ILLINOIS

[dsm_content_timeline dsm_responsive_style=”left” dsm_tree_animation=”on” dsm_pointer_bg_color=”#f2f2f2″ dsm_pointer_active_bg_color=”RGBA(255,255,255,0)” dsm_pointer_icon_color=”RGBA(255,255,255,0)” dsm_pointer_active_icon_color=”RGBA(255,255,255,0)” dsm_pointer_icon_font_size=”84px” dsm_tree_bg_color=”rgba(142,137,129,0.25)” dsm_tree_active_bg_color=”#ffae00″ admin_label=”Supreme Content Timeline” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||18px|||” custom_padding=”30px|30px|13px|30px||” motion_trigger_start=”top” border_color_all_pointer_border=”RGBA(255,255,255,0)” global_colors_info=”{}”][dsm_content_timeline_child dsm_use_icon_image=”off” title_text=”gradient_1″ dsm_title=”Potentially cover 50% of the total cost” dsm_content=”Businesses nationwide can take advantage of the Federal Solar Tax Credit, which covers 30% of the cost of a solar project, regardless of location. On top of that, a large portion of Illinois qualifies for the Energy Community Tax Credit Bonus adding another 10% for projects situated in designated energy communities— areas affected by the decline of fossil fuel industries. Additionally, projects that meet the criteria for domestic content, meaning they use materials made in the U.S., receive an extra 10% credit. Combined, these incentives can cover 50% of the total cost, making solar installations more affordable than ever.” dsm_use_pointer_element=”on” dsm_select_pointer_option=”image” dsm_point_image=”https://solar-one.com/wp-content/uploads/2024/09/gradient_1.png” dsm_opposite_text=”Federal Tax Credit” _builder_version=”4.24.2″ _module_preset=”default” header_font=”|300||on|||||” header_text_color=”#000000″ header_font_size=”31px” content_font=”||||||||” content_text_color=”#FFFFFF” opposite_text_font=”Bebas Neue||||||||” opposite_text_font_size=”42px” opposite_text_line_height=”2.6em” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#fe4d57 0%|#ffce57 100%” opposite_text_text_color_tablet=”#FFFFFF” opposite_text_text_color_phone=”#FFFFFF” opposite_text_text_color_last_edited=”on|phone” opposite_text_font_size_tablet=”42px” opposite_text_font_size_phone=”33px” opposite_text_font_size_last_edited=”on|phone” opposite_text_line_height_tablet=”1em” opposite_text_line_height_phone=”1.6em” opposite_text_line_height_last_edited=”on|phone” header_text_shadow_style=”preset1″ header_text_shadow_blur_strength=”0.5em” header_text_shadow_color=”#FFFFFF” border_radii=”on|30px|30px|30px|30px” global_colors_info=”{}” parent_header_level=”h4″][/dsm_content_timeline_child][dsm_content_timeline_child dsm_use_icon_image=”off” title_text=”gradient_2″ dsm_title=”80% depreciation in first year” dsm_content=”State and federal tax depreciation provides a powerful tool for funding solar projects by allowing businesses to recover the cost of their investment over time. Under the federal Modified Accelerated Cost Recovery System (MACRS), businesses can depreciate their solar installation over five years, significantly reducing taxable income. Additionally, the Federal Bonus Depreciation program allows businesses to deduct 80% of the project’s cost in the first year, further accelerating tax savings. Illinois also offer similar depreciation benefits, making the combined state and federal tax depreciation a valuable way to offset the initial costs of a solar project and improve the overall return on investment.” dsm_use_pointer_element=”on” dsm_select_pointer_option=”image” dsm_point_image=”https://solar-one.com/wp-content/uploads/2024/09/gradient_2.png” dsm_opposite_text=”DEPRECIATION” _builder_version=”4.24.2″ _module_preset=”default” header_font=”|300||on|||||” header_text_color=”#000000″ header_font_size=”31px” content_text_color=”#FFFFFF” opposite_text_font=”Bebas Neue||||||||” opposite_text_font_size=”42px” opposite_text_line_height=”2.6em” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#fe4d57 0%|#cc5ac9 