Live in Wisconsin and would like to install solar panels, but are worried that the upfront costs will be high? What if we told you that you could get quite a bit of your money back? Intrigued? Then read our article about solar incentives in Wisconsin.
The US government wants more people to go solar: it’s a modern and green way of getting energy. This is why the Solar Investment Tax Credit (ITC) program was developed. It allows American citizens to claim 30% of the cost of their installation as an income tax deduction. The cost here is not only solar panels, but also shipping, installation expenses and more. For example, if your system overall made you spend $10,000, the government returns you $3,000. To claim the ITC, complete all the necessary forms and submit them when filing your taxes.
The net metering policy in Wisconsin has made it easier for its customers to sell excess solar power instead of storing the energy in batteries. Your PV system will start to pay for itself primarily through the net metering program by selling solar energy that you haven’t used to the commercial grid.
When you send excess power to the grid it will be stored as credits which can either be sold or later used to even out monthly power consumption needs. The credit value in Wisconsin is equal to your utility retail rate per kWh and never expires, but continues to roll over as long as you keep the same utility.
One of the top net metering utility programs in Wisconsin is through Xcel Energy. You can sign up as a residential or business customer on their website. The application requires an interconnection fee.
Wisconsin residents invested in a solar energy system do not have to pay any additional property taxes on the added value a solar PV system brings to their homes. However, any such home improvement will definitely make it about 4% more valuable on the property market, says the Zillow report. In order to claim the exemption, property owners must apply for an Energy System Exemption Request from their local assessor.
4%
this is how much solar panels increase the value of your house
Solar access laws will help ensure your PV system always has adequate sun exposure, protecting you from potential obstacles. These rights will guarantee that your neighbor will not enlarge the size of their building or allow their vegetation to block sunlight from reaching your system.
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Years of experience in translation and a love of nature help Julia find the right words to encourage going solar. She joined the team in 2023 and is happy to make her contribution to a greener future.
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