Illinois Incentives

123SolarPower is the most all-encompassing network of experienced solar power installation experts in North America. With convenient locations across the continent, we are able to provide local, trusted solar power solutions for your home or business. Devoted to providing excellent service, sales, installation, and consultations on solar energy systems, 123SolarPower is your go-to provider for solar panels for sale Illinois. We save you money, and together we save the environment. Try our free solar savings calculator and see how much solar panels could save you!

Illinois Solar Power Trends

While Illinois is ranked 20th in terms of new solar power per capita, the state is ranked 10th in the nation in regards to solar policy. As a leader in solar policy, Illinois has created a fertile market for solar panel installation Illinois on a residential level as well as for larger developments. The price of solar panels Illinois, both residential and commercial, has continued to fall, making the state an excellent location for solar investment.

Illinois schools already buy solar panels Illinois at a rate so high, the state now ranks third in the country with 268 K-12 schools powered by solar energy. Use of solar power in Illinois classrooms helps schools save money, reduce their carbon footprint, and teach children about the environmentally friendly technology.

Illinois is also home to notable solar installations such as the West Pullman Solar Park in Chicago and the Grand Ridge Solar Plant in LaSalle County. The West Pullman Solar Park was built in 2010 by developer SunPower, and it has the capacity to generate enough electricity to power over 1,000 homes. The Grand Ridge Solar Plant, completed in 2012 by developer Invenergy, has enough capacity to power upwards of 3,000 homes. Chicago is fast becoming the solar capital of Illinois, with solar panels Chicago fast becoming one of the largest solar markets in the state. o learn more about the impact of state level legislation on home solar check out our article on 10 things you need to know about home solar .

State Tax Incentives

The state of Illinois, nationally, has taken a leading role in backing the deployment of residential solar panels Illinois. What’s more, Illinois has put its money where its mouth is with several state tax incentives to encourage residential and commercial installation of solar power systems.

The City of Chicago’s Green Permit and Green Homes Programs offers fast-tracked permitting and partial waivers of consultant code review fees maxing out at $25,000 for a variety of solar technology projects. The city-based savings make solar panel installation Chicago more and more appealing.

The Solar Energy Association’s Renewable Energy Credit Aggregation Program provides energy credit for photovoltaic systems amounting to $105/mWh. Illinois’ Solar Renewable Energy Credits also provides a negotiated tax credit for photovoltaic systems in place in residential, commercial, nonprofit, and other sectors. You can visit DsireUSA to learn about all the available savings opportunities in Illinois

In addition to many Utility Rebate Programs available, such as the Wabash Valley Power Association, Ameren Illinois, and City Water Light and Power to name a few, Illinois has state grant, loan, and rebate programs which can amount to between $2,000 and $10,000 dollars’ worth of savings.

Federal Tax Incentives

In addition to state tax incentives, federal tax incentives are also available to residents keen to invest in solar power systems. An investment tax credit (ITC) referred to as the Residential Renewable Energy Tax Credit, put in place by the Energy Policy Act of 2005, grants 30% of the cost of installation and use of solar power and other renewable energy systems to users within the United States. The 30% ITC is in place through 2016 as part of the Energy Improvement and Extension Act of 2008. Filing for this tax credit is simple and straightforward. Simply fill out IRS form 5695 and include it as part of your yearly tax return.

Help For All Illinois Residents

When it comes to the purchasing and installation of a residential or commercial solar power system in Illinois, turn to 123SolarPower for dependable, experienced service. With access to the most advanced equipment in the industry, our industry-leading experts are ready to provide your home or business with the appropriate solar power solutions. To receive a free estimate of installation costs or to learn more about the savings available for your project, please fill out the above form to reach out to our team. If you prefer to speak with one of our solar power experts in person, please call us at: 800-294-2397.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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