Benefits of Solar Energy
Solar energy provides multiple perks. Let's look at a few of them.
- Better energy independence: Solar panel systems can keep your home functioning through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on non-renewable sources.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, lowering your periodic electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant number of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Eau Claire Homeowners?
Wisconsin homeowners who upgrade to solar could qualify for rebates, tax credits, reimbursements and special financing. Here are just a few of the area's incentive programs.
Incentive Type: Sales Tax Incentive
Website: revenue.wi.govIncentive Amount:
100% exemption from sales and use tax for eligible purchases
Incentive Type: Rebate Program
Website: focusonenergy.comIncentive Amount:
Solar PV: Residential - $200 per kW
Business - 0-5 kW: $200 per kW
5-10 kW: $1000 + $150 per kW over 5
10-100 kW: $1750 + $125 per kW over 10
100-300 kW: $13000 + $100 per kW over 100
300-500 kW: $33000 + $85 per kW over 300
Incentive Type: Property Tax Incentive
Incentive Amount:
100% of the value added by an eligible renewable energy system
Incentive Type: Rebate Program
Website: ecec.comIncentive Amount:
Clothes dryer: $25/unit
Heat pump clothes dryer: $50/unit
Clothes washer: $25/unit
Dishwashers: $25/unit
Refrigerators: $25/unit
Dehumidifier: $25/unit
Refrigerator/Freezer/Room AC Recycling: $25/unit
Electric Water Heater (75 - 99 Gallons or 85 Gallon Marathon): $125/unit
Electric Water Heater (100+ Gallons or 100 Gallon Marathon): $300/unit
Heat Pump Water Heater: $300/unit
Solar Storage Water Heater: $300/unit
Air Source Heat Pump/Mini-Split Heat Pumps: $200/Ton
Geothermal Heat Pump: $400/Ton
ECM Blower Motor: $35/unit
LED Bulbs: $1
Occupancy Sensor: $5 Each
LED Exit Sign: $5/sign
LED Fixture: $1/800 lumens
Home Performance Evaluation: Up to $100
Home Implementation Incentives: Up to $500
Touchstone Energy Home Program: $500
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Eau Claire
Choosing a company is the first step toward a well-oiled and valuable solar system. Here are some key items to consider while shopping for a solar company.
Licensing and Training
For solar thermal installations, Wisconsin requires a licensed HVAC contractor or plumber to be the team if the work involves heating equipment or potable water. There are fewer restrictions for solar PV systems, but either your city government or the Wisconsin Division of Safety and Buildings may have to review building plans before you begin. You should also visit a company's website to learn about its private credentials. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Eau Claire
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
Additional components, such as electric vehicle (EV) chargers and battery storage, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers include these add-ons, so look for a company that installs them if it's a priority for you.
A majority of Eau Claire homeowners choose solar systems rated for five kilowatts (kW) of electrical capacity. These systems run about $19,400 to install, considering both materials and labor. You can find more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,119 |
Solar Polycrystalline | $873 |
Thin-Film | $510 |
Solar Battery | $716 |
Solar Home EV Charger | $2,685 |
Financing Solar Energy in Eau Claire
Solar providers use multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, solar loans, solar leases and power purchase agreements (PPAs). Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a home or auto loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each installer you're considering about the payment plans it offers. A staff member can help you determine the optimal option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Eau Claire.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.0 years |
2 kW | 4.0 years |
5 kW | 10.0 years |
10 kW | 20.0 years |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Eau Claire
How much money could I save by going solar in Eau Claire?
How prevalent is solar energy in Eau Claire?
Should I expect a boost in my property value after installing solar panels?
How can I check my property's solar feasibility?
How many years does an average solar system last?
Is solar panel installation a fast job?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Not being straightforward about credentials and training, cost, references and warranties
- "One-size-fits-all" approach
- Superficial, rushed site evaluation
- Limited customer feedback
How are a solar lease and PPA different?
If you choose a lease, you'll make set payments each month.
With both leases and PPAs, you do not own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.