How Businesses in Wisconsin Benefit from Solar Energy
By Zachary Lydon, MBA, PVA
Solar energy isn’t just for homeowners—businesses in Wisconsin are also seeing the benefits of going solar. If you’re a business owner looking to lower operating costs, improve sustainability, and take advantage of local incentives, solar power could be the solution you need. In this post, I’ll show you how businesses in Wisconsin benefit from solar energy, and why now is the right time to make the switch. As the top Wisconsin solar energy company, Lydon Solar will help you make that switch.
The Financial Benefits of Solar Energy for Wisconsin Businesses
1. Lower Energy Costs with Solar Systems in Wisconsin
One of the biggest advantages of solar energy is the opportunity to lower your energy costs. By installing a solar system, you can benefit from solar energy in Wisconsin and generate your own electricity. This leads to significant savings on monthly utility bills. When you control your energy production, you have more stability in your costs, making it easier to plan your budget. These savings contribute to the overall financial benefits of solar energy in Wisconsin that help businesses thrive.
2. Depreciation and Bonus Depreciation: Save Big on Taxes
The federal government offers businesses the chance to depreciate the value of their solar systems, resulting in major tax savings. Businesses can depreciate 85% of the project cost over 5 years. Plus, 50% bonus depreciation allows businesses to deduct half of the cost of the solar system right away. This helps offset the upfront costs and provides instant savings. These tax benefits are a key component of the financial benefits of solar energy in Wisconsin for businesses.
3. 50% Grants Through USDA REAP Grants
The USDA offers REAP Grants for businesses in rural areas. These grants cover up to 50% of the cost of installing renewable energy systems, including solar. If your business qualifies, this grant can help reduce the upfront cost, allowing you to invest in solar energy and start saving faster. These grants are another example of the financial benefits of solar energy in Wisconsin that businesses can take advantage of.
4. 30% IRA Tax Credit (ITC)
The 30% IRA Tax Credit (also called the Investment Tax Credit, or ITC) allows businesses to deduct 30% of the cost of the solar system from their federal taxes. Whether you’re installing solar panels on your roof or a larger ground-mounted system, the ITC can significantly reduce your investment and improve your return. This tax credit is one of the many financial benefits of solar energy in Wisconsin that makes solar power a smart choice for business owners.
Sustainability and Green Business Image
5. Boost Your Green Credentials
More customers and businesses are becoming environmentally conscious. By adopting solar energy, your business shows a commitment to sustainability. With solar energy in Wisconsin, your company can reduce its carbon footprint. This helps enhance your reputation as an eco-friendly business and attract customers who prioritize sustainability.
6. Sustainable Growth with Solar Power
As your business grows, so will your energy needs. Solar energy systems are scalable, meaning you can easily expand your system as your business expands. A custom solar system design in Wisconsin will ensure your system meets both your current and future energy needs without needing costly upgrades.
Increased Energy Independence for Wisconsin Businesses
7. Less Reliance on the Grid
Relying on traditional power sources means your business is vulnerable to rising energy prices and power outages. By installing solar, you reduce your dependency on the grid. You gain more control over your energy use, which can help protect your business from unexpected price hikes or power disruptions. With Wisconsin net metering policies, you can send excess energy back to the grid and earn credits, further reducing your energy costs.
Getting Started with Solar Energy for Your Business
8. Partnering with a Trusted Solar Provider
Choosing the right solar provider is crucial for the success of your solar installation. At Lydon Solar, we specialize in providing custom solar system design in Wisconsin. Our team will guide you through the process from start to finish, ensuring your system is tailored to meet your specific needs. We also help you navigate Wisconsin solar energy solutions and take full advantage of local incentives. If you’re ready to take the next step, contact us today to discuss how commercial solar panel installation in Wisconsin can benefit your business.
FAQs About Commercial Solar
How much does it cost to install solar panels for my business?
The cost of commercial solar panel installation in Wisconsin depends on the size of your system and your business’s energy needs. Many businesses find that their solar systems pay for themselves in just a few years thanks to energy savings and tax incentives. Our team can provide a custom quote for your business.
Will my business save money with solar energy?
Yes! Benefiting from solar energy in Wisconsin can reduce your energy bills by as much as 80%, depending on the size of your system. Additionally, Wisconsin net metering policies allow you to send extra energy back to the grid and earn credits, which can further lower your costs.
Can solar energy power my entire business?
Absolutely! A custom solar system design in Wisconsin can be sized based on your business’s specific energy consumption. Whether you want to offset a portion of your electricity use or power your entire business, commercial solar panel installation in Wisconsin can meet your needs.
How long does it take to install solar panels for a business?
Solar panel installations usually take 3-6 weeks, depending on the project’s size and complexity. Our team at Lydon Solar works efficiently to minimize disruption to your business operations during the installation process.
Ready to Make the Switch to Solar?
Don’t let rising energy costs and unreliable grid power affect your business. By switching to solar, you can cut costs, boost sustainability, and take advantage of local incentives. Contact Lydon Solar today to learn more about commercial solar panel installation in Wisconsin. We’ll guide you every step of the way!