Illinois state law mandates that 25% of its electric power will come from renewable sources by 2025. Currently, only 4% comes from renewable sources. This presents a unique opportunity for you as the state encourages more people to switch to solar. Lets know about the blue raven solar.
Blue Raven Solar is one of the most reputable solar installation companies in the state of Illinois. When you work with a reputable company, you can install a quality system and take advantage of the available tax breaks.
Find out how Blue Raven Solar can help you make the switch to solar.
What Is Renewable Energy?
You may hear renewable energy referred to as clean energy. This energy comes from natural processes or sources that are constantly replenished. Examples of this type of energy are wind and sunlight.
Solar System Incentives in Illinois
The state of Illinois offers a tax credit. The state grants you one Solar Renewable Energy Credit (SREC) for each megawatt-hour (MWh) of electricity you produce. You can then turn around and sell those credits in the market.
Other state incentives include net metering and property tax exemption. Your property will get assessed property tax based on the home’s value without the panels. This eliminates the fear that your solar system will increase the value of your home and thus taxes.
Net metering programs let you sell excess electricity that your system produces back to the utility company.
Federal Tax Credit
When you install a solar system on your home, you can claim the federal tax credit for that year. The size of the credit will depend on what year your system gets installed. Homeowners that install their solar system in 2020-2022 can claim a 26% credit.
This amount drops in 2023 to 22% and 10% in 2024. If the credit you can claim is greater than your liability, you can rollover the remainder into future years.
Blue Raven Solar in Illinois
The key to getting the most out of your solar system is to invest in a high-quality system. This ensures it produces the greatest amount of energy and is durable for the longest useful life. Blue Raven Solar is committed to helping its clients.
Once you submit your consultation request at https://blueravensolar.com/illinois/, a qualified sales agent will begin by answering any questions you have about renewable energy in Illinois. A designer will create a system specifically for your home for maximum efficiency based on your home and energy consumption.
Skilled technicians will install your personalized system. A project coordinator will help you connect your system to the grid. Then all you have to do is sit back and enjoy clean energy production and financial savings.
Add Solar Panels to Your Home
There’s no better time than the present to contact Blue Raven solar and arrange for solar installation on your Illinois home. There’s no better time than the present with both state and federal incentives available.
Check out our other technical articles for more helpful advice on making your home more energy-efficient.