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Sun Collectors

How Much Does It Cost for Residential Solar in Peoria Heights IL?

Sun Collectors can provide you with an estimate on the cost to get residential solar in Peoria Heights IL. For more information, give us a call at 309-204-9081.

Our company specializes in making residential solar more accessible to consumers. Consequently, we offer great financing that allows you to install a new solar array with no down payment. In fact, we can provide you with a new solar system for as little as $49 per month with $0 money down. Doesn’t that sound a lot more affordable than you thought? But wait, it gets even better. When you convert to residential solar in Peoria Heights IL, you can take advantage of many incentive programs. Therefore, you can get rebates to cover much of the cost of your new solar system.

Now is a great time to convert your home to solar energy. In fact, solar panels have never been more affordable than they are right now. So, contact us now to schedule your free consultation.

Incentive Programs for Affordable Residential Solar

When you switch to residential solar in Peoria Heights IL, you can use many available incentives to recoup much of the costs. Federal and state government programs support residents making the change to renewable energy. To make it easier to move to clean energy, federal and state incentives offer you the chance to experience huge savings. You can take advantage of all of the following rebate programs:

Federal Investment Tax Credit (ITC)

With the Investment Tax Credit (ITC), you may write off 30% of your expenses to switch to residential solar in Peoria Heights IL. For instance, you could save $5,200 off the cost of a $20,000 solar system just in tax credits. Furthermore, the ITC program does not include a cap so you will continue to get a 30% tax write-off even with a more significant cost. However, the ITC applies only to those who buy their solar system outright with cash or by financing the cost.

Illinois Solar Renewable Energy Credits

Under the new Adjustable Block Program, also referred to as Illinois Shines, you can make money by converting to residential solar in Peoria IL. For each megawatt hour (MWh) of electricity your solar system produces, you receive one Solar Renewable Energy Credit (SREC). Illinois mandates power providers to buy those credits from you. Consequently, you can create turn quite a profit with the average residential solar system lasting for 20 to 30 years.

The Illinois Net Metering Program

With Illinois’ net metering , you earn credits on future power bills with excess energy made by your residential solar in Peoria Heights IL. Thus, net metering makes sure you get the full benefit of your solar panels. Also, the program provides a way to balance your electricity production and consumption. Commonwealth Edison offers the top utility net metering program in Illinois.

State Property Tax Breaks

Illinois residents know all about huge property tax bills. If you’re considering a move to residential solar in Peoria Heights IL, you may think you will get hit with large property tax increases. However, Illinois participates in a Special Assessment for Solar Energy Systems program. Therefore, you will not have to pay more in property taxes because of your new solar system.

Residential Solar Peoria Heights IL

Residential Solar Boosts Your Property Values

You can make your home even more valuable by converting to residential solar. Zillow reports indicate that a home with solar panels often sells 20% quicker than homes without. Plus, your home usually gains an average of 4% more equity than electric homes on the market. Furthermore, homes with solar systems often return $20,000 more in resale value than homes still using electricity.

Get a Quote on Residential Solar in Peoria Heights IL

Sun Collectors representatives will give you all the information you need about converting to residential solar. So, don’t delay. Call 309-204-9081 to get your free consultation today. Also, you can set up a meeting through our online contact form.