- Yes, right now the Federal Income Tax Credit for renewable investment is 26%. That amount will remain in effect until December 31, 2022 the credit will reduce to 22%.
- Most (not all) utility companies in Wisconsin are members of “Focus on Energy”, that provides a cash rebate of up to $1000 for a residential install and up to $60,000 for a commercial project. (this rebate amount changes annually).
- Iowa residents can qualify for a state tax credit that is equal to half of the federal tax credit amount, up to $5,000.
- Minnesota Xcel customers can participate in “Solar*Rewards” which is an incentive that currently pays a qualified customer a rebate of up to $.07 per watt produced each year for 10 years.
Information about available incentives in your area will always be included in your no cost estimate from Olson Solar Energy.