$500 dollar rebate from Focus on Energy for residential solar projects in qualifying utility territories.
The Federal Residential Renewable Energy Tax Credit allows taxpayers to claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the “placed in service” date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.
In Wisconsin, any value added by a synthetic gas energy system, solar-energy system, or a wind-energy system is exempt from general property taxes. The property tax exemption applies regardless of whether the equipment is deemed real property or personal property.
A solar-energy system is defined as “equipment which directly converts and then transfers or stores solar energy into usable forms of thermal or electrical energy, but does not include equipment or components that would be present as part of a conventional energy system or a system that operates without mechanical means.” Passive solar design elements do not qualify under these rules.
Businesses that install solar photovoltaic (PV) systems are eligible to receive an (ITC) investment tax credit, which can be used to directly offset federal tax liability on a dollar-for-dollar basis. If the tax credit exceeds your tax liability you can roll the credit into future tax periods for 20 years. Commercial projects that commence construction through the end of 2033 are eligible to receive a 30% tax credit of the total PV system cost.
Non-taxable entities now have an option for Direct Pay of their ITC. Visit our C&I homepage for more information as the rollout of this new option evolves.
Systems installed in 2023 will receive 80% bonus depreciation for property placed in service. The remaining 20% is taken under the standard MACRS (Modified Accelerated Cost Recovery System) over the following 5 years.
This will change by 20% each year following – 60% in 2024, 40% in 2025, 20% in 2026, and anything installed in 2027+ gets the original MACRS Tax Act recovery model. Even with the se percentage changes, you should receive a comparable incentive after 5 years of operating your system.
Focus On Energy Business Customer PV Incentive supports up to $50,000 for commercial properties and up to $60,000 for agricultural producers. It is available to commercial properties (e.g. any property outside of a 1-3 unit home), and also applies to municipalities, non-profits, and/or any entity on a commercial utility rate structure. This incentive is prescriptive based on size; more specific details can be found at the FOE Business Webpage.
388.9kw
$51,340
WE Energies
Net Metering
26,135 gallons of gasoline consumed. 22,815 gallons of diesel consumed. 256,973 pounds of coal burned. 3.1 tanker trucks' worth of gasoline.
133kw
$386,522
Alliant Energy
Parallel Generation
12,550 Gallons of Gas
26.6kw
$3,953
Alliant Energy
Parallel Generation
12,578 Pounds of Coal
128.7kw
$513,821
Manitowoc Public Utilites
Parallel Generation
13,964,512 Smartphones Charged
45.5kw
$275,531
WE Energies
Parallel Generation
4,679,952 Smartphones Charged
1.825 MW
$103,000 Annually
WE Energies
Direct Sell Rate Tariff
1,740,000 ton of CO2 emissions
388.8kw
$51,288
WE Energies
Net Metering
26,104 gallons of gasoline consumed. 22,789 gallons of diesel consumed. 256,673 pounds of coal burned. 3.1 tanker trucks' worth of gasoline.
64.845kw
$21,442
WPS
Parallel Generation
299.3kw
$42,934
WE Energies
Net Metering
20,076 gallons of gasoline consumed. 17,526 gallons of diesel consumed information. 197,404 pounds of coal burned.
50.7 kW - DC
$10,329
WE Energies
Line Side/Parallel Generation (CGS-NM)
361,853lbs of coal burned annually
31.87 kW
$4,998 Anually
WE Energies
Monthly Net Metering (CGS-NM)
CO2 Emissions: 22.6 Metric Tons 2,341 Gallons of Gasoline
370kw
$1,053,732
Alliant Energy
Parallel Generation
401,786 lbs. of Coal or 44,218,770 smartphones charged.
173.6kw
$28,483 Annually
WE Energies
Net Metered
184,864 Pounds of Coal
26kw
$4,238 Annually
Two Rivers Water & Light
Parallel Generation
2,411,958 Smartphones Charged
23.8kw
$3,716 Annually
Alliant Energy
Parallel Generation
1,948 Pounds of Coal
197.6kw
$22,293 Annually
WE Energies
Net Metered
20,695 Gallons of Gas
149.5kw
$23,913 Annually
WE Energies
Net Metered
1.8 Tanker Trucks of Gas
123kw
Madison Gas & Electric
Parallel Generation
13,709,514 Smartphones Charged
389kw
$56,681 Annually
WE Energies
Net Metered
44,398,424 Smartphones Charged
73.84kw
$329,713
Plymouth Utilities
Parallel Generation
133.2kw
$1,114,935
Madison Gas & Electric
Parallel Generation
14,727 Gallons of Gas
25.7kw
WE Energies
Parallel Generation
26,293 Pounds of Coal
26kw
Alliant Energy
Parallel Generation
28.86kw
WE Energies
Net Metered
43.6kw
$151,039
WE Energies
Net Metered
4,817,623 Smartphones Charged
389kw
$1,190,164
WE Energies
Net Metering
384,108 lbs. of Coal or 42,273,187 smartphones charged