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GreenSky Energetics, Inc.
Main Office:
1332 S. 26th Street
Manitowoc, WI 54220

Phone: (888) 684-5115
Fax: (920) 684-5880

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P.O. Box 364
Manitowoc, WI 54221-0364


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« Go Back  Home » Solar Education » Solar As An Investment
Solar Power As An Investment

Incentives, Rewards and Credits 


Attention WPS Electric Customers!
GreenSky Energetics Inc has been awarded a solar energy grant from Focus on Energy, in partnership with Wisconsin Public Service, as part of the Trade Ally WPS Bonus Bid Program. The grant is available to residential and commercial electric customers of WPS.  The grant amount for each project is based on system size and there is no maximum limit.  Qualifying projects include solar PV systems that generate electricity and solar domestic water heaters that offset electricity consumption (conventional electric water heater, heat pump water heater, or geothermal heating).  As a Focus on Energy Trade Ally, GreenSky Energetics passes on the grant directly to you as a discounted price!  Contact us today to find out how you can qualify.



Residential Incentive Programs
GreenSky is there for you 100 percent on finding ways to save you money. Right now there is available to eligible taxpayers a 30 percent Federal Tax Credit. 30 percent of the cost of a Solar Water Heater can be subtracted directly from Federal Taxes that are owed.

Focus on Energy announced the Cash-Back Reward program for residential solar energy systems.  The program provides an incentive of up to $1,200 for qualified solar domestic water heating systemsand up to $2,400 for solar PV systems.  As a Trade Ally, GreenSky Energetics works closely with Focus on Energy representatives to ensure you get the maximum incentive available.

Are you a resident of Milwaukee?  The Milwaukee Shines program offers low-interest loans to help Milwaukee homeowners add solar to your home. The incentive provides low-interest, fixed-rate loans for up to 15 years.  Contact us now to be one of the first 20 to sign up and receive a $1,000 grant.

Contact us now before these programs end. 

Commercial Incentive Programs
Businesses are eligible to receive a federal energy investment tax credit (ITC) equal to 30% of expenditures, with no maximum credit. 

In addition to the 30 percent Federal Tax Credit, commercial customers are eligible to place their equipment in a special 5 year Accelerated Depreciation schedule.

 *Consult your tax accountant for eligibility.

The USDA Farm Bill of 2008 is offering 25 percent of cost of all solar equipment in the form of a grant to farmers deriving 50 percent of their income from the farm and to small businesses in communities of 50,000 population or less in the Rural Energy for America Program (REAP).  Grant applications are reviewed once a year and the 2013 Request for Proposals is expected in March.  Don't miss out on this opportunity, contact us now to be prepared and submit your application on time. 

  Contact us now before these programs end.

Wisconsin Sales Tax
Wisconsin statute § 77.54(56) provides a sales tax exemption for products whose power source is solar. That saves you 5% or more on solar PV panels and solar collectors!

Wisconsin Property Tax
All solar thermal installations are exempt from being added to the assessed value of your home. This means your property will gain added value, but your property taxes will not increase. See Wisconsin State Statute 70.111(18).

Wisconsin State Statute 66.0401
This statute provides you with the right to access the sun and is designed to benefit and protect your ability to install a solar device. This includes trumping adverse local ordinances, and future shading conditions.


Cost and Return on Investment


 Please recognize that a solar energy system is a capital investment. A key benefit of your investment is the protection from continued escalation of energy prices in the future. By investing is a solar energy system now, you are locking in those energy costs for the next 25 to 30 years. Keep in mind that these example system prices are before the available incentives which could be 30% or more.

Solar Domestic Water heating:  Prices start at $10,000 for a smaller residential system. Prices increase for solar water heaters with additional collectors and capacity with the capability of home heating. While significantly larger, commercial systems benefit from economies of scale.

Solar Air Heating: Prices start at $5,000 for a single collector system.  The system cost is dependent upon how many air collectors are required and the complexity of the ducting run.

Solar PV (electricity):  Prices for a typical, residential grid-tied system start at $9,000. A smaller capacity system mounted to your roof may provide 10-15% of your electricity. System price rises with an increase system production and capabilities. System size can be easily expanded to meet even the demanding needs of a business. Key factors in the pricing include the number of PV panels and roof versus ground mount.

Solar Pool Heating (seasonal):  Prices start at $5,000 for a typical backyard pool. The system cost is dependent upon how many pool collectors are required and the complexity of the piping run.

Interested in getting a better number? Our site assessment process is the key to providing you with a quotation for a specific price.  We spend a lot of time in our site assessment process and the result is a firm, fixed price so you know exactly what your investment is. You will not get an estimate with a surprise at the completion. As soon as you make the investment, you will reap the reward of lower energy bills that will continue for the next 30 years. A solar energy system is the only appliance in your home that produces energy! No other investment will do that for you.

The most common question after the price is “What is the payback?”  Calculating a pay back is somewhat of a challenge because of the number of variables and assumptions involved. Type of energy used (for heating applications), energy cost trend for the next 30 years, general inflation, and of course the system price after incentives impact the payback.  A residential solar domestic water heater typically ranges in simple payback from 8-15 years.  And a solar PV system can have a payback period of 10-18 years. Commercial customers see an even better payback because of the benefit of accelerated depreciation.  With a payback of 10 years you are looking at an ROI of 8%-10%.  After that initial 10 years, you can look forward to another 20 years of free energy. A solar energy system is the only appliance in your home that produces energy! No other investment will do that for you.

 


Related GreenSky Energetics Projects...

Click For Full Project Details One System, Multiple Homes | Bonduel, Wisconsin
This specially designed pressurized closed-loop solar domestic water heating system services two houses. The solar collectors are mounted on the garage roof of the apartment, situated less than 25 feet from the main house. The solar loop travels down...    Cont'd here...

Click For Full Project Details Combination Domestic Water and Space Heating System | Wisconsin Rapids, Wisconsin
This 8 collector solar thermal heating system cranks out a full 384,000 BTU's per full sun day. The heat from this pressurized closed loop system is stored in a 400 gallon atmospheric solar storage tank. The hottest water - being located at the ...    Cont'd here...

Click For Full Project Details Red Eye Brewery and Pub | Wausau, Wisconsin
The solar water heating system on the Red Eye Brewery in Wausau is a terrific example of the positive impact from investing in renewable energy. The owners wanted to incorporate renewable energy into their facility as part of their mission statement:...    Cont'd here...

Click For Full Project Details No roof space? No problem! | Wausau, WI
The Red Eye Brewing Co reaped the benefits of their solar domestic water heater and wanted to do more by using solar PV for electricity. But there was no available roof space for the PV panels. GreenSky developed a proposal for a 10KW system using ...    Cont'd here...





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