Wisconsin might be America’s Dairy Land, but it produces more than just cheese – more Wisconsinites than ever are generating electricity for their homes with solar panels. Whether you live in Green Bay or Milwaukee, you can save thousands on your electricity bill with solar thanks to some of the best incentives in the country.
Wisconsin solar tax credits and rebates are some of the best in the country
For homeowners in the Badger State, there’s never been a better time to start exploring all of the solar options available. The cost of going solar in Wisconsin is lower than ever thanks to falling these great Wisconsin solar rebates:
Focus on Energy renewable rewards
If you’re installing a solar energy system on your home in Wisconsin, you can get a rebate on the cost of your solar equipment from Focus on Energy. For every kilowatt (kW) of solar power you install on your property (up to 5 kW), you’re eligible for a $300 rebate, plus additional, declining rebates for every additional kilowatt you install. That translates to $1,500 cash back for a 5 kW system and $2,500 for a 10 kW system in your pocket in addition to the major solar savings you’ll see on your electric bill. Be sure to check the Focus on Energy website to see if your utility participates in their programs and to see if you may be eligible for even higher incentives (for instance, if you live in rural areas of the state).
Solar tax incentives
Solar is a worthwhile investment, but knowing where you can reduce your costs is important to improving your rate of return. For residents of the Badger State, there are multiple tax incentives to help you maximize your savings: the sales tax incentive, which exempts you from paying sales tax on your solar equipment, and the property tax incentive, which exempts you from paying property taxes on any additional value solar adds to your home. Small savings can add up!
Other key solar power incentives in Wisconsin
Wisconsin net metering
When you install a solar energy system, you don’t need to include a battery to be certain that you’ll have electricity when you need it. Thanks to net metering in Wisconsin, you can send your extra solar energy back to the grid in exchange for credits on your utility bill. When you need more electricity than your panels are generating, those credits can make up the difference for you. Xcel Energy offers the top utility net metering program in Wisconsin.
Solar access rights
To be sure that you’re getting maximum value from your solar panels, you have to have access to their power source: the sun! Wisconsin solar access rights grant homeowners the right to have unrestricted access to the sun, so when you install solar panels, you can rest assured that your neighbors won’t be able to do anything that obstruct your source of solar energy. Plus, if you live in an area with a homeowners’ association, your HOA can’t stop you from going solar.
Federal solar energy tax credit (ITC)
Without question, the federal solar tax credit, also referred to as the Investment Tax Credit (ITC), is one of the best incentives available for property owners in Wisconsin. With the ITC, you can deduct 26 percent off the cost of your solar equipment on your taxes – that means big savings on your solar panel installation.