Solar Energy Incentives Illinois

Private utility companies will give you back 25 of the project cost and then you will be able to apply the 30 federal tax credit on the solar pv system price after the.

Solar energy incentives illinois. The federal government and the state of illinois are offering outstanding rebates to help offset the costs associated with purchasing and installing solar energy products. This is an effort to boost the use of solar energy throughout the united states because it is a clean and renewable energy source that is 100 environmentally friendly. Another great illinois incentive. You compare the value of any applicable heating or cooling system already on your property to the value of your new solar energy system.

The illinois adjustable block program is an incentive program that supports the development of new solar systems in illinois through the purchase of renewable energy credits or recs. In addition to the policies mentioned above you can reduce the cost of your solar energy system by 26 percent with the federal investment tax credit itc. Illinois solar power incentives tax breaks and rebates. There are plenty of incentives for solar power in illinois making a residential pv system an attractive investment.

When installing solar in illinois any reputable installer will alert you to alternative valuation of energy systems on your property. Illinois is one of the few states that offers a comprehensive program allowing solar system owners to earn cash for the solar power they produce through the adjustable block or ab program. Whatever one is the lesser of the two 99 8 of the time this will be your. The investment tax credit.

Illinois solar incentives illinois has a law requiring its utilities to source 25 of their energy from renewable sources by 2025. The law requires a significant portion of that energy come from residential solar to achieve this goal illinois s largest utilities must make incentive payments to homeowners who invest in solar.