 extends tax credit for energy storage systems and excludes biomass heaters, with credit amounts varying by technology type and installation date.
U.S. Department of Energy - Loan Guarantee Program
The Inflation Reduction Act has allocated $11.7 billion to the LPO for new loans, boosting loan authority by $100 billion, and setting up the Energy Infrastructure Reinvestment Program.
Business Energy Investment Tax Credit (ITC)
The Inflation Reduction Act of 2022 updates the federal Business Energy Investment Tax Credit, introducing new eligibility criteria, bonus credits, and transitions the tax credit to a new section.
Renewable Electricity Production Tax Credit (PTC)
The Inflation Reduction Act of 2022 introduces changes to the federal renewable electricity production tax credit, introducing new bonus credits and eligibility criteria.
Residential Energy Conservation Subsidy Exclusion (Corporate)
U.S. energy conservation subsidies provided by public utilities are tax-exempt, but this does not extend to certain electricity-generating systems. Tax credits can't be claimed for unsubsidized expenses.
Modified Accelerated Cost-Recovery System (MACRS)
The Tax Cuts and Jobs Act of 2017 allows 100% depreciation for qualified assets, impacting renewable energy technologies. MACRS classifies these technologies for depreciation purposes.
Energy and Emissions Goals and Standards for Federal Government
President Biden's Executive Order 14057 sets ambitious sustainability goals for the US, including 100% carbon-free electricity by 2030 and a fully zero-emission federal fleet by 2035.
