State & Federal Solar Energy Incentives
Solar powered energy is a great way to take control of your energy rather than continuing to depend on massive and impersonal utility companies. It’s such a good idea that it’s supported by State of Illinois and Federal incentives.
Federal Renewable Energy Tax Credit: This is an incentive from the Federal Government for solar, geothermal, wind and other renewable energy installations. An owner of a newly purchased system can deduct a percentage of the cost of the system from their taxes. Percentage amounts and expiration dates vary between residential and commercial installations.
Renewable Energy Credit Program (REC): This incentive is available to commercial, industrial, local government, nonprofits, residential, state, federal and agricultural entities. Illinois Shines is the brand name of the Adjustable Block Program which provides incentive money based upon your system’s production of Renewable Energy Credits (RECs). Receive credits for every 1,000 watts your system produces, and receive money for these credits.
These programs are not all open ended; they have expiration dates. Please, check with us for more information and to ensure you meet all requirements of the renewable energy grants or tax credits and that your installation is done in time.