Illinois Solar Panel Rebate

It enables the sale of recs produced by solarsystems to illinois utilities.

Illinois solar panel rebate.

Payments vary depending on the size of the system and where it is located. Of the released funds half are set aside for pv systems less than 25 kilowatts in nameplate capacity such as residential rooftop systems. Illinois solar tax breaks these two tax incentives offered in illinois can make going solar even more affordable. Now let s discuss that chart above.

If you re a comed customer and install solar on your business you re eligible for 250 per kilowatt kw of installed solar power. There may still be other local rebates from your city county or utility. All of illinois can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. And solar is cheaper than ever before which combined with the the feds 30 solar tax credit and illinois s new direct srec payments means a solar panel system pays itself back quickly and makes you lots of money over its 25 year warrantied life.

In june 2014 illinois enacted h b. 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. 2427 which released 30 million in the renewable energy resources fund to the illinois power agency for the purchase of photovoltaic pv power through a supplemental procurement process.