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Grants and Rebates

  Now is the time to Go Solar!   »

There has never been a better time to buy a EW&SE Solar Energy System
Take advantage of various state rebates and local incentives and Federal tax credits to help pay for your system – making a solar system truly affordable.


Residential Solar:
 
State Rebate: The State of Illinois offers a 30% rebate (capped at $10,000) to help Illinois Residents pay the costs of solar.  The funds are typically allocated on a first come first serve basis until the budget has been spent.  Historically a waiting list has then been generated for the next fiscal year. Home owners are eligible for a rebate for both a solar thermal and solar electric system. This program is legislated into law until 2016.
Federal Tax Credit: Effective January 1, 2009 the IRS extended tax credits for solar thermal and solar electric systems (PV).  Both are eligible for a 30% uncapped Federal Tax Credit.  This program is legislated into law until 2015.
 
This important law significantly increases the affordability and financial return on a solar system for home owners, making it one of the safest and best investments available  today. Read more about the Federal Solar Tax Credit and State Rebate programs, follow this link to the  Find State and Local Incentives  Database of State Incentives for Renewables and Efficiency (DSIREUSA.org).

 

Commercial Solar:

State Grants: The State of Illinois has historically offered grant programs providing up to 30% of the cost of a solar system (capped at $250,000). These are often annual programs and we are awaiting an announcement for either a 2008-2009 or 2009-2010 grant cycle including application rules and requirements. 

Federal Tax Credit: Effective January 1, 2009, the IRS allows a 30% Federal Tax Deduction for both solar thermal and solar electric systems.  These credits can be deferred if you are unable to take advantage of them in the year you purchased your system.
In addition, businesses are eligible for an accelerated depreciation schedule allowing for 85% of the value to be depreciated over a 5 year period. This Federal program is also legislated until 2015.
 
This important law significantly increases the affordability and financial return on a solar system for business owners and corporations, making it one of the safest and best investments available  today. Read more about the Federal Solar Tax Credit and State Rebate programs, follow this link to the  Find State and Local Incentives  Database of State Incentives for Renewables and Efficiency (DSIREUSA.org).

CALL EW&SE for a professional solar installation for your home or business.



  Additional Incentives   »

In addition to possible state grant funding, Non-Profit and Municipal entities may be eligible for grant funding from the Illinois Clean Energy Community Foundation.  Grant cycles are typically twice a year and applicant deadlines for 2009 are January 20th and July 20th.  Funding considerations maybe as high as 25% of the system installed cost.

Exemptions from property tax for solar systems

• Additional grants available through the Illinois Clean Energy Community Foundation for municipalities and not-for-profit groups.
 
With this financial help from the Illinois Department of Commerce and Economic Opportunity, the Federal Government and other funding sources, solar systems are more affordable than ever!

NOTE:  EW&SE & WCWT does not provide tax advice. All information above is based on our understanding of tax code.  Specific calculations to your purchase should be verified with your tax preparer.

Guidelines and Application Form for Solar Energy Rebate Program

 

 http://www.commerce.state.il.us/dceo/Bureaus/Energy_Recycling/Energy/Clean+Energy/01-RERP.htm

 

 

 

 

 

Questions? Contact Us

Earth Wind And Solar Energy, LLC
Phone: (312) 243-9933
Fax: (312) 277-6465

info@earthwindandsolarenergy.com




Courtesy of DOE