Wisconsin Solar Incentives
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.
In addition to state-level incentives, there are also a number of federal incentives available for solar power systems.
Federal Solar Incentives
There are also a number of other federal tax credits and deductions available for energy-efficient home improvements like solar panels.
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.
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.