Benefits of Solar Energy
Solar energy offers multiple advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Lowered energy bills: With solar panels, you generate power without paying the tacked-on costs of grid-connected power. 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.
- Better energy independence: Solar energy can keep your home functioning through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
What Solar Incentives Are Available to Milwaukee Homeowners?
Wisconsin agencies and electric companies offer a variety of solar incentives to help offset your solar system costs. Below is a breakdown of eligible solar programs where you live.
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: Loan Program
Website: city.milwaukee.govIncentive Amount:
$20,000
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 Milwaukee
Choosing a company is the first step toward a well-oiled and valuable solar array. Consider each of these elements in your service provider search.
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 the Wisconsin Division of Safety and Buildings or your city government may have to review building plans before you begin. Solar providers can also earn certifications from trade groups and standards organizations. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Milwaukee
Your solar modules' model will influence how much energy you can produce. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can increase your solar system's efficiency. Not all solar companies include these add-ons, so look for a company that installs them if it's crucial for you.
You can plan to spend about $19,400 on average for a five-kilowatt solar energy system in Milwaukee. Check the table in this section to get an idea of the amount Milwaukee solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,187 |
Solar Polycrystalline | $926 |
Thin-Film | $541 |
Solar Battery | $760 |
Solar Home EV Charger | $2,848 |
Financing Solar Energy in Milwaukee
Solar providers offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, cash payments, solar loans and power purchase agreements (PPAs). We recommend making a cash payment or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. Ask each provider you're vetting about the financing options it offers. A representative can help you determine the best option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Milwaukee.
You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and specialized financing options that could save you 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 Milwaukee
How much money could I save by going solar in Milwaukee?
How widespread is solar energy in Milwaukee?
Should I expect a property value increase after adopting solar power?
How long is a Milwaukee solar panel's average lifespan?
How do I care for my new solar system?
How long does it take to pay back a solar loan in Milwaukee?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to "buy out" of the contract for a fee.
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