15 Best Solar Companies in Chippewa Falls, WI (2023 Reviews)

The Cost and Benefits of Solar in Chippewa Falls

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. Some key factors that affect the cost of installing a solar panel system on your home and how much it could save you over time are:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $19,000 over the first 20 years with your system, too.
• How much electricity your household consumes: Households that consume plenty of energy each month may require more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much energy costs for you: The typical household in Chippewa Falls pays around $1,500 a year on power alone, so you could be looking at that much in savings.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Chippewa Falls

One of the great things about installing a solar panel system is earning incentives from the government. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Chippewa Falls, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Chippewa Falls

Many want to do what they can to help the environment, which often is the prime motivation to install a solar system. But you may be curious — how much exactly can you help the planet by going solar? Your energy usage is a key factor to keep in mind. The more energy you use, the larger your impact when you make the switch to solar power. In Chippewa Falls, the average resident can lower their carbon footprint by 90 pounds a year after going solar. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.