Benefits of Solar Energy
Solar energy has multiple advantages that will enhance your home for years to come.
- Better energy independence: Adding a battery storage system lets you have reliable energy during storms and grid outages.
- Lowered energy bills: You can dodge the added cost of grid-tied power by producing some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back for credits on your bill.
- Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can lower or beat your home's dependence on "traditional" sources.
What Solar Incentives Are Available to Fond du Lac Homeowners?
Governments and utilities often incentivize homeowners for adopting solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
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: 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 Fond du Lac
Choosing a company is the first step toward a well-oiled and cost-efficient solar system. Consider all of these aspects in your service provider search.
Licensing and Training
For solar thermal installations, Wisconsin requires a licensed HVAC contractor or plumber to be the crew 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. Solar providers can also earn certifications from trade groups and standards organizations. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Fond du Lac
The kind of solar panels you purchase dictates how much power you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can increase your solar system's performance. Not all solar contractors include these additional features, so look for a contractor that sells them if it's crucial for you.
Generally speaking, it costs about $19,400 for a five-kilowatt solar array in Fond du Lac. This table displays more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,057 |
Solar Polycrystalline | $824 |
Thin-Film | $482 |
Solar Battery | $676 |
Solar Home EV Charger | $2,536 |
Financing Solar Energy in Fond du Lac
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar loans, solar leases and cash payments. Though it requires a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, as with an electric bill. We generally don’t recommend these two options because you won't own the panels and cannot use solar incentives. We suggest working with a provider that offers multiple financing options. Ask each consultant about what's available, and get more than one estimate for the best odds of keeping within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in Fond du Lac.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities 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 |
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Frequently Asked Questions About Solar in Fond du Lac
How much energy and money could I save per year by switching to solar?
How widespread is solar energy in Fond du Lac?
Will solar energy systems boost my Fond du Lac home value?
How long will a standard solar system last?
How long does the solar installation process last?
How long does it take to pay back a solar loan in Fond du Lac?
How does "net metering" work, and do I need to participate?
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