Solar Savings Calculator for Madison, WI
Homeowners in Madison pay an average of $130/month for electricity through Madison Gas and Electric (MG&E). With 3.9 peak sun hours per day, solar panels can significantly reduce your energy costs.
$130
Avg Monthly Bill
16.8¢/kWh
Electricity Rate
3.9h/day
Peak Sun Hours
$40,525
Est. 25-Year Savings
Calculate Your Savings in Madison
Adjust Your Details for Madison, WI
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,720
Federal Tax Credit (30%)
-$5,916
Net Cost
$13,804
Annual Savings
$1,560
Payback Period
8.8 years
25-Year Savings
$40,525
Return on Investment
294%
* Estimates based on 3.9 peak sun hours/day in Madison, WI, system cost of $2.9/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Madison
Utility & Permits
- Utility Company
- Madison Gas and Electric (MG&E)
- Permit Cost
- $375
- Permit Timeline
- 3-5 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.8 kW
- Panel Count
- 17 panels
- Gross Cost
- $19,720
- Net Cost (after credits)
- $13,804
Available Incentives for Madison, WI
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Other Cities in Wisconsin
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