Illinois incentives, explained.

There’s great news for Illinois residents who are considering investing in a residential solar system! Illinois has a couple of programs that will make a significant financial impact on your investment. Let’s break them down here!

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Adjustable Block Program

Under the Adjustable Block Program (aka Illinois Shines), you can earn one SREC - solar renewable energy certificate- for each megawatt hour (MWh) of electricity your system produces over 15 years. This can be more than $10,000 of additional savings for an average residential system.

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Net Metering

Net metering ensures that you receive the most from your system and is a great way to balance out your production and consumption. Lucky for Commonwealth Edison homes, ComEd offers the top utility net metering program in Illinois! What is the Illinois’ net metering policy? It allows your utility to purchase any excess electricity your solar system produces in credit for electricity used later.

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Illinois also offers two kinds of solar tax breaks which can make the switch even more affordable!

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Property Tax

Adding a solar system to your home will increase the value of your home. However, you don’t have to worry about the property tax going up as well! The Special Assessment for Solar Energy Systems means that your property tax won't include the value of your panels!

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Federal Tax Credit

Don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26%. Keep in mind that the ITC applies only to those who buy their PV system outright (either cash or loan).

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