With the price of electricity reaching all-time highs, there has never been a better time to convert to agricultural solar in Morton IL. Sun Collectors specializes in solar for farms. Installing solar panels at your farm can help you save money, gain independence from the grid, and generate sustainable energy. Plus, available incentives including the solar tax credit, Illinois solar renewable energy credits (SREC), and grants from the Rural Energy for America Program (REAP) allow you to recover your investment. Consequently, solar arrays for agricultural solar have never been more affordable.
Work with Sun Collectors to get the benefit of a company with a proven track record for customer satisfaction. As one of the best solar contractors in Central Illinois, we have installed more than 2,400 solar systems. As a result, we have saved residential, commercial, and agricultural clients over $144.5 million dollars on energy.
Customers appreciate working with us because we make solar conversion more accessible. We offer $0 money down financing and solar for as little as $49 per month. Contact us to schedule a free consultation to discuss agricultural solar in Morton IL.
Most of our clients tell us they save 20% or more when they convert to agricultural solar in Morton IL. Ask yourself what all that extra money each month could mean for investments and improvements into your farm or rural business. Plus, your savings will only increase in the future as additional electricity rate hikes will drive up the cost of energy. Most importantly, a conversion to renewable energy gives you more cost certainty than with electricity. If your farm stays on the grid, you remain subject to the sudden and substantial rate increases from utility providers that can exceed your budget.
Available government incentives can help you recover the investment cost of converting to agricultural solar in Morton IL. The federal Investment Tax Credit (ITC) allows you to write off 30% of the installation cost for new solar panels. In addition, the SREC program allows you to sell credits you earn for energy your solar system generates that you do not use back to utility providers. As a result, you realize the full benefit of all the energy produced by your solar array.
The MACRS tax rebate program allows farms to deduct the cost of agricultural solar in Morton IL. In fact, MACRS lets you write off 85 percent of the investment into new solar panels in a five-year period. To learn more details about MACRS, follow this link to the Solar Energy Industries Association. In addition, you should discuss the best way to use MACRS with your accountant. That way, you can make sure to use available tax rebates to the best advantage for your financial situation.
Rural business owners and farmers can use REAP grants and loans to get assistance for their conversion to agricultural solar in Morton IL. Agribusiness owners who make upwards of 50 percent of gross income from on-site agricultural business can apply for guaranteed loan financing and grant funding through REAP. Competitive grants offer customers assistance up to 50 percent of total eligible project costs. Plus, REAP offers guaranteed loans for up to 75 percent of costs for the conversion to solar power. You can combine grant funding and guaranteed loans to cover up to 75 percent of your total investment.
Electricity has never been more expensive and solar panels have never been more affordable. So, now is the perfect time to make the switch to agricultural solar in Morton IL. Contact us online or give our solar consultants a call at 309-955-5430 to discuss converting your farm to renewable energy. We look forward to helping make your conversion solar fast, easy, and hassle free.
