Over 15,000 homeowners in Wisconsin have used EnergySage to receive & compare solar panel installation quotes!
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Solar installation costs do not include the 30% federal investment tax credit or local incentives.
Thanks to solar rebates and incentives, more Wisconsinites than ever are saving on their electricity bills with solar panels.
While Wisconsin has earned the nickname Dairyland, the state has much more to offer than cheese. With almost half of the state covered in beautiful forests, Wisconsin offers some of the best renewable energy incentives to help protect the state’s natural resources for generations to come. Among the solar-specific incentives offered in the Badger State are net metering availability, tax incentives, and solar rebates through Focus on Energy.
From Wisconsin data, it is shown that the average cost of a solar panel installation ranges from $14,195 to $19,205. On a cost per watt ($/W) basis, a solar panel installation in Wisconsin ranges in price from $2.84 to $3.84. See how Wisconsin compares to solar panel costs across the U.S.
How long does it take to earn back your initial investment in solar panels? A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. In Wisconsin, the average solar payback period is 12.42 years.
Regardless of the exact cost of installation, there are many affordable financing options for solar panel systems. Cash purchases are one common method to pay for solar and often lead to the most long-term value for your money. If an upfront purchase isn’t right for you, solar loans and solar lease/PPAs are available to help finance a solar energy system.
For property owners, you now can customize your solar panels, inverters, racking systems, and batteries, as well as the general aesthetic of the installation. This customizability has made it important for solar consumers to understand these various factors. For example, the best solar panels available may have premium efficiencies and warranties, but will typically be more costly. However, depending on the size of the installation, you’ll need to determine whether high-efficiency solar panels that can produce more electricity are worthwhile. Also, your appetite for risk can help determine which solar warranties best fit your needs. These are just a few of the many factors to consider when selecting solar panel equipment.
Aside from the power output of the solar equipment you choose to install, the amount of energy you generate with solar panels in Wisconsin is directly related to the amount of sunlight that hits your panels. Wisconsin ranks towards the middle of the states for average peak sun hours. Expected annual energy from your geographical region is important, but it is not the only factor to consider.
There are additional factors that determine how much solar electricity you can produce. These include shading and panel angle, which are used to calculate your total production estimate. a prediction of how much energy your solar installation will produce over time. This evaluation offers a clear estimate of how much energy your solar installation will produce. You can see how much solar panels can save you based on factors like geographic location and shading by using the EnergySage Solar Calculator.
Solar incentives in Wisconsin can help you reduce the overall price of going solar. Learn more about why solar panels are such a great investment in Wisconsin.
Learn about solar incentives in WIThe federal investment tax credit, now referred to as the Residential Clean Energy Credit for residential systems, has been one of the most reliable and impactful incentives for solar across the U.S. This solar incentive allows you to deduct 30 percent of the total system cost from your federal taxes. For example, a solar energy system installation that costs $15,000 out of pocket will qualify for a tax deduction of $4,500. For residential systems, this advantageous incentive lasts until the end of 2032 at which point it steps down to 26 percent. The federal ITC drops to 22 percent in 2034 and is eliminated for residential solar installations in 2035. Commercial systems are eligible at least through 2024, but may not be eligible for the full 30 percent depending on certain labor and domestic manufacturing requirements; they also may be eligible for specific ITC adders.
Besides the federal ITC, Wisconsin has additional incentives for going solar that are dependent on your area and utility company. Of note are solar tax incentives, net metering availability, solar access rights, and solar rebates though Focus on Energy. To learn more about Wisconsin’s best financial incentives for solar, check out our complete overview of the state’s best solar incentives.
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Learn more about EnergySageFor the Badger State, solar energy is just beginning to become a critical part of its future energy plans. Over the past decade, solar has steadily grown, becoming more accessible for the state’s residents. According to the 2018 SEIA national ranking, Wisconsin only ranks 41st in the nation with a total installed solar capacity of just under 70 megawatts (MW). However, SEIA projects that in five years Wisconsin will catapult all the way to 26th on their national ranking, setting the stage for the development of the solar industry in the near future. While decreasing solar costs and environmental concerns have been critical for the solar industry, Wisconsin’s solar policies are paramount to the growth and increased accessibility of solar in the state.
Wisconsin’s first solar policy came in 1982, when the state implemented Solar Rights Laws. Although the policy doesn’t focus on financial incentives, it recognizes that solar energy usage is a property right, legitimizing the use of the technology throughout the state.
Also in 1982, Wisconsin passed its net metering program for customers that generate electricity with solar systems of up to 20 kilowatts (kW). Net metering programs have been crucial for the solar energy industry nationally as they allow residents to export surplus net energy (NEG) to the electric grid and receive compensation for it on their energy bill. In Wisconsin, most utilities offer their ratepayers compensation for excess solar at the retail rate, rather than the lower wholesale or avoided-cost rate offered in other jurisdictions. Additionally, if a NEG credit in Wisconsin exceeds $25, then the utility must issue a check for the amount to the customer.
In 1999, Wisconsin introduced the state’s renewable portfolio standard (RPS) program, which was one of the first passed in the nation. Across the country, state energy requirements have been imperative to the development of clean energy, and the same is true in the Badger State. Wisconsin’s first RPS goal required utilities to supply 10 percent of their electricity sales from renewable energy by 2015. Although the state has not yet updated this target specifically through the RPS, the current governor just signed an executive order establishing a goal of producing 100% emission-free electricity by 2050.
Also in 1999, Wisconsin created the Focus on Energy Program (FOE), a public benefits fund that provides information, financial assistance, technical assistance and other services for energy efficiency and renewable energy. Funding for the program is supported by surcharges on ratepayer’s electricity bills. For solar specifically, FOE offers a $600 rebate for every kilowatt (kW) of solar power installed on a solar system property, all the way up to 4 kW. Focus on Energy also funds the Renewable Energy Competitive Incentive Program, which began in 2011 to offer grants to support the development of large renewable energy projects.
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