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.
|Solar Savings Types||Value of Savings|
|Federal Solar Tax Credit||26% of the final cost of the solar system|
|Property Tax Exemption||Average Savings $15,0004|
|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.
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.
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
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. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.9 We can help you maximize on all the solar savings available to you.
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.
*We recommend contacting a tax professional to most accurately determine the impact of the ITC on your federal taxes