Buy a Solar System and Cash In On Solar Savings
While Wisconsin has a number of great reasons to go solar like creating jobs and protecting its stunning landscape, it turns out homeowners have just as many incentives to go solar in the Badger State. With perks like cash incentives, net metering, and a generous federal tax credit, owning solar panels in Wisconsin is one of the brightest investments you can make for your home.
Wisconsin Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Federal Solar Tax Credit (ITC)
||30% of the total system cost
|Property Tax Exemption
||Avg Savings $15,0004
||Variable (Net Metering)
|Renewable Energy Sales Tax Exemption
||Up to 6% when you buy a home solar system 7
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Net Metering in Wisconsin
Net metering1 is one of Wisconsin’s best solar incentives and is offered by most of the state’s utilities. Not only does it give energy providers a more sustainable source of power,2 it gives you even more chances to save on your energy bill.
It’s pretty simple: if your solar system produces more energy than you need, your utility will buy that surplus energy from you and pay you in the form of energy credits. That way, you can put those credits towards your electricity bill for times when you’ve needed to use energy from the grid. You can expect this to happen at nighttime or on particularly cloudy days. Basically, you can “save” your solar energy for when you need it most.
Property Tax Exemption for Residential Solar Systems
As a homeowner, you know that property tax exemptions can be a pretty big deal. So you’ll be pleased to hear that Wisconsin also offers a Property Tax Exemption for Residential Solar Systems.3 And when solar systems can increase the value of your home by up to $15,000 on average,4 you’ll get even more bang for your buck if you decide to move.
Renewable Energy Sales Tax Exemption
The price of solar systems has gone down by over 50% in the past 5 years5—but we’ll never turn down a way to keep saving. That’s why Wisconsin’s Renewable Energy Sales Tax Exemption6 is a welcome addition to the other incentives available in the Badger State, saving you up to 6% when you buy a home solar system .7
Federal Solar Tax Credit (ITC)
On top of Wisconsin’s state solar incentives, solar system owners are also eligible for the Federal Investment Tax Credit,8 or ITC, if you buy your own solar system outright.* The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%, and by 2022 the residential credit will drop to zero.9 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a custom solar design built by one of the top Wisconsin solar installers in your area, meeting the unique needs of your home and lifestyle.
See why customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.