Olson Solar Energy
Creating a Renewable Energy Option for Western Wisconsin

About Solar Panels » Financial Benefits

REDUCE ENERGY COSTS

  • Potentially eliminate your energy costs.
  • Sell extra energy you produce back to the energy companies and have the energy companies paying you.


TAX INCENTIVES

  • Federal tax incentives include a 30% tax credit for your system (whatever your system costs take 30% off! 
This tax credit will decrease to 26% in 2020, so you save the most if system is purchased no later than December 31st, 2019

  • State tax incentives vary from state to state but you could see a $2500 tax credit for Wisconsin and possibly more in Minnesota.
  • Certain energy companies and local governments can give other tax incentives for installing solar panels.


INCREASE YOUR PROPERTY'S VALUE

  • Areas in the United States have seen an average of a 3% increase on property values with solar panels.
  • This does not raise your property taxes for the increased property value.