The state of Illinois offers a number of great incentives to residents who install solar panel systems for their home, farm, or business. These incentives are a major reason why there has already been over 275 megawatts (MW) of solar energy installed in Illinois.
Perhaps the most enticing solar incentive is the Illinois Solar Renewable Energy Credit (SREC) Program.
Below, you’ll find all the top incentives for going solar in the Illini state, including net metering, solar rebates, and property tax breaks.
Illinois is committed to the switch to renewable energy production. In fact, the Illinois renewable portfolio standard (RPS) outlines the plan for reaching 25% renewable energy production by 2025. To help the people of Illinois make this important transition, the state offers some aggressive incentives that all make the cost of solar in Illinois more affordable.
Illinois’ SREC Program is one of the most appealing reasons to install solar in Illinois. It provides system owners with the ability to earn money for the extra energy their panels produce. Every megawatt hour (MWh) of renewable electricity your system sends to the main utility grid is converted into a credit that you can sell for monetary gain.
Under the Illinois net metering policy, utility companies in Illinois will credit you with any excess energy your system produces. This policy can help you “zero-out” your average annual energy costs. Net metering allows you to earn credits on your electric bill on days when your system produces more energy than you use. Use those credits on days when your system produces less than what you need (can happen in wintertime some).
If you’re a commercial customer of ComEd Utility, you could be eligible for commercial and industrial rebates that will make the cost of installing solar much cheaper right off the bat. Commercial solar panel systems up to 2,000 kilowatt (kW) total capacity are eligible for a $250 rebate per each kW.
That’s a whopping $25,000 rebate for a 100 kW system!
MOXIE is one of the largest solar installation companies in the country. We’ll work with you to create a complete solar system that is affordable, sustainable and dependable.
Let us take care of the bills. When you sign with MOXIE during the ‘2021 IS ON US’ promotion, we’ll pay your 2021 electric bills. We’ll even throw in a sweet custom T-shirt!