Solar Credits and Rebates

Investing in solar energy is an environmentally conscious and financially savvy choice, thanks to various tax incentives and rebates available in Illinois, Iowa, and Wisconsin. These incentives play a crucial role in making solar installations more accessible for homeowners and businesses, significantly reducing the upfront costs and enhancing the long-term financial benefits of solar energy.

Residential Clean Energy Tax Credit (formerly ITC)

  • Benefit: Deduct 30% of the cost of installing a solar energy system from your federal taxes.
  • Eligibility: Available for both residential and commercial installations.
  • Savings Potential: Substantial financial benefit that lowers the initial cost of solar installations​​.

Focus on Energy Rebate

  • Benefit: Homeowners can receive up to $500; customers in some ZIP codes may receive an additional $500. Commercial property owners who install solar panels on multifamily buildings may be able to get up to $50,000. 
  • Eligibility: Available for residential and commercial installations that meet specific criteria.

Wisconsin Solar Sales Tax Exemption

  • Benefit: You don't need to pay any sales tax on new solar panel systems in Wisconsin, saving at least 5% of your system cost.
  • Eligibility: Available to residential and commercial installations.

From federal tax credits to state-specific programs, these incentives in Illinois, Iowa, and Wisconsin aim to make solar energy more accessible and financially viable, promote the adoption of renewable energy, and support environmental sustainability.