Benefits of Solar Energy
Solar energy has several advantages that will enhance your home for years to come.
- Better energy independence: Solar systems with battery backups function through power outages and emergencies, and you won't have to rely on the power grid for your safety and well-being.
- Lower utility costs: Sourcing some or all of your own electricity will spend less on electricity long-term.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can reduce or eliminate your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Kenosha Homeowners?
Wisconsin homeowners who go solar could qualify for rebates, special financing, reimbursements and tax credits. Here are just a few of the region's incentive programs.
Incentive Type: Sales Tax IncentiveWebsite: revenue.wi.gov
100% exemption from sales and use tax for eligible purchases
Incentive Type: Rebate ProgramWebsite: focusonenergy.com
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
100% of the value added by an eligible renewable energy system
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
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 Kenosha
Choosing a company is the first step toward an effective and valuable solar system. Here are some important factors to bear in mind while searching for a solar provider.
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. You should also visit a company's website to learn about its private credentials. Two of the most respected are the PV Installation Professional and Solar Heating Installer certificates, backed 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 Kenosha
Your photovoltaic panels' model will impact how much electricity you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies provide these additional features, so look for a contractor that sells them if it's important for you.
Generally speaking, it will cost about $19,400 for a five-kilowatt solar array in Kenosha. This table lists more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Kenosha
There are a plethora of ways to pay for new solar panels, and the right one will reduce your expenses. A few of the most common options include power purchase agreements (PPAs), cash payments, loans, and leases. Though it requires a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best 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 let you use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for contractors that offer two or more payment plans to find the right fit for your wallet.
The table below lists the average payback periods for different capacities of solar systems in Kenosha.
You are eligible for a 26% federal tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer rebates, discounts, and dedicated financing plans that could save you more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Kenosha
How much money could I save by going solar in Kenosha?
How prevalent is solar energy in Kenosha?
Will solar panels improve my Kenosha home price?
How can I evaluate my site's solar potential?
What is a Kenosha solar panel's average lifespan?
How do I care for my new solar system?
How are a solar lease and PPA different?
If you choose a lease, you'll make fixed monthly payments.
With both leases and PPAs, you don't own your panels and lose eligibility for most incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from local banks, installer, the government and specialty lenders. You'll need to pass a credit check to qualify for most of them. While the upfront costs are higher, and you'll be responsible for maintenance, you'll also have complete ownership and can apply for many more benefits.
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