Residents of the Badger State pride themselves on their self-reliance, and to more and more property owners that also means trying to achieve as much energy independence as possible. Wisconsin solar installers have been working hard to help them reach their goals - including All Energy Solar.
Wisconsin residential electricity rates run more than 10 percent above the national average. Solar photovoltaic panels could potentially save you hundreds on energy yearly, and thousands of dollars over the lifetime of your solar power system.
Even better, Wisconsin solar power incentives, along with federal tax credits, could make solar panel installation for your home or business more affordable than you think. And the benefits stack together for maximum savings - qualifying for one solar incentive doesn’t disqualify you from another.
26% Federal Solar Tax Credit
Thanks to the Consolidated Appropriations Act of 2021, the federal solar tax credit incentive has been extended! Instead of decreasing to 22 percent for this year, it will stand at 26 percent. That’s more than one-quarter of the cost of your solar energy system paid for before you start applying additional solar incentives.
Focus on Energy
Focus on Energy is Wisconsin utilities' energy efficiency and renewable resource program. With Focus on Energy, Wisconsin residents can receive up to $500 to offset the interconnect and permitting costs of installing a solar power system. Business customers can save up to $50,000 for installing a solar electric system. Additionally, agricultural producers can earn up to $10,000 more for their solar energy system. Focus on Energy programs are available to customers of participating Wisconsin utilities.
Wisconsin solar tax exemptions
Wisconsin solar panel installations are exempt from sales taxes and property taxes! This means that if your solar panels increase the value of your home, it won’t increase the costs of the taxes you pay on the property. With the sales tax exemption, you automatically save up to 5.6 percent instantly. Remember that these incentives stack together – using one solar incentive doesn’t stop you from using others.
Wisconsin net metering
In most Wisconsin communities, when your solar power system generates more electricity than your property consumes, you can send the extra energy back to the grid in exchange for credits on your utility bill. Later, at a time when your property consumes more power than your panels are generating, those credits can pay for the electricity you use when you have to tap into the grid. Xcel Energy, We Energies, and some other utilities offer net metering programs in Wisconsin - does yours?
All Energy Solar is a full-service and licensed Wisconsin solar panel installer that can help to ensure you take advantage of as many programs for which you may qualify. Contact us for a free quote that can show what solar power can do for you.
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