How do Solar Incentives & Rebates Help?

Incentives and rebates can help to cover the cost of your solar system installation. In fact, many homeowners find that up to 60-80% of the cost of going solar can be covered by these incentives.

Illinois has excellent solar incentives. At Iconic Energy, we stay up-to-date and can explain what is available for you.

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.

NOTE: Although there are great incentives available, don’t be misled by ‘no cost solar’ ads or other sneaky advertising. Please be sure to educate yourself and learn the questions to ask each solar company.

What Solar Incentives & Rebates are Available in Illinois?

SRECs: How Do They Work?

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.

The IL program, called the IL Adjustable Block Program (also known as Illinois Shines), is administered by the Illinois Power Agency. The IL Adjustable Block Program will provide an amount to you based on the projected amount of energy your solar system is estimated to produce for 15 years.

The amount of money you are able to receive is based off of the amount of Solar Renewable Energy Credits (SRECs) your system will produce and the current price per SREC that is available for your system size at the time of your application being submitted to the state for review.

Since this program is always changing, the best way to determine your savings with SRECs is to request a free solar quote & consultation from Iconic Energy. We’ll answer all your questions.

ComEd’s Solar DG Rebate

ComEd offers a Distributed Generation (DG) Rebate for solar panel installations in Illinois.

The rebate will be a one-time payment based on the system’s capacity and is designed to help offset the out-of-pocket costs of installing a qualified solar system.

Here are the key details about this rebate program:

Rebate Amounts

For residential and small commercial customers:

• $300 per DC kilowatt (kW) for installed solar project capacity
• $300 per DC kilowatt-hour (kWh) for capacity of associated energy storage (batteries)

For commercial and industrial customers:

• $250 per DC kW for installed solar project capacity
• $250 per DC kWh for capacity of associated energy storage (batteries)

Eligibility and Requirements

• The rebate is available to ComEd customers in their service territory.
• To qualify, systems must meet specific technical standards, including being equipped with a smart inverter. (the inverters we use at Iconic Energy qualify)
• Equipment must be installed in compliance with state code.
• There are a few other conditions that are no problem for the typical solar installations.

ComEd’s website provides more information on the DG Rebate.

Applying for the ComEd Solar Rebate

Iconic Energy will help you apply for this rebate after your system is installed and operational. The rebate will be sent directly to you.

The Federal Tax Credit for Commercial Solar

The Federal Tax Credit Current Status: The Federal Investment Tax Credit (ITC) remains a powerful incentive for commercial entities looking to transition to solar energy. While the residential portion of the credit reached its sunset for new installations at the end of 2025, the commercial credit continues to provide significant tax relief for businesses.

• Commercial Eligibility: Businesses can still claim a substantial credit for systems placed in service in 2026.
• Residential Note: Eligibility for residential systems is now limited to those that were fully operational by December 31, 2025.

What Financing Options are Available for Solar Panels?

Iconic Energy suggests flexible solar panel financing through recommended lenders offering no money down financing. Or you can arrange your own financing through other means.