Solar Incentives & Financing

How Do Solar Incentives & Tax Credits Help?

Take advantage of great incentives and put the power back in your hands today! Federal tax credits combined with other incentives can cover a substantial portion of your solar system installation cost.

Get A Free Solar Quote

Federal tax credits are available in all states and help cover the cost of your solar system installation.

Other incentives vary by state. We stay up-to-date and will explain what’s available for you.

  • Federal Tax Credit currently covers 26% of your system cost.
  • The Federal Tax Credit has been extended, so you can take advantage of the savings now!
  • The SREC program is open again in Illinois. Read below for additional information.

You don’t have to navigate this process by yourself.  Our sales team knows the current incentives, rebates and promotions and will help you get the best pricing available. We pride ourselves on being the most knowledgeable and informed in the solar market.

What is an SREC in Illinois?

SRECs are Solar Renewable Energy Credits. With programs in only a handful of states, the Solar Renewable Energy Credit program was created to encourage renewable energy in Illinois. You get financial credit for producing clean energy. This credit helps cover the cost of your solar installation.

Have more questions?  Request a free solar quote & consultation from Iconic Energy and we will answer all your questions.

What Financing Options are Available for Solar Panels?

Iconic Energy suggests flexible financing through either GreenSky or Greenpenny. Or you can arrange your own financing through other means.

GreenSky Financing:

Free financing is available through GreenSky. They offer:

  • ZERO money down and
  • ZERO payments for 18 months!

Typically 18 months is more than long enough to receive your federal tax credit and any money from state incentives. Therefore, all you will owe is the difference.

Apply for GreenSky financing online: You can easily apply online for your solar project with Iconic Energy. To do so visit the online application through this link, then input the Merchant Number 81053067 and Plan Number 2531

Greenpenny Financing:

With multiple options available, Greenpenny offers:

  • Financing up to 100% of your residential solar project with NO MONEY DOWN
  • Up to a 20-year, fixed-rate term loan

Apply for Greenpenny financing online: View Greenpenny’s flyer for residential solar financing or visit their website and apply online.

Solar Resources

Solar Energy Industries Association (SEIA)

Illinois Solar Energy Association (ISEA)

Illinois Power Agency (IPA)

SREC Trade Website

Get the Free 'Guide to Going Solar'

Sign up for our newsletter and get our free 'Guide to Going Solar' with specific info for Illinois and Wisconsin residents.

Stay up-to-date with incentives, credits, solar news, and more. (sent every 3 weeks)

  • This field is for validation purposes and should be left unchanged.