Illinois

mucifer

(24,908 posts) Wed Oct 6, 2021, 08:27 PM Oct 2021

Chicago Tribune: What's in it for you? Illinois' sweeping new clean energy law includes...

What’s in it for you? Illinois’ sweeping new clean energy law includes a $4,000 rebate on an electric car, up to 10% off on your electric bill and up to $9,000 back on a solar roof.

Illinois’ massive new clean energy bill, signed into law last this month, is a landmark in the state’s battle against climate change: a systematic plan for boosting solar and wind power, getting a million electric cars on the road, and phasing out coal and natural gas by 2050.

Whether you’re installing solar panels, buying an electric car, or just looking for a break on your electricity bill, the energy law offers incentives, both new and familiar. Estimated savings range from 5% to 10% on your electric bill, $4000 on an electric car purchase and about $8,000 to $9,000 on a new rooftop solar energy system for your home.

On the transportation front, the new law offers a $4,000 rebate for people buying electric cars, starting in July. The rebate falls to $2,000 in 2026 and $1,000 in 2028.

The upfront cost for installing a solar rooftop is about $22,000 in Illinois, said Delurey, but the state will pay for about $8,500 of that through an incentive program, and you can claim a hefty 26% rebate on that initial cost on your federal taxes. That reduces your upfront costs by about $14,200, making the tab about $7,800.

https://www.chicagotribune.com/news/breaking/ct-illinois-clean-energy-law-consumer-opportunities-0930-20211006-cijpq7i2cnbqficudcmh2xxeoy-story.html

Woo Hoo!!!

6 replies

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Chicago Tribune: What's in it for you? Illinois' sweeping new clean energy law includes... (Original Post) mucifer Oct 2021 OP

One of the Best Governors in the country. blm Oct 2021 #1

Yes! Bluethroughu Oct 2021 #3

More details on solar roofs Mooeymoose Oct 2021 #2

"Illinois' sweeping new clean energy law includes a $4,000 rebate on an electric car..." ShazzieB Oct 2021 #4

It would have been in the Build Back Better bill. But, I think manchin is destroying all the mucifer Oct 2021 #5

UGH. ShazzieB Oct 2021 #6

blm

(113,848 posts)

1. One of the Best Governors in the country.

Reply to mucifer (Original post)

Wed Oct 6, 2021, 08:30 PM

Oct 2021

Bluethroughu

(5,896 posts)

3. Yes!

Reply to blm (Reply #1)

Wed Oct 6, 2021, 10:17 PM

Oct 2021

Mooeymoose

(1 post)

2. More details on solar roofs

Reply to mucifer (Original post)

Wed Oct 6, 2021, 09:36 PM

Oct 2021

Does anyone know where to find more details on the residential solar roof details. I see 8-9k back but when does this start, how is it determined how much you get, how to you apply, etc. The electric car credit does not start until July.

ShazzieB

(18,889 posts)

4. "Illinois' sweeping new clean energy law includes a $4,000 rebate on an electric car..."

Reply to mucifer (Original post)

Sun Oct 17, 2021, 06:11 PM

Oct 2021

Sounds great IF you're a homeowner. I live in an apartment complex. There are no charging stations (or whatever you call them) on the property, and I certainly can't install my own. Is there anything in the law to encourage landlords to install charging facilities for renters? If not, only people who can afford to own their homes will be able to enjoy the benefits of driving an electric car, much less avail themselves of a rebate for buying one.

Kind of ironic, because the savings on gas might make it easier for some people to save up enough for a down-payment.

mucifer

(24,908 posts)

5. It would have been in the Build Back Better bill. But, I think manchin is destroying all the

Reply to ShazzieB (Reply #4)

Sun Oct 17, 2021, 06:27 PM

Oct 2021

climate change parts to the bill.

ShazzieB

(18,889 posts)

6. UGH.

Reply to mucifer (Reply #5)

Mon Oct 18, 2021, 04:32 PM

Oct 2021

Manchin and his precious coal.

If I was a cartoonist, I'd draw Manchin as Gollum, stroking a big old lump of coal and crooning, "My preciousss" to it.

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