The state of Wisconsin offers a number of incentive programs to encourage homeowners and businesses to install solar power systems. These incentives, coupled with the declining cost of solar panels and the rise in electricity rates, make now a great time to go solar in Wisconsin.
Wisconsin Solar Incentives
The state of Wisconsin offers a number of incentive programs to encourage homeowners and businesses to install solar power systems.
The most notable program is the Focus on Energy Solar Rebate Program, which offers grants of up to $1,000 for residential solar installations and up to $60,000 for commercial solar installations.
These incentives can significantly reduce the upfront cost of going solar.
Federal Solar Incentives
In addition to state-level incentives, there are also a number of federal incentives available for solar power systems.
The most notable is the federal investment tax credit (ITC), which allows you to deduct 30% of the cost of your solar installation from your federal taxes.
There are also a number of other federal tax credits and deductions available for energy-efficient home improvements like solar panels.
what is the cost of solar panels in Wisconsin?
Solar panels have been getting cheaper and cheaper in recent years due to advancements in technology and economies of scale.
In fact, the cost of panels has dropped by 11% over the last five years. This decline in price, coupled with the increase in rebates and tax incentives, has made now a great time to go solar.
We Energies solar program overview:
In addition to the state and federal incentives available, We Energies also offers a number of deals on solar power systems.
How does Solar Power Net Metering Work?
One final factor that makes now a great time to go solar is net metering.
Net metering is a policy that allows you to sell excess electricity generated by your solar panel system back to the utility company at the same rate that you pay for electricity.
This effectively allows you to get paid for generating your own electricity. Wisconsin currently has some of the most favorable net metering policies in the country.
Solar power is becoming increasingly more affordable due to declining prices for panels and an increase in government incentives at both the state and federal level.
In addition, utility companies are beginning to offer more favorable deals for those who choose to go solar. Finally, net metering policies allow you to get paid for generating your own electricity.
All these factors make now a great time to go solar in Wisconsin!
Are you thinking about going solar?
Get in contact with us to learn more about the renewable energy incentives available in Wisconsin.
Going solar can save you money on your electric bill, and help reduce your carbon footprint.