Residential Solar Power Incentives
Don’t have enough money to afford the up-front cost of solar? Tick Tock Energy can help you find federal and state incentives to help you implement a solar power system.
Optimize Your Solar Investment with Accessible Incentives
Waiting to invest in solar power because of the cost? Delaying your installation could cost you significant savings on electricity and you may miss out on amazing incentives that can help pay for your system. Plus, solar panel prices have dropped considerably over the years and are now more affordable than ever.
Tick Tock Energy can help you find the best federal or state incentives available to help lower the cost of your solar power system.
1. Design Your Solution
Tick Tock will help you design the perfect solar system for your home, ensuring we accommodate your available space, specific needs, and long-term solar goals.
2. Review Your Quote
Once we know your requirements, our engineers create a tailored plan for your solar power system and provide a detailed quote about the estimated expenses.
3. Find Available Incentives
A Tick Tock Energy sales consultant will help you identify both state and federal solar incentives for your area to optimize your investment.
4. Install Your New System
With a detailed, data-driven design, we start building, providing materials, installation labor, and electrical work to get your system up and running.
5. Access Lifetime System Support
After installation, Tick Tock supports the lifetime of your system, offering comprehensive operating, maintenance, and monitoring services.
Available Solar Power Incentives to Explore
Solar power incentives can help you make your system more affordable. A Tick Tock Energy sales consultant can help you identify both state and federal solar incentives for your area and help optimize your investment.
Illinois Solar Renewable Energy Credits (SRECs)
If you live in Illinois, you can take advantage of SRECs, which provide an outstanding opportunity for you to recoup your investment. Illinois SRECs can potentially cover 20-40% of the cost of your solar power system. One SREC equals 1,000 kilowatt-hours (kWh) of solar energy generated. SRECs accrue as solar electricity is generated and are typically paid out quarterly.
Illinois SRECs provide an outstanding solar incentive that helps owners recoup a solar system’s investment. These energy credits, which are available in Illinois and other select states, have been created to help states meet Renewable Portfolio Standards (RPS). These RPS set goals for generating a percentage of that state’s overall electricity from renewable energy. In Illinois, for example, an SREC can potentially cover 20% to 40% of the total solar investment.
Federal Solar Investment Tax Credit (ITC)
Anyone who lives in the United States and owes federal taxes can leverage the federal Solar ITC, which allows you to claim a portion of your solar installation costs on your tax return. The credit is currently 30% per the Inflation Reduction Act of 2022, meaning that if you install a $19,000 solar energy system, you reduce your federal tax liability by 30% to equal $5,700. It’s important to note that the Inflation Reduction Act of 2022 will decrease the ITC to 26% in 2033 and drop further to 22% in 2034, with a complete expiration of the program in 2035.
Ready to Start?
Request a free quote today
Tick Tock Energy is ready to help you invest in a clean solar energy system on your property, capture lucrative solar incentives, reduce long-term electricity costs, and and enhance the value of your property. To discuss your power needs with one of our solar consultants, request an initial consultation and quote today.
Tick Tock has helped countless homeowners across the Midwest enhance the value of their property and reduce their utility costs with solar power systems. Explore our recent installations below.
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