100%” opposite_text_text_color_tablet=”#FFFFFF” opposite_text_text_color_phone=”#FFFFFF” opposite_text_text_color_last_edited=”on|phone” opposite_text_line_height_tablet=”1.3em” opposite_text_line_height_phone=”1.3em” opposite_text_line_height_last_edited=”on|phone” header_text_shadow_style=”preset1″ header_text_shadow_blur_strength=”0.5em” header_text_shadow_color=”#FFFFFF” border_radii=”on|30px|30px|30px|30px” global_colors_info=”{}” parent_header_level=”h4″][/dsm_content_timeline_child][dsm_content_timeline_child dsm_use_icon_image=”off” title_text=”gradient_3″ dsm_title=”Over $200k in Savings” dsm_content=”Business customers of Commonwealth Edison (ComEd) and Ameren Illinois are eligible for a generous rebate of $250 per kilowatt (kWdc) of installed solar capacity when using smart inverters. This means that a business installing a large rooftop solar system of 1 MWDC (1,000 kWdc) with Solar One would qualify for a $250,000 rebate once the project is complete. The rebate is available for any commercial system under 2 MWAC of installed capacity, making it a substantial incentive for businesses looking to invest in solar and reduce upfront costs.” dsm_use_pointer_element=”on” dsm_select_pointer_option=”image” dsm_point_image=”https://solar-one.com/wp-content/uploads/2024/09/gradient_3.png” dsm_opposite_text=”Smart Inverter Rebate” _builder_version=”4.24.2″ _module_preset=”default” header_font=”|300||on|||||” header_text_color=”#000000″ header_font_size=”31px” content_text_color=”#FFFFFF” opposite_text_font=”Bebas Neue||||||||” opposite_text_font_size=”42px” opposite_text_line_height=”2.6em” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#3a4a92 0%|#b962fc 100%” opposite_text_text_color_tablet=”#FFFFFF” opposite_text_text_color_phone=”#FFFFFF” opposite_text_text_color_last_edited=”on|phone” opposite_text_font_size_tablet=”42px” opposite_text_font_size_phone=”33px” opposite_text_font_size_last_edited=”on|phone” opposite_text_line_height_tablet=”1.3em” opposite_text_line_height_phone=”1em” opposite_text_line_height_last_edited=”on|phone” header_text_shadow_style=”preset1″ header_text_shadow_vertical_length=”0em” header_text_shadow_blur_strength=”0.36em” header_text_shadow_color=”#FFFFFF” border_radii=”on|30px|30px|30px|30px” global_colors_info=”{}” parent_header_level=”h4″][/dsm_content_timeline_child][dsm_content_timeline_child dsm_use_icon_image=”off” title_text=”gradient_4″ dsm_title=”SELL UNUSED CREDITS” dsm_content=”In Illinois, each time a solar system generates one megawatt-hour (MWh) of electricity, it earns one Solar Renewable Energy Credit (SREC). Solar owners can sell these credits to utilities or other buyers who need them to meet state renewable energy requirements. The Illinois Shines program offers a stable price for SRECs, making solar projects more profitable. This system helps reduce the cost of solar installations and encourages more businesses and homeowners to go solar.” dsm_use_pointer_element=”on” dsm_select_pointer_option=”image” dsm_point_image=”https://solar-one.com/wp-content/uploads/2024/09/gradient_4.png” dsm_opposite_text=”SRECs” _builder_version=”4.24.2″ _module_preset=”default” header_font=”|300|||||||” header_text_color=”#000000″ header_font_size=”31px” header_line_height=”1em” content_text_color=”#FFFFFF” opposite_text_font=”Bebas Neue||||||||” opposite_text_font_size=”42px” opposite_text_line_height=”2.6em” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#5accad 0%|#6e99fe 100%” opposite_text_text_color_tablet=”#FFFFFF” opposite_text_text_color_phone=”#FFFFFF” opposite_text_text_color_last_edited=”on|phone” opposite_text_line_height_tablet=”1.3em” opposite_text_line_height_phone=”1.4em” opposite_text_line_height_last_edited=”on|phone” header_text_shadow_style=”preset1″ header_text_shadow_blur_strength=”0.5em” header_text_shadow_color=”#FFFFFF” border_radii=”on|30px|30px|30px|30px” global_colors_info=”{}” parent_header_level=”h4″][/dsm_content_timeline_child][/dsm_content_timeline]