Milwaukee, WI
Electrification ROI based on We Energies rates and local rebates
Population: 577,000•Climate: cold•Electric: $0.148/kWh•Gas: $1.15/therm
Best Upgrade
Solar Panels
11.2 years • 69% ROI
Annual Savings
$2,386/year
Full electrification
Total Incentives
$13,500
Federal + utility rebates
Visual ROI Analysis
Payback Period Comparison
Lower is better • Shortest payback = fastest return on investment
Annual Savings Comparison
Higher is better • More annual savings = greater long-term benefit
Cumulative Net Savings Over Time
Point where line crosses $0 = payback achieved • Steeper line = faster savings growth
Detailed ROI by Upgrade
Heat Pump HVAC System
Replace gas furnace + AC with an all-electric heat pump
🌡️
Costs
Upfront cost:$12,000 - $18,000
Federal tax credit:-$2,000
We Energies rebate:-$1,500
City/state incentives:-$800
Net cost:$7,700 - $13,700
Savings & ROI
Annual savings:$21/year
Simple payback:Not Recommended
15-year ROI:-98%
CO₂ reduction:0.8 tons/year
15-year net savings:$-14,683
Solar Panels (6kW System)
Generate your own electricity from the sun
☀️
Costs
Upfront cost:$15,000 - $21,000
Federal tax credit (30%):-$5,400
Net cost:$9,600 - $15,600
Savings & ROI
Annual savings:$1,167/year
Simple payback:11.2 years
25-year ROI:69%
CO₂ reduction:3.6 tons/year
Full Electrification Package
Heat pump + Solar + Heat pump water heater + EV charger
⚡
Costs
Total upfront cost:$30,300 - $45,000
Total federal credits:-$10,400
Total utility rebates:-$2,300
City/state incentives:-$800
Net cost:$16,800 - $31,500
Savings & ROI
Annual savings:$2,386/year
Simple payback:10.5 years
15-year ROI:1%
Total CO₂ reduction:10.6 tons/year
15-year net savings:$-1,862
Milwaukee Energy Context
Climate & Usage
Climate zone:cold
Heating degree days:7,350
Cooling degree days:650
Avg home size:1,900 sq ft
Energy Costs
Utility provider:We Energies
Electricity rate:$0.148/kWh
Natural gas rate:$1.15/therm
Avg monthly bills:$142 elec + $95 gas
Ready to Get Started?
These are estimates based on average homes in Milwaukee. Get personalized quotes from vetted local contractors to see exact costs for your home.
Get Free Quotes