Want to lead Illinois' transition
to solar energy?
Enjoy all of the benefits of simple solar ownership.
The beautiful state of Illinois has a history flush with champions. Illinois launched Abraham Lincoln to the presidency and was the first state to ratify to the 13th Amendment, thereby championing the abolition of slavery. Chicago has produced some of the greatest sports champions in history, including his Airness Michael Jordan who led the Bulls to 6 national titles. And now you can be a champion of energy independence with Dividend Solar's EmpowerLoan.
Reducing your carbon footprint and your reliance on traditional sources of utility power, like coal and natural gas, is a great reason to join the rooftop revolution. Illinois has set a goal of producing 25% of the state's power through renewable sources, like wind and solar, by the year 2025. But that isn't the only reason going solar makes sense (and cents). Homeowners are eligible for a 30% Federal Investment Tax Credit (ITC) when they choose to go solar. This means that you can realize substantial savings through solar ownership by deducting 30% of your system's price from what you owe Uncle Sam at tax time. The state also offers a Solar Renewable Energy Credit (SREC) program to further incentivize investments in solar energy. Plus, utility companies in the state offer Net Metering to compensate you for any excess energy produced by your solar system.
With savings like this and the EmpowerLoan, Dividend Solar is making solar ownership a guaranteed win.
Home Solar in Illinois Is More Affordable than Ever Before
Sell Your Extra Production
with Net Metering
For more information, check out our Illinois Solar FAQs below
How Going Solar in Illinois Works
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Frequently Asked Questions
Illinois is one of the top states to go solar and maximize your savings. Aside from saving money on your electric bill, there are three other key incentives that help solar ownership in Illinois make sense: 1) the 30% federal tax credit, 2) Renewable Energy Credits, and 3) Net metering.
First, the federal government offers a 30% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system, and has been extended to last until at least 2020. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal tax credit* – which can cover up to 30% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With the Dividend Solar EmpowerLoan, you own your system and you get all of the economic benefits of going solar in Illinois.
Secondly, Illinois offers Renewable Energy Credits which can generate thousands of dollars of cash savings in addition to your utility bill savings. For more information on RECs, please see the next question!
Finally, like many other states, Illinois utilities have Net Metering policies which allow homeowners to be credited for extra energy fed back to the power grid. If designed optimally, a homeowner can expect to offset 100% of their current electricity use while also having some left over to sell back to the grid.
*Dividend Solar does not provide tax or legal advice. Please consult your tax advisor for more information.
In Illinois, the typical solar energy system will produce between 6-10 megawatt hours of electricity each year, and every 1 megawatt hour of production also generates 1 Renewable Energy Credit ("RECs"). RECs can be sold to utility companies which allows them to meet their required quota of renewable energy production.
From a homeowner's perspective, Renewable Energy Credits are an additional source of savings that can add thousands of dollars of cash savings each year – on top of your utility bill savings! These RECs are a key driver of the economic benefits of going solar in Illinois, and help homeowners save money immediately.
The combination of the 30% Federal Tax Credit, the Renewable Energy Credits and the ability to offset the cost of electricity from your utility company make going solar in Illinois a slam dunk (from the foul line!).
When you begin to generate your own solar power, your utility bill can drop significantly. How much you can save will depend on the size of your solar system, your electricity usage, your current utility rates, and other factors. Our team and partners can design a system for you using remote assessment tools, and can present you with a system designed specifically for your home to give you a sense of your expected solar savings.
Working with the best solar installers in Illinois, Dividend Solar offers its customers a better, simpler way to go solar and save money on utility bills.
It's easy to switch to solar! We will get your solar system up and running as quickly as possible so that you can start saving money and using clean energy. Inside your home, you won't experience any changes – there's no need to change appliances or make any other alterations. Outside your home, your Dividend Solar Installer will obtain all building permits and design your system to meet your local building codes. Your Installer will arrange the electrical, building and utility inspections and be on-site to make sure that everything is up to code.
Our mission at Dividend Solar is to make it as easy as possible for you to go solar today.
At a high level, energy from the sun is collected by the solar panels on your roof and converted into electricity. This electricity from the panels, which are made up of of photovoltaic cells, is in "direct current" (DC) form, which needs to be converted into "alternating current" (AC) electricity that you currently use in your home. This AC/DC conversion is made by a component called an inverter, which is included with your system. The inverter then channels the usable electricity into your existing power meter, and it can then be used to power your home. When your system generates energy in excess of your home's needs, that extra power is sent back into the grid (a process called "net metering") which in turn lowers the cost of your utility bill. Clean energy + savings!
