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Typical cost of home solar system before federal solar tax credit
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Typical cost of home solar system after federal solar tax credit
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Source: EnergySage, a solar and home energy product comparison marketplace founded in 2012. Data is from the second half of 2023.
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Anthony Star, Chief of the Planning and Procurement Bureau at the Illinois Power Agency, mentioned in an email that according to anecdotal evidence, Renewable Energy Credit (REC) incentives covered approximately 40% of installation costs.
Moving forward to 2024, Star stated that 3.9% of residential projects in Illinois included battery storage. However, programs like Illinois Shines and Illinois Solar for All do not offer incentives for batteries. There is a rebate available through utilities if a battery is included in an installation with a smart inverter, with the current rebate set at $300 per kilowatt-hour.
Additionally, it is important to note that net metering guidelines may vary for different electric providers in Illinois, with slight differences for Ameren, ComEd, or MidAmerican customers. For those interested in Illinois Solar for All but are not homeowners, there is an option to subscribe to a community solar farm and enjoy savings. Renters with suitable roofs can also explore options through Illinois Shines to benefit from solar energy. sentence, please:
The cat walked lazily across the yard.