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Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from Wisconsin Power & Light Co with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives Wisconsin Power & Light Co does offer?
Category : Financial Incentive
Website : https://focusonenergy.com/business/new-construction
Applicable Sectors : Commercial
Incentive Amount : Energy Efficiency (1-10 year payback): $100 per peak kW $0.05 per kWh saved $0.95 per Therm saved Low Payback (less than 1 year payback): $0.02 per kWh saved $0.20 per Therm saved Renewable Energy (1-20 year payback): $125 per peak kW $0.10 per kWh saved $1.25 per Therm saved Solar-Ready: $2500
Implementing Sector : State
Category : Financial Incentive
Website : https://focusonenergy.com/residential/solar-for-homes
Applicable Sectors : Commercial, Residential
Incentive Amount : Residential PV: $300 per system; $300 bonus incentive for rural customers in qualifying zip codes Business: $50 per kW
Implementing Sector : State
Category : Financial Incentive
Website : http://www.focusonenergy.com/business
Applicable Sectors : Commercial, Construction, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Installers/Contractors, Tribal Government, Agricultural, Multifamily Residential, Institutional
Incentive Amount : Prescriptive: Varies by equipment type Custom: Varies by program
Implementing Sector : State
Category : Regulatory Policy
Website : https://psc.wi.gov/Pages/ForUtilities/Energy/NetMeteringandBuyBackTariffs.aspx
Applicable Sectors : Commercial, Industrial, Residential
Incentive Amount :
Implementing Sector : State
Category : Financial Incentive
Website : https://www.alliantenergy.com/waystosave/rebatesandmarketplace/rebatelocatortool/farmwiringprogram?utm_source=WS&utm_campaign=Legacy&utm_medium=WaysToSave/Rebates/RebateLocatorTool/FarmWiringProgram
Applicable Sectors : Agricultural
Incentive Amount : $1,000 + 50% of remaining costs
Implementing Sector : Utility
Category : Financial Incentive
Website : https://focusonenergy.com/residential
Applicable Sectors : Residential, Multifamily Residential, Low Income Residential
Incentive Amount : Natural Gas Furnaces: $50 - $150, depending on efficiency Natural Gas Furnaces (Income-Qualifying Customers): $350 - $550, depending on efficiency Natural Gas Boilers: $300 - $590, depending on efficiency Natural Gas Boilers (Income-Qualifying Customers): $450 - $700, depending on efficiency Air Source Heat Pumps: $400 - $1,300 depending on type and efficiency Geothermal Heat Pumps: $750 - $1,000 Smart Thermostat: $50 Insulation: $150 - $675, depending on location within home Insulation (Income-Qualifying Customers): $200 - $1,125, depending on location within home Water Heaters: Instant rebates are available through trade allies.
Implementing Sector : State
Category : Financial Incentive
Website : https://focusonenergy.com/business/renewable-energy
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Agricultural, Institutional
Incentive Amount : Up to $0.50/kWh and $1.00/Therm
Implementing Sector : State
Net metering with Wisconsin Power & Light Co
Category : Regulatory Policy
Website : https://psc.wi.gov/Pages/ForUtilities/Energy/NetMeteringandBuyBackTariffs.aspx
Applicable Sectors : Commercial, Industrial, Residential
Incentive Amount :
Implementing Sector : State
Installing and connecting your solar system
When you install a solar system in Wisconsin Power & Light Co territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with Wisconsin Power & Light Co to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for Wisconsin Power & Light Co customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for Wisconsin Power & Light Co customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with Wisconsin Power & Light Co? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