Since the amount of power your solar system generates is a direct result of sunlight, it will produce slightly less energy when the weather is cloudy, and will not produce any energy at night. Your home will continue to be connected to your local utility grid, so that you can automatically begin to draw power from the grid whenever you need it. You won't experience any power interruptions; the switch between solar system power and the utility grid happens seamlessly, with nothing to do on your end.
The Office of Energy Efficiency and Renewable Energy has an Energy 101: Solar video you can watch to learn more about the conversion from sunlight to electricity.
We hope so, and it's easy to find out. Simply enter your information here, and we will give you a call to get your solar journey started. Our customer-focused Installers can quickly evaluate your home's suitability for solar by examining satellite photos of your property, with no cost to understand if solar is right for you.
The cost of a solar power system will vary depending on its size, location, your roof layout and other factors, but rooftop solar systems typically cost between $15,000 and $50,000, with the average being about $30,000 for a 6.5kW (6,500 watts) system. To get a better understanding of how large of a system you'll need, sign up today for a free estimate of your solar savings.
Solar energy systems are durable and built to withstand the wear & tear of outdoor conditions. Your system will operate best when it is clean and in direct sunlight, so periodic rinsing is recommended. Seasonal inspections and trimming nearby trees will ensure your system is delivering optimal energy production. In case you encounter any issues with your system's performance, Dividend Solar's Installation Partners include operations & maintenance services, a 15-year warranty on all repairs and defects, and a system performance guarantee with every EmpowerLoan as part of our service to you.
Solar energy systems are also extremely reliable. Solar has proven to be a dependable source of energy for large office buildings, large retailers and governmental agencies, supplying large quantities of energy. Some of the largest organizations in the world have buildings powered by solar energy, including eBay, Walmart, and the US Air Force. Dividend Solar has incredibly high quality standards and partners with Installers who only use the best equipment – we build your power system to last, and stand by our quality with the system performance guarantee.
Performance monitoring is one of the coolest parts of owning your solar energy system. Each Dividend Solar system includes a special meter that measures your system's solar power production in real time. When you visit the EmpowerPortal, you can see exactly how much electricity you have generated and you can track the production over time.
In addition, the system performance data is also sent to our database, allowing us to proactively detect problems that may be reducing your system's performance. We consistently monitor the actual performance of your system to ensure that it is producing at least 85% of the power guaranteed by your Installer. If your system's performance falls consistently below that level, we'll send an Installer to fix the problem at no additional cost to you.
Now is an ideal time to switch to solar. Solar power can dramatically reduce your utility bill and will protect you from rising utility rates for years to come. In addition, federal, state and local governments are offering generous rebates and incentives to go solar. The federal government offers a 30% tax credit on federal income taxes which has been extended for five years.
Our Installers provide in-depth assistance on all required tax submission forms, which includes identifying all of the potential rebates, acquiring the relevant forms, and preparing the materials for you to sign and submit. We strive to make going solar a hassle-free experience at every stage of the process, including your tax submission.*
*Dividend Solar does not provide tax or legal advice. Please consult your tax advisor for more information.
Who says you can't have the best of both worlds? The Dividend Solar EmpowerLoan offers the combination of hassle-free system coverage plus the financial rewards of ownership.
- Low, fixed interest rate
- Savings on your utility bill
- System performance guarantee
- Real-time monitoring
- Free maintenance
- Prepay at any time with no fees
- Maximized financial returns
- You receive the federal, state and local tax incentives instead of a third-party company
With our $0-down EmpowerLoan, Homeowners realize the maximum economic benefits of solar ownership, as well as a full service offering, including performance and maintenance guarantees. We have included the most attractive benefits of a solar lease, while shifting more of the economics back to you, the Homeowner, through ownership. With no out of pocket cost to buy a solar panel kit, the EmpowerLoan makes going solar easier than ever before.
For more details, you can see the many benefits of the EmpowerLoan here.
At Dividend Solar, we've changed the experience of getting a loan. Instead of a time-consuming, paperwork-heavy process with inflexible rules, our loan application process has been described as "simple," "hassle-free" and "the way it should be." If you're a qualified Homeowner, getting a loan has never been easier.
To start your solar journey, simply sign up here or give us a call. We'll have one of our all-stars bring you up to speed on our offerings, understand your energy needs and get a system designed for you - all at no cost to you.