Solar Panels Incentives Wisconsin

Learn more about why solar panels are such a great investment in wisconsin.

Solar panels incentives 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. The magic number is 16 667 for reaching that 2 000 cap. Wisconsin solar rebates customers of most wisconsin utilities including we energies and alliant energy are eligible for the wisconsin focus on energy rebate when they purchase a qualifying solar panel system. Other incentives for solar accelerated depreciation.

Wisconsin solar rebates focus on energy provides 500 to offset the cost of installing your solar energy system in wisconsin. While that s not as huge a chunk as the 50 000 wisconsin businesses can now get for going solar it still helps. Wisconsin s focus on energy program is a state rebate program where you can lower the total cost of your solar system. Wisconsin solar incentives wisconsin is becoming known for its great solar incentives and programs which are considered some of the best in the country.

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. For eligibility and funding information check out their website. Solar power performance payments provide small cash payments based on the number of kilowatt hours kwh or btus generated by a renewable energy system. Wisconsin solar panels guide 2020 updated august 20 2020 while wisconsin may have less than average sun exposure and a weak renewable portfolio standard rps the combination of net metering the 26 federal solar tax credit expensive retail energy rates and state incentives make going solar in wisconsin a great investment.

This rebate is worth 500 per system. The incentive reduces the total cost of your solar system by 12 up to 2 000. In addition to wisconsin s state solar incentives solar system owners are also eligible for the federal solar tax credit 8 if you buy your own solar system outright the federal solar tax credit gives you a dollar for dollar reduction against your federal income tax. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years.