Unlocking the Power of Solar: How Rebates and Incentives Make Solar Energy Affordable and Accessible
- Posted: September 6, 2023
- fact sheet, Illinois Clean Energy Community Foundation (ICCF), Illinois Solar for All Program, Inflation Reduction Act, net zero, Solar, Solar Energy, solar fact sheet, solar incentives, Solar installation, solar rebates, solar renewable energy credit (SREC), The Climate and Equitable Jobs Act (CEJA)
While the benefits of solar energy are well-known, the initial costs of installing solar systems can be a barrier for some. However, several programs and incentives are now available in the state of Illinois to make solar power more accessible and affordable. These initiatives include The Climate and Equitable Jobs Act (CEJA), which offers reimbursement for clean energy modifications such as solar panels and has the strongest equity and labor protections of any statewide energy bill.
The Illinois Clean Energy Community Foundation (ICCF) provides grants to municipalities, government agencies, non-profit organizations, and educational institutions that support the goal of net zero. The Adjustable Block Program offers Solar Renewable Energy Credit (SREC) vouchers that can be sold to utility companies for fulfilling the state’s Renewable Portfolio standard.
The Illinois Solar for All program, also made available through CEJA, provides incentives to income-eligible communities to make solar installations more affordable. Illinois is also a net metering state, allowing solar system owners to send surplus energy to the grid and receive credits on their bills. The Inflation Reduction Act increases the solar investment tax credit (ITC) to 30% for projects that begin before January 1, 2025, and meet apprenticeship and wage requirements. These programs work together to break down barriers and help communities transition to renewable energy, creating a more sustainable future for all.
Interested in learning more about Solar Infrastructure Rebates & Incentives? Download our How Rebates and Incentives Make Solar Infrastructure Affordable and Accessible fact sheet.