Benefits of Solar Energy
Solar energy offers multiple advantages. Here are some highlights.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lower energy bills: Generating some or all of your own energy will cut power costs long-term. Plus, some states provide net metering programs that allow you to sell your extra energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Solar panel systems with energy storage systems work through power outages and emergencies, and you won't have to rely on the electrical grid for your safety and well-being.
What Solar Incentives Are Available to Waukesha Homeowners?
Governments and utilities often reward 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 Waukesha
The price and efficacy of solar panels often rely on the solar company that mounted them. Here are some crucial criteria to keep in mind while shopping for a solar provider.
Licensing and Training
For solar thermal installations, Wisconsin requires a licensed plumber or HVAC contractor 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 accreditations. Two of the most recognized are the Solar Heating Installer and PV Installation Professional 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 Waukesha
The type 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 the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can maximize your solar system's performance. Not all solar providers include these additional features, so look for a contractor that installs them if it's crucial for you.
Generally speaking, it will cost about $19,400 for a five-kilowatt solar array in Waukesha. This table displays more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,149 |
Solar Polycrystalline | $896 |
Thin-Film | $524 |
Solar Battery | $735 |
Solar Home EV Charger | $2,757 |
Financing Solar Energy in Waukesha
Solar providers use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar loans, cash payments and solar leases. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid 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. Like a home or car loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in particular circumstances. We recommend working with a provider that offers multiple financing options. Ask each representative about what's available, and obtain more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Waukesha.
You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and unique financing solutions 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 Waukesha
How much money could I save by going solar in Waukesha?
How widespread is solar energy in Waukesha?
Should I expect a property value increase after going solar?
What if I live in a dark or gloomy
Is installing solar panels a quick job?
What's the average solar system size in Waukesha?
What is "net metering," and how does it work?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Being evasive about warranties, credentials and training, cost and references
- Limited or no customization
- Rushing through the site assessment
- No references or testimonials
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