Chicago Tribune: What's in it for you? Illinois' sweeping new clean energy law includes... [View all]
Whats 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 states 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 youre 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!!!