Solar energy is an investment both into your future and the Earth’s future. Let’s face it. There’s a lot of good that can come from installing a product that’s good for the Earth.
At Sun Badger Solar, we want to help make communities aware of all the benefits and incentives to installing solar panels on your home. These are the Wisconsin solar incentives you’ll find from installing solar panels.
Focus on Energy from Wisconsin offers all kinds of benefits both to residential and commercial solar installations. Residential customers can receive $500 to offset the cost of their solar interconnect and permitting. Business customers can save $50k when installing a solar energy system. And, agriculture businesses can receive $10,000 more when they choose to install solar energy systems.
These rebates and incentives are huge, but other Wisconsin utility providers offer incentives as well. No matter who your utility provider is SBS will help you navigate your best incentive possibilities.
The Wisconsin Department of Revenue has been offering sales-tax-free purchases of all renewable energy products since 2007. That means you’ll be free of the sales tax rate when you’re purchasing your solar energy equipment. While that might not seem like big savings, the Wisconsin sales tax rate is 5%. That can make a big difference in the overall cost when it scales to over $10,000.
Federal Tax Credit
The federal tax credit for solar installation was extended to last at a 26% rate throughout 2022. That means you could see great value from installing a solar system on your property. The 26% rate is applied to every cost associated with getting your solar panels up and running. This includes equipment costs, installation, electrical work, tree trimming, and more. If your total bill to install the panels is $30,000, you’ll receive a 26% credit of that number or $7,800.
It’s important that if you want to take advantage of the solar tax credit, you do so as quickly as you can. The credits don’t last forever, and any systems installed or purchased after December 31st, 2022, will be subject to a lower credit percentage.
Wisconsin Net Metering
Net metering is when your utility provider offers you a credit for the excess energy that your solar energy system creates. When you don’t use all the energy produced, it will be pushed back to the grid and used by homes around you. This is a great way to give back to the community around you with your solar panels and a way for you to save on your energy bills even more.
It’s important to note, however, that not all utility companies offer this service. In some cases, you could be able to get your electric bill to $0 and never a positive number. When this is the case, we recommend installing a solar battery bank to store that extra energy until you need it due to a cloudy day or during the evening.
Wisconsin Solar Access Rights
Wisconsin has implemented a neat program to help ensure its residents can keep getting solar from their investment is the Wisconsin Solar Access Rights. This bill grants homeowners to have unrestricted access to the sun. When you install solar panels, you can rest assured that your neighbors won’t be able to do anything that could obstruct the sun or your ability to gather solar energy.
If you live in an HOA (homeowners association), you also can’t be kept from going solar. The association has no right to keep you from going solar. That means everyone in Wisconsin has the right to go solar and stay solar.
If you’re hooked on the idea of going solar, and you’re ready to start the process of learning more and finding the right solar solution for you, contact us today! At Sun Badger Solar, it’s our mission to make sure that each of our customers receives the care that’s right for them.
Solar energy has many incentives and benefits; why not get your Wisconsin solar energy up and running? You won’t regret it.