Wisconsin Solar Panel Tax Credit

The almost 1 2mw solar photovoltaic system covers a large rooftop on the corporate campus with 4 488 solar panels.

Wisconsin solar panel tax credit.

Without question the federal solar tax credit also referred to as the investment tax credit itc is one of the best incentives available for property owners in wisconsin. That s a 5 5 6 saving on the whole installed cost of your system. Federal solar tax credit itc in addition to wisconsin s state solar incentives solar system owners are also eligible for the federal solar tax credit 8 if you buy your own solar system outright the federal solar tax credit gives you a dollar for dollar reduction against your federal income tax. With the itc you can deduct 26 percent off the cost of your solar equipment on your taxes that means big savings on your solar panel installation.

All of wisconsin can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. There may still be other local rebates from your city county or utility. This rebate is worth 200 kw ac of installed capacity up to 1000 per system. The one great thing going in wisconsin solar is a rebate of up to 2 000 on a solar panel purchase.

After that the percentage steps down each year and then stops at the end of 2021. That amount goes up to 4 000 if you live in a rural county. Wisconsin offers sales tax exemptions. Most of our customers would get the full 1 000 rebate.

A sales tax exemption means that homeowners and businesses would not have to pay any state sales tax on their solar panel system. Wisconsin solar installation costs do not include the 26 federal investment tax credit or local incentives. American family insurance a multi line insurer headquartered in madison wisconsin and a fortune 500 company partnered with sunpeak to build the largest rooftop solar system in the state of wisconsin at its national headquarters. Read on to learn all you need to know about investing in solar for your home in wisconsin.

The credit is available through the end of 2019. Save money by installing solar panels in wi.