Wisconsin Solar Panel Tax Credit

After that the percentage steps down each year and then stops at the end of 2021.

Wisconsin solar panel tax credit.

The credit is available through the end of 2019. This rebate is worth 200 kw ac of installed capacity up to 1000 per system. Wisconsin offers sales tax exemptions. That s a 5 5 6 saving on the whole installed cost of your system.

Read on to learn all you need to know about investing in solar for your home in wisconsin. The one great thing going in wisconsin solar is a rebate of up to 2 000 on a solar panel purchase. Save money by installing solar panels in wi. 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.

Most of our customers would get the full 1 000 rebate. American family insurance a multi line insurer headquartered in madison wisconsin and a fortune 500 company partnered with sunpeak to build the largest rooftop solar system in the state of wisconsin at its national headquarters. 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. 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.

That amount goes up to 4 000 if you live in a rural county. A sales tax exemption means that homeowners and businesses would not have to pay any state sales tax on their solar panel system. There may still be other local rebates from your city county or utility. 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.

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. Thanks to solar rebates and incentives more wisconsinites than ever are saving on their electricity bills with solar panels.