Wisconsin Solar Panel Tax Credit

Customers of most wisconsin utilities including we energies and alliant energy are eligible for the wisconsin focus on energy rebate when they purchase a qualifying solar panel system.

Wisconsin solar panel tax credit.

That s a 5 5 6 saving on the whole installed cost of your system. Without question the federal solar tax credit also referred to as the investment tax credit itc is one of the best incentives available for property owners in wisconsin. All of wisconsin can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. Read on to learn all you need to know about investing in solar for your home in wisconsin.

There may still be other local rebates from your city county or utility. The almost 1 2mw solar photovoltaic system covers a large rooftop on the corporate campus with 4 488 solar panels. Wisconsin offers sales tax exemptions. This rebate is worth 200 kw ac of installed capacity up to 1000 per system.

With the itc you can deduct 26 percent off the cost of your solar equipment on your taxes that means big savings on your solar panel installation. That amount goes up to 4 000 if you live in a rural county. Save money by installing solar panels in wi. Most of our customers would get the full 1 000 rebate.

The one great thing going in wisconsin solar is a rebate of up to 2 000 on a solar panel purchase. Thanks to solar rebates and incentives more wisconsinites than ever are saving on their electricity bills with solar panels. Credits for approved solar installations installing alternative energy equipment in your home can qualify you for a credit equal to 30 of your total cost. Wisconsin solar installation costs do not include the 26 federal investment tax credit or local incentives.

The credit is available through the end of 2019. Federal solar tax credit itc 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.