Illinois State Solar Incentives
As a state, Illinois is committed to transitioning to renewable energy sources, and they've created several programs and incentives to support the growth of solar energy. Below, you'll find an overview of the different incentives available to Illinois residents who are interested in investing in solar power.
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Illinois Renewable Portfolio Standards (RPS)
Illinois utilities are required to source a certain percentage of their energy from renewable sources, including solar. As your system generates energy, you earn Solar Renewable Energy Credits (SRECs) which can be sold on the market for extra income. This means that not only can you reduce or eliminate your electric bill with solar, but you can also make money by contributing to a cleaner, more sustainable future.
Illinois Net Metering
Illinois has high electric rates, and net metering allows you to receive credit on your electric bills for excess energy produced and fed back into the grid. This means that you can offset the cost of your electricity bill by selling excess energy back to the utility company.
Illinois Shines Program
The Illinois Shines program is a state-level incentive that offers rebates for solar installations. This program is designed to reduce the upfront costs of installing solar energy systems and make renewable energy more accessible to Illinois residents.
Illinois Solar Power Performance-Based Incentives (PBI)
With this incentive, you can earn direct payments from the utility company for each kilowatt-hour (kWh) of electricity your system generates.
Illinois Property Tax Assessment Incentive for Solar
Keep more money in your pocket with a property tax assessment exemption for your solar system.
Federal Investment Tax Credit
In addition to these state-level incentives, you can also benefit from the Federal Investment Tax Credit (ITC). This credit allows you to claim up to 30% of your solar system costs as a tax credit, making it even more affordable for you to make the switch to solar energy.
READY TO GET STARTED?
At Revolution Solar, we are committed to providing you with the best solar energy solutions, while also helping you take advantage of the many incentives available to you. Contact us today to learn more about how we can help you save money and contribute to a more sustainable future.
HOW IT WORKS
With long hours of sunshine and a range of state and federal incentives it's more affordable than ever to get solar. Revolution Solar is here to help you make the switch and start saving on your monthly energy bills. We'll make it as easy as 1 - 2 - 3!
LET'S TALK
During your free consultation, we'll help you find all the incentives available to you.
DESIGN YOUR SYSTEM
We'll design your system virtually - so you don't even have to leave your home.
GET INSTALLED
Easy, stress-free installation with no up-front costs, and a best-in-industry warranty.
