Illinois Solar Panel Rebate

Payments vary depending on the size of the system and where it is located.

Illinois solar panel rebate.

Solar incentives rebates and tax credits available in illinois in 2020 the most significant incentive to install solar panels for homes and businesses is the federal solar tax credit. 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. 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. It enables the sale of recs produced by solarsystems to illinois utilities.

If you re a comed customer and install solar on your business you re eligible for 250 per kilowatt kw of installed solar power. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Illinois solar tax breaks these two tax incentives offered in illinois can make going solar even more affordable. To receive the rebate your solar panel system cannot be larger than 2 000 kw in capacity.

There may still be other local rebates from your city county or utility. 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 june 2014 illinois enacted h b.