Incentives

We have the latest information on state incentives in Illinois – and offer to help you apply. We also give you new information on the Federal 30% tax credit** that is available in 2009! These two incentives help to make a solar PV electric system downright affordable and adds a sensible investment to your home.

Illinois State Incentives

Property Tax Exemption of Renewable Energy Systems - Document on tax exemption for RE systems.

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Solar Energy Rebate Program - (PDF file)

New Federal Incentives - Now, no maximum limit on 30% tax credits!

Residential Tax Credit

Business Tax Credit

If you are interested in information about another state, you may search the DSIRE site.

 

So how much can these incentives offset the initial installation cost? The examples below illustrate the savings with existing rebates and credits.

PV Roof System Examples*

  1,000 Watt Solar Array 4,000 Watt Solar Array
Initial Cost $8,000 $27,000
Illinois 30% Rebate - $2,400 - $8,100
Fed. Tax Credit** -$2,400 -$8,100
Final Cost $3,200 $10,800

*Both examples include costs for mounting racks, wiring, grid-tie inverter, warranty services, tax, and freight. Prices used are approximate.

** Because Illinois is able to tax its rebate, you may be able to claim 30% off of the full project amount.

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