Solar Panels in Wisconsin | 2022 Cost and Incentives | SaveOnEnergy®

Wisconsin Solar Panels: Pricing and Incentives

How much do solar panels cost in Wisconsin?

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Solar power in Wisconsin

Wisconsin is no stranger to solar power. The state began investing in solar policies nearly four decades ago, and those investments have paid off. While Wisconsin still ranks among the middle of states for solar generation, it has seen significant growth over the past few years and is expected to see more growth over the next five years.

Solar panels can save you money on electricity and help to reduce your carbon footprint. Keep reading to learn more about the costs and benefits of solar panels and whether they’re right for your home.

Wisconsin solar panel cost

The cost of a solar panel system in Wisconsin will depend on several important factors, including the size and configuration of your system, the components included, local labor and permitting costs, and more.

Solar panels generally cost between $3 and $5 per watt, and the average 5kW system costs between $15,000 and $25,000 before tax credits and rebates. Thanks to financial incentives and energy savings, you can expect to break even on your solar panels within 6-9 years.

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Wisconsin solar incentives or rebates

Solar panels are a significant financial investment, but the federal government and several state and local governments offer financial incentives to reduce the cost burden and encourage residents to invest in solar.

First, the federal government offers a solar tax credit to homeowners who purchase solar panels. The credit is 26% until 2022, will be decreased to 22% in 2023, and will disappear in 2024 if Congress doesn’t renew it. This credit alone can save you thousands of dollars on your solar panel purchase. However, you won’t be eligible for this tax credit if you have a lease or PPA for your solar panels. 

The state of Wisconsin also has initiatives in place to make solar power more affordable. First, the state offers a flat $500 rebate to help cover permitting and other costs for your solar installation. The state also offers sales and property tax exemptions to help eliminate the tax burden of purchasing solar panels and installing them on your home. Finally, Wisconsin’s net metering program allows you to sell your excess electricity back to the grid in exchange for credits on your utility bill.

Why choose Wisconsin solar power?

There are plenty of benefits to having solar panels on your home, including reduced energy costs, the opportunity to establish energy independence, and a reduced carbon footprint.

Lower energy costs

One of the most significant benefits of installing solar panels on your home is the money you can save on energy costs. The solar panels on your home capture sunlight, and then your system turns it into usable energy. As long as solar energy is mostly powering your home, you’ll pay less for electricity from the traditional energy grid. The amount you can save depends on your current energy costs and how much energy your solar panels can produce, but you have the potential to save more than $1,000 per year.

Establish energy independence

Another benefit of having solar panels on your home is that you can establish energy independence, meaning you aren’t fully reliant on the traditional energy grid to power your home. If you have a solar battery, your stored solar power can continue to power your home when the traditional energy grid is down. Another benefit of energy independence is that you aren’t vulnerable to energy price hikes when demand is high.

Go green

Traditional electricity generation can be harmful to the environment, emitting carbon dioxide and greenhouse gasses that contribute to climate change and pollute the air and water. However, solar is a renewable resource, and its production doesn’t have the same harmful environmental impact. As a result, installing solar panels on your home can reduce your home’s carbon footprint.

Follow these steps to learn more about solar energy

  1. Call our solar energy experts 
  2. Find out if solar energy is right for you and discuss the options available at your home
  3. Call: 866-284-7209 now to get a customized quote.

Should I buy or lease my solar panels?

When you decide to install solar panels on your home, you’ll have two choices: buying or leasing your solar panels. 

While both options have their advantages, buying your own solar panels is ultimately the most cost-effective. First, you can only take advantage of the federal tax credit and other financial incentives if you buy your panels. Buying your panels will also save you the most money on energy in the long run and can increase the resale value of your home by an average of $15,000.

While buying solar panels is cost-effective for most people, it simply isn’t possible for everyone. Because of that, leasing solar panels helps to make solar more accessible. First, you can avoid the upfront cost required for buying your own solar panels. Additionally, leasing is better suited to renters for whom it doesn’t make sense to buy panels.

A final option is participating in a community solar project. These shared solar programs allow anyone to join and share the benefit of the solar energy generated by the project. This type of program is ideal for those who can’t afford solar panels or who live in homes where they can’t install solar panels.

The history of solar power in Wisconsin

Like many states, Wisconsin implemented its first solar policies decades ago, with its Solar Rights Law. Over the following few decades, the state implemented solar-friendly initiatives such as its net metering program, renewable portfolio standard, solar rebate, and more.

Wisconsin sits in the middle of the pack for solar generation, ranking 25th in the nation in 2021. Over the past several years, the state has seen an increase in utility, commercial, and residential solar installations. Solar power currently makes up about 0.75% of Wisconsin’s electricity, which is enough to power more than 100,000 homes. It has also contributed to the state’s economy. There are 150 solar companies in Wisconsin, which create nearly 3,000 jobs.

Important solar factors to consider

Solar panels can be an excellent investment, but there are a few things to consider before you install them on your home:

  • According to the Department of Energy, solar panels are most effective on south-facing roofs with slopes between 15 and 40 degrees, as well as roofs in good shape that won’t need to be replaced anytime soon.
  • Solar panels are most effective in areas with lots of sunlight. Consider the weather patterns in your state, as well as where there’s anything in your area that obstructs the sunlight from hitting your home.
  • If you have a homeowners association, there may be restrictions around the use of solar panels. Some neighborhood organizations may limit the size of solar panel systems or require approval before you install them.

Solar power FAQs

How much would solar cost in Wisconsin? Expand / Collapse Toggle

The average residential solar panel system costs between $15,000 and $25,000. The price of your system will depend on your location, the size, configuration, and components of your system, local labor and permitting costs, and more.

Is solar power a good investment in Wisconsin? Expand / Collapse Toggle

Solar power can be an excellent investment and can lead to long-term energy savings. However, it’s not right for everyone. Whether solar power is a good investment for you will depend on your location, the weather patterns in your area, and how much energy you typically use.

How much could I save by investing in solar? Expand / Collapse Toggle

The amount you can save by investing in solar depends on how much you generally spend on electricity. The average Wisconsin homeowner could save about $783 per year with a solar system.

Where can I find a good solar panel installer in Wisconsin? Expand / Collapse Toggle

SaveOnEnergy can help you find a solar installer you can trust. Enter your information in the form on the screen and we’ll connect you with a solar installer near you.

How does solar power help the environment? Expand / Collapse Toggle

Unlike traditional electricity generation, solar energy generation doesn’t emit carbon dioxide that contributes to climate change and pollution. It’s also a renewable resource.