An overview for navigating state incentives: DSIRE Renewable Energy Incentives in Illinois
Illinois Shines: The state will provide a monetary incentive for renewable energy credits generated over a solar installation’s first 15 or 20 years of operation for accepted projects. Many different project types are eligible, however interested parties can only apply for funding through approved vendors. With questions, reach out to the program administrator at admin@illinoisshines.com or 877-783-1820. For more information, click here. This webpage also includes updates.
Illinois Solar for All: Income-qualified customers can get rooftop solar panels at no upfront cost and a guaranteed discount on the electricity generated from the system. For example, if an individual uses $100 worth of electricity from the system, the Vendor cannot charge them more than $50. For more information, click here.
On-bill Credits from your Electric Utility: In ComEd territory, excess electricity is sent back to the grid and you’ll receive bill credits for that electricity in a process called “net metering.” These credits help maximize your monthly bill savings and ensure you’re credited for every kWh your system sends to the grid. Net metering credits are automatically applied to your utility bill, so you will not receive direct payments from your utility company. ComEd is required by state law to offer net metering: unused net metering credits rollover each month, but they “expire” every year (either April 30th or October 30th). Review ComEd the Net Metering FAQs for more information.
Solar Financing: There are many financial resources available to help you pay for your solar investment. Two common types of loans: bridge loans (covers the period between installing a system and receiving your incentives) and solar loans (offered by banks, credit unions and solar panel manufacturers). For more information, click here.