Cost & Savings Breakdown
Based on $150/month electric bill in Madison
System Size
6.5 kW
Annual Production
8,156 kWh
Gross System Cost
$20,138
Federal Tax Credit (30%)
-$6,041
State Incentive
-$500
Net Cost
$13,596
Monthly Savings
$122
CO₂ Offset/yr
7,504 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityMadison Gas & Electric
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.179/kWh
Peak Sun Hours4.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Wisconsin State Incentive — Wisconsin offers a Focus on Energy rebate up to $500.
Common Questions
How much does solar cost in Madison?
Solar in Madison, Wisconsin costs approximately $20,138 for a 6.5 kW system. After the 30% federal tax credit, your net cost is about $13,596.
What is the solar payback period in Madison?
The estimated payback period for solar in Madison is 9.3 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Madison Gas & Electric offer net metering?
Madison Gas & Electric offers Full Retail net metering. Check with your utility for current compensation rates..