Wisconsin Solar Power in Wisconsin
Not sure if solar is right for you? Incentives for solar power in Wisconsin vary by region and utility. Contact an All Energy Solar consultant to see what incentives are available in your neck of the woods.
Our team of dedicated professionals is waiting to assist you with every aspect of your solar energy project, from initial site visit and permitting to incentive paperwork and complete installation.
All Energy Solar in Wisconsin
As the premiere solar provider to the Badger State, All Energy Solar strives to provide the best quality solar power systems at competitive prices. And with our ongoing monitoring and maintenance, you can feel confident in your investment in renewable energy.
All Energy Solar has roots in the Midwest – including Wisconsin. In fact, President of All Energy Solar, Michael Allen is a proud Badger and graduate of University of Wisconsin Madison.
Wisconsin Solar Incentives
Wisconsin’s Focus on Energy Rebate Program
Focus on Energy is Wisconsin utilities’ statewide energy efficiency and renewable resource program. Since 2001, the program has worked with eligible Wisconsin residents and businesses to install cost-effective energy efficiency and renewable energy projects. Starting in January 2017 they’ve set the rebate at 12% of installed cost for solar, not to exceed $2,000 for residential or $4,000 for non-residential.
Federal Solar Incentives
Federal Income Tax Credit
Available to any property owner in the United States.
Established by The Energy Policy Act of 2005, the federal tax credit for residential energy property applies to solar-electric systems and several other renewable energy technologies. The Consolidated Appropriations Act, signed in December 2015, extended the expiration date for PV technologies, and introduced a gradual step down in the credit value for these technologies.
Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the “placed in service” date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home.
The maximum allowable credit, equipment requirements and other details vary by placed in service date, as outlined below.
Solar-electric property tax credit step down schedule
- 30% for all systems placed in service by 12/31/2019
- 26% for systems placed in service after 12/31/2019 and before 01/01/2021
- 22% for systems placed in service after 12/31/2020 and before 01/01/2022
- There is no maximum credit for systems placed in service after 2008.
- Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
- The home served by the system does not have to be the taxpayer’s principal residence.
If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The form that you will need to complete in order to file for the federal tax credit is Form 5695. It is to be filed in conjunction with your Federal Income Tax Return. This form can be found at www.irs.gov.
Additional Solar Incentives for Business Owners
Available to any business in the United States.
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in PV through depreciation deductions. A solar PV system is classified as five-year property (26 USC § 168(e)(3)(B)(vi)) under the MACRS, which refers to 26 USC § 48(a)(3)(A) to define eligible property.
USDA Rural Energy for America Program (REAP) Grants
Available for rural customers, as defined by the USDA.
The Rural Energy for America Program (REAP) provides financial assistance to agricultural producers and rural small businesses in rural America to install solar PV systems. The maximum funding available is 25% of system cost, and each businesses total incentive will be determined based on a business level feasibility study.
Ready to talk about your solar energy system possibilities? Contact us to get a free solar quote.