Cost of solar in Madison, WI

Electricity Consumption in Madison

Electricity Consumption by Wisconsin residents averages 564 kWh per month. It ranks #35 in the nation for savings from installing solar panels on the home.

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Solar power in Madison, Wisconsin

Madison Electric and Gas offers its Madison customers a net metering program. Madison Gas and Electric will pay its solar customers for excess electricity their solar system generates at the full retail rate of electricity. The utility measures electricity usage every 15 minutes and if energy production exceeds energy consumption, the customer is credited on their bill. 

Madison residents can take advantage of the MadiSUN Focus on Energy rebate. This incentive provides a rebate equal to 12% of the installed cost of a solar system, up to $2,000. Combine this with the federal solar tax credit and almost half of the cost of your system is covered! And that doesn’t take into account how much you’ll save through net metering. 

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Madison to find out:

 

Estimate your solar savings

 

Solar power in Wisconsin

The average cost of installing residential solar panels in Madison, Wisconsin in 2019 is $3.58 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Madison, WI is $17,900. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 4.62kW solar system in Madison, WI

This system would offset 100% of your energy usage if your typical monthly bill is $91, however your situation may vary so try our Madison solar calculator to get a result tailored to you.

$10,695

Net cost of system
Cash - after 30% solar tax credit

8 Years 3 Months

Average payback time

5,687
kWh

Annual power production


/kWh

levilized cost of solar energy

34¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 4.62kW system

Life-time savings on this system over the next 25 years

$33,121

(Prices shown after repayments of capital)

 


 

Solar companies in Madison, WI that provide pricing through the Solar-Estimate marketplace

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Solar calculator and quote comparison tool

Average total cost of solar panel installation in Wisconsin

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,232 $8,891
4kw $10,668 $11,521
5kw $12,950 $13,986
6kw $15,036 $16,239
7kw $17,003 $18,363
8kw $18,816 $20,321
9kw $20,475 $22,113
10kw $21,980 $23,738

 

Design your own solar panel system for your home

Going solar in Wisconsin

Check out all of the ways energy providers of Wisconsin can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Wisconsin Focus on Energy Partnership State Rebate Program
Net Metering State Net Metering
Renewable Energy Systems Property Tax Exemption State Property Tax Incentive
Renewable Energy Sales Tax Exemption State Sales Tax Incentive
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.