Energy Efficient Water Heaters... Ask the Energy Wiz!
I have a few questions about solar energy and incentives:
1. Does the state of Nebraska offer any state tax credits for solar energy?
At present, Nebraska does not offer tax incentives for solar energy. However, there are federal tax incentives. The Tax Information Assistance Project summarizes incentives for solar energy projects.
Q:2. Does the state offer a cash rebate per kilowatt of installed solar power like California where a credit of $3,200 per kilowatt of install poweris available? A:
At present, Nebraska does not offer rebates for installed solar power. Depending on the project, there may be federal tax credits available.
Q:3. Do you know if the federal tax credit is refundable or not. For example, if you are receiving a tax refund of $1,000 and you have a federal tax credit of $2,000, would you receive a refund of $3,000? A:
This question would best be answered by a tax consultant.
Q:4. Does the state of Nebraska have a Net metering law like California? A:
Q:5. Do you know what federal funding programs are available to install solar? A:
One source of project funding is for commercial and agricultural applications, through the United States Department of Agriculture, Rural Development.
Q:6. What state funding is available for solar power? A:
Nebraska offers the Dollar and Energy Saving Loan program. Using these loans, a solar power project could be funded, provided it shows a 10 year simple payback (payback without interest). Dollar and Energy Saving Loan information is available at the Energy Office’s web site.
The Energy Wiz
The staff at the Energy Office respond to many inquiries on a variety of topics from Nebraskans. From time to time, the Quarterly will share some questions and the answers with readers.