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The ITC is a driving force behind increased solar adoption in the United States. Since its implementation in 2006, solar installation has grown by over 1600% with an average annual growth rate of 76%.
The tax credit is available for purchased solar systems and is worth 26% of the cost of the system, which is paid back to the homeowner and determined by the amount of the individual’s taxable income that year.
Net metering is a utility billing system that will credit homeowners for any excess electricity that their solar system produces. The excess power is sent back into the grid for community use through a bidirectional meter. The credits provided are meant to supplement the homeowner’s energy use at night or when it’s cloudy when the system isn’t producing as much.
The state of Illinois offers a 25% tax credit of the total cost of your solar system, worth up to $35,000 (or $3,500 per year for up to 10 years). This is an added savings benefit to accompany the federal tax credit that has helped motivate the solar boom since 2006.
You may be eligible to receive additional rebates to help cover the cost of purchasing your solar system, or earn payments for every kilowatt-hour (kWh) of electricity the panels generate.
Duke Energy Progress is offering its customers a $1.00 rebate for every watt of solar they install with no limitation. Customers of Santee Cooper are eligible for rebates worth $1.30 per watt that is installed, up to $5,200.
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As one of the cheapest forms of electricity across the United States, solar dramatically reduces greenhouse gas emissions and is proven to help slow climate change.
According to the EPA, an average 8.6kW home solar system takes 9,606 pounds of CO2 out of the air each year. That's the same as 50 trees.
The Energy Information Administration (eia.gov) reports that utility rates are rising year over year. Suntuity Solar provides price protection throughout the length of your agreement, so you know what you’ll be paying today, tomorrow, and for the next two decades. Enjoy peace of mind in knowing your rates will never spike – it’s more valuable than you may realize.
Purchasing your home solar system allows you to take advantage of the Solar Investment Tax Credit (ITC). Solar power system owners are eligible for this tax credit which is worth 26% of the total cost of the system through the end of 2022. After 2022, the percentage will decrease each year and then expire completely for residential solar systems purchased after 2023.
We offer zero upfront costs in all of the states we operate ─ and in most cases, you won’t ever have to pay anything out-of-pocket, depending on the financial agreement you choose. All you’ll have to pay is a lower electricity bill.
Our flexible finance options include leasing, loans or purchasing your home solar system.
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We can tell you how much you can save by going solar after looking at your energy needs. We will also answer any questions you have about going solar.
We’ll complete an assessment of your property to design the most efficient solar system. We’ll also coordinate all of the permitting paperwork with your township so that the process is completely worry-free.
Once your system design is finalized and the permitting is approved, we’ll reach out to schedule your system installation. Once completed, we’ll work with your township to coordinate a final inspection and you’ll be one step closer to solar savings.
After your project passes final inspection through your township or local municipality, we’ll be able to activate your system. All you’ll have to do is enjoy generating cleaner, more affordable energy.
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*Suntuity is a registered trademark of Natural Power Sources LLC D|B|A Suntuity. A solar power system is customized for each home, so pricing and savings vary based on location, system size, roof condition and roof space, azimuth, tree location, government rebates, and local utility rates. Savings on your total electricity cost is not guaranteed. Financing terms and warranties vary based on location and are not available in all areas.
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