Solar Panel Tax Credits

Solar Panel Tax Credits & Incentives in Illinois

When transitioning to solar energy, many homeowners in Illinois may feel overwhelmed or nervous about the associated costs. At MB Heating & Cooling, we are here to alleviate those concerns and make the switch to solar paneling an exciting and financially rewarding journey. There are several opportunities for homeowners to take advantage of and embrace solar energy without the burden of high costs.  These opportunities include the 25 D Residential Tax Credit, The Illinois Net Metering Policy, The Illinois Solar for All Program, Solar Property Tax Exemption, and the City of Chicago’s Green Building Permit Programs. Each offers a variety of benefits, giving homeowners many options to choose from, guaranteeing that they find one to fit their specific needs. At MB Heating & Cooling, we support our valued customers throughout their solar paneling journey, address concerns, and provide comprehensive guidance and installation. Let us help you take the first step towards a sustainable and cost-efficient future with solar paneling.

Solar Financing

Sungage Solar Financing

Sungage provides homeowners with consumer-friendly financing options to go solar and save more money. We offer whole project funding, including solar, battery storage, and roof work — with no fees, no appraisals, and no home equity requirements.

With our soft credit inquiry, applying will not have a negative impact on your credit score.

Why Sungage?

We make it simple. Homeowners choose Sungage because we make it quick and easy to get financing and get on with your life!


We’ve set the standard for consumer-friendly finance products. Built for you, built for solar.


Complete a simple online application and get a credit decision in seconds with no impact to your credit score.

Customer Service

We’re here to answer all your questions on the dollars and cents of going solar.

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Federal Tax Credits

25D Residential Clean Energy Credit

The 25D Residential Clean Energy Tax Credit presents an exceptional opportunity for homeowners to embrace clean, renewable energy through solar panels. Under the 25D tax credit, homeowners can receive an uncapped 30 percent federal tax credit on the purchase and installation of residential solar paneling. This means that 30 percent of the total costs, including equipment and installation, can be deducted directly from the homeowner’s federal tax liability. The credit applies to projects installed between January 1, 2023, and December 31, 2032, providing homeowners ample time to take advantage of this financial benefit. If your project was installed in 2022 or prior, the tax credit is retroactive and allows you to qualify for the full 30% tax credit.

By leveraging this federal tax credit, homeowners can make a meaningful and eco-conscious investment in their homes while contributing to a cleaner and more sustainable future for all.  Contact us today, and our team will help you take advantage of this incredible credit!

Local Incentives in Central Illinois

Solar Panel Installation

In Central Illinois, homeowners embracing solar power enjoy local incentives, including tax credits, rebates, and financial benefits. Net metering programs offered by utility companies allow the sale of excess energy back to the grid, reducing energy costs.

 At MB Heating & Cooling, our expert solar paneling specialists in Springfield, Illinois are well-versed in each of these programs and understand how they can directly benefit you. To explore the full potential of these incentives and determine how they align with your solar paneling goals, contact us for a free consultation. Upgrade your home with solar paneling and maximize your savings with these local incentives in Central Illinois.

Illinois Net Metering Policy

This policy ensures homeowners receive credit for any surplus energy their solar systems produce. This allows them to offset future energy bills and experience greater control over their electricity consumption.

Illinois Shines Program

Through this program Solar customers are rewarded with credits for all solar production, providing an opportunity to sell excess energy and potentially generate additional income.

Illinois Solar for All Program

This allows low-income solar customers to benefit from customized payment plans that accommodate individual financial circumstances, making solar energy