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Home Energy Tax Credit in Wisconsin 2026

Calculate your home energy tax credit tax savings in Wisconsin. With Wisconsin's 7.65% top state tax rate, your combined savings are higher.

Wisconsin Tax Overview

State Income Tax
7.65%
progressive
Sales Tax
5%
avg combined: 5.43%
Property Tax Rate
1.61%
Median Income
$67,125

Four brackets 3.5%-7.65%. High property taxes (1.61%). Standard deduction phases out. Farm capital gains exclusion. Social Security exempt.

Wisconsin Income Tax Brackets (Single)

3.5%
$0 - $14,320
4.4%
$14,320 - $28,640
5.3%
$28,640 - $315,310
Your bracket
7.65%
$315,310 +
$3,200
Est. Total Savings
$3,200
Max Deduction
Tax Credit
Deduction Type
27.3%
Combined Tax Rate

Home Energy Tax Credit Savings Calculator for Wisconsin

$
$

Federal Savings

$3,200

22% bracket

Wisconsin State

$0

5.3% rate

Total Savings

$3,200

27.3% combined

Tax credits reduce your tax bill dollar-for-dollar, regardless of your tax bracket.

Savings by Tax Bracket in Wisconsin

10%
$5,000
12%
$5,000
22%
$5,000
24%
$5,000
32%
$5,000
35%
$5,000
37%
$5,000

Includes 5.3% Wisconsin state tax on top of federal savings.

Eligibility Requirements

Homeowners who install energy-efficient improvements

  • 1Must be primary residence
  • 2Qualifying improvements only
  • 3Keep receipts

Wisconsin residents should verify that this deduction is also recognized on their state tax return for additional savings of up to 7.65%.

Common Mistakes to Avoid

  • !Claiming for rental properties
  • !Missing manufacturer certifications
  • !Forgetting to claim the deduction on your Wisconsin state return (missing up to 7.65% additional savings)

Wisconsin Filing Tips

Standard deduction phases out at higher incomes. Use capital gains exclusions on WI farm and business assets. Social Security exempt. Homestead credit helps offset property taxes.

Required Tax Forms

Form 5695

File these forms with your federal tax return to claim the home energy tax credit. Wisconsin may require additional state-specific forms.

Other Tax Deductions in Wisconsin

Mortgage Interest Deduction

Housing

~$4,343
est. savings

Property Tax Deduction

Housing

~$2,730
est. savings

Home Office Deduction

Housing

~$1,489
est. savings

Residential Solar Tax Credit

Housing

~$7,500
est. savings

Military Moving Expenses

Housing

~$4,964
est. savings

PMI Premium Deduction

Housing

~$1,365
est. savings

Mortgage Points Deduction

Housing

~$2,482
est. savings

Casualty & Theft Loss Deduction

Housing

~$6,205
est. savings

Home Energy Tax Credit in Neighboring States

Michigan

4.25% top rate (flat)

~$1,800
-1,400 vs Wisconsin

Minnesota

9.85% top rate (progressive)

~$1,800
-1,400 vs Wisconsin

Iowa

3.8% top rate (flat)

~$1,800
-1,400 vs Wisconsin

Illinois

4.95% top rate (flat)

~$1,800
-1,400 vs Wisconsin

Tax Calculators for Wisconsin Cities

MilwaukeeMadisonGreen BayKenoshaRacineAppletonWaukeshaEau ClaireOshkoshJanesville

Calculate Your Full Tax Savings in Wisconsin

Use our free tax calculators to optimize your entire tax return for Wisconsin.

Income Tax CalculatorWisconsin Income TaxFull Home Energy Tax Credit Guide

Frequently Asked Questions

How much can I save with the Home Energy Tax Credit in Wisconsin?

In Wisconsin, the home energy tax credit can save you an estimated $3,200 per year on a $5,000 deduction. This includes $3,200 in federal tax savings and $0 in Wisconsin state tax savings at the 5.3% marginal rate. The national average savings is $1,800/year.

What is the Wisconsin state income tax rate?

Wisconsin has a progressive income tax system with a top rate of 7.65%. Four brackets 3.5%-7.65%. High property taxes (1.61%). Standard deduction phases out. Farm capital gains exclusion. Social Security exempt.

Who qualifies for the Home Energy Tax Credit in Wisconsin?

Homeowners who install energy-efficient improvements. The eligibility requirements are the same whether you live in Wisconsin or another state, as this is a federal tax credit. However, your total savings will vary based on Wisconsin's 7.65% top state tax rate.

What tax forms do I need to claim the Home Energy Tax Credit in Wisconsin?

To claim the home energy tax credit, you need to file Form 5695 with your federal return. Wisconsin residents should also check if the state allows this deduction on their state return for additional savings of up to 7.65%. Filing status affects your deduction limits and tax bracket.

Is the Home Energy Tax Credit better in Wisconsin than in states without income tax?

Yes, Wisconsin residents benefit more because the state's 7.65% top income tax rate means the deduction reduces both your federal AND state tax liability. In states with no income tax (like Texas, Florida, or Nevada), this deduction only reduces federal taxes. Your combined rate of 27.3% means more savings per dollar deducted.

What is the standard deduction in Wisconsin for 2026?

Wisconsin's standard deduction is $12,760 for single filers and $23,620 for married filing jointly. Standard deduction phases out at higher incomes. Use capital gains exclusions on WI farm and business assets. Social Security exempt. Homestead credit helps offset property taxes.

Related Calculators

Mortgage Interest Deduction in Wisconsin

Avg savings: $3,500/year

Property Tax Deduction in Wisconsin

Avg savings: $2,200/year

Home Office Deduction in Wisconsin

Avg savings: $1,200/year

Residential Solar Tax Credit in Wisconsin

Avg savings: $7,500/year

Military Moving Expenses in Wisconsin

Avg savings: $4,000/year

PMI Premium Deduction in Wisconsin

Avg savings: $1,100/year