The Problem: Rising Electricity Costs in Wisconsin
Electricity rates in Wisconsin are on the rise. Over the past decade, utilities across the state have consistently raised prices to cover infrastructure upgrades, fuel costs, and operational expenses. For the average Wisconsin household or business, this means:
- Higher monthly utility bills.
- Uncertainty about future energy expenses.
- Increased reliance on fossil fuel-generated electricity.
By switching to solar, you can break free from these escalating costs and gain control over your energy budget.
How Solar Shields You from Rising Electricity Rates
Installing a solar energy system essentially locks in your electricity costs at today’s rates. Here’s how:
Generate Your Own Electricity:
With a solar power system, your panels generate most (if not all) of the energy you need. This reduces your dependence on utility-provided electricity.
Fixed Costs vs. Variable Rates:
Once your system is installed, your solar electricity is free. You’re no longer subject to the variable rates and price hikes imposed by utilities.
Energy Savings Over Time:
A typical solar installation pays for itself in 4–10 years, after which you enjoy decades of free energy. This is particularly valuable as electricity rates continue to climb.
Net Metering Benefits:
Wisconsin utilities often provide net metering credits for excess energy your solar panels produce and send back to the grid. While credit rates vary (typically $0.03–$0.07 per kWh), these credits further offset your energy costs.
Wisconsin Solar Incentives Make It Even Better
Wisconsin offers a variety of programs that make going solar more affordable, ensuring you can start saving sooner:
- Federal Solar Tax Credit (ITC): Deduct 30% of your system costs on your federal taxes.
- Focus on Energy Rebates: Homeowners can receive up to $600, and businesses can qualify for $50 per kW installed, up to $25,000.
- REAP Grants for Rural Businesses: Reimbursable grants covering up to 50% of solar project costs for qualifying businesses.
These incentives lower the upfront cost of your solar installation, helping you hedge against rising electricity rates sooner.
The Long-Term Financial Benefits of Solar
Let’s look at a real-world example.
- System Size: 12 kW
- Annual Electricity Savings: ~$2,000
- Lifetime Savings (25 years): ~$50,000 (assuming a 3.5% annual increase in electricity rates).
By switching to solar, you’re effectively protecting yourself against decades of rate hikes while building significant long-term savings.
Why Choose Lydon Solar?
At Lydon Solar, we understand the challenges of rising electricity costs and are committed to providing solutions that work for Wisconsin homeowners and businesses.
- Local Expertise: As a Wisconsin-based company, we’re familiar with the state’s utility rates, solar policies, and incentives.
- Transparent Process: We educate you about the benefits of solar and guide you through the financial and technical details.
- Top-Quality Equipment: We partner with leading manufacturers like Enphase, Hoymiles, Solis, Tesla, and FranklinWH to ensure your system is reliable and efficient.
- Comprehensive Support: From design and installation to applying for incentives, we handle every step to make your solar journey seamless.