In December 2016, Illinois passed a law requiring its utilities to source 25% of their energy from renewable sources by 2025. To achieve this goal, the Illinois’s largest utilities will make incentive payments to homeowners who invest in solar. These incentives are in addition to a 30% federal tax credit for homeowners who install solar.read more
It's not sunny enough for solar panels in Chicago. Have you ever seen the winters in Illinois? They may work in California, but solar panels in Illinois don't work. It's too cloudy for solar panels in Chicago. I hear these kinds of statements all the time from...read more
I'm embarrassed by this story. Earlier this week, I found out I was getting a raw deal from the company that supplies the electricity for my home (a "competitive electricity supplier"). I should have been the last person this would happen to. After all, I run an...read more
Well-regarded research shows that purchasing a solar system increases your home's value by the net cost of the system. It would be a cruel irony, however, if increasing your home's value by installing solar then also increased your property taxes—what you might call...read more
On June 4, 2018, the Illinois Power Agency (IPA) announced the final SREC prices for solar systems. These are the incentives ComEd will pay homeowners for installing solar. One SREC represents the renewable attributes of one megawatt-hour (MWh) of energy produced.read more
ComEd, the electric utility for most of northern Illinois, has just announced that electricity supply rates will increase by more than 10% beginning in October 2018.read more
On January 22 President Trump imposed a 30% tariff on solar panels made overseas. You might be wondering if it’s still worth it to purchase solar for your home. Yes, for four reasons.read more
We looked at how an investment in home solar panels in Illinois might compare to an investment in the stock market. In short, we found that an investment in solar is likely to return significantly more than one in the stock market. A homeowner choosing to “go solar” ends up with $17,000 more after 20 years than one who invests in stocks.read more
Section 25D of the Internal Revenue Code allows taxpayers who install solar electric systems on their homes to take a credit on their taxes equal to 30% of the cost of systems they install, through 2019. The value of the federal incentives for home solar will decrease after 2019. Taxpayers acting now get the largest benefit.read more
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