Illinois net metering changes will take effect on January 1, 2025. If you are considering going solar, it is important to be aware of the new net metering updates when making a decision.
Net metering is a benefit for solar energy users that allows them to earn utility bill credits for the excess electricity their solar panels produce. These credits can then be used to offset the cost of the electricity they purchase from the utility company.
Essentially, the net metering updates will lower the value of the credit for excess energy produced by solar PV systems, but there are upsides for new customers as well.
Sure, the new policy may make solar energy slightly less profitable than it was before, but it’s still an excellent investment. For the most part, solar energy is still a great investment for homeowners and businesses. You may also be eligible for additional incentives such as Ameren’s Distributed Generation Rebate, which can help offset the cost of your system.
If you are interested in learning more about the new net metering updates or solar energy in general, contact Sun Collectors today. One of our solar energy experts would be happy to walk you through the ins and outs of solar and answer any questions you may have. You can schedule your free solar consultation online or call (309) 323-8260.
