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Take Advantage of the Illinois SREC Program in Peoria IL

Sun Collectors representatives understand you may have questions about the Illinois SREC program in Peoria IL. Give us a call at 309-316-3540 for more information and a free consultation on residential, commercial, or agricultural solar.

If you are wondering what the Illinois SREC Program in Peoria IL is, you are not alone. It stands for the Illinois Solar Renewable Energy Credits program. To support more conversion to renewable energy, Illinois lawmakers created a program to reward those who install solar panels. The credits place an environmental value on the electricity produced by solar energy. You can receive these credits when you install a solar system, and it produces mor electricity than you use. The program requires utility companies to pay you for your SREC to fulfill their renewable energy production obligations.

Contact us now if you would like more information on the Illinois SREC Program. We can provide a free, in-home consultation to show you just how much money you could save by converting to renewable solar energy. We specialize in solar energy systems for homes, businesses, and farms.

How Valuable Is the Illinois SREC Program in Peoria IL?

Under the Illinois SREC Program in Peoria IL, you can earn one credit for every megawatt hour (MWh) of electricity your solar panels produce. Given that the average solar system lasts 15-30 years, the typical household can earn 50 to 200 credits during its lifespan. Using a conservative, 15-year example, your residential system could earn you $10,000 or more in credits. Consequently, your decision to install solar panels will prove very valuable during its lifetime.

How Expensive is the Cost of Installing Solar Panels?

Now that you have heard about the Illinois SREC Program in Peoria IL, you may start to wonder about the cost of installing solar panels. With Sun Collectors, we offer $0 money down financing and plans starting as low as $49 per month. You can combine our great financing with many great solar incentives available to fit the conversion into your budget. Available incentives include the following:

  • Federal Investment Tax Credit – You can deduct 26% of the cost of installation of new solar panels on your income taxes.
  • Net Metering – Illinois uses a program where you can rollover energy your solar system creates that you do not use. Essentially, you receive credits on your future power bills. In some cases, customers can eliminate their monthly utility bill.
  • Solar for All – Low-income households can apply to have a significant portion of your solar panel installation covered if you meet specific qualifications.
  • USDA Rural Energy for America Program (REAP) – Farmers and rural businesses can receive grants and loan guarantees for energy-efficient improvements. This would include the installation of new solar panels. Check the USDA website for eligibility requirements.
Illinois SREC Program Peoria IL

Contact Us

Sun Collectors contractors can provide you with more information about solar panels and the Illinois SREC Program. Call today at 309-316-3540 or contact us online to schedule a free consultation. In addition, you can learn more about the Illinois SREC program by watching this video. Plus, you can click here to learn more about the many benefits and programs available for solar energy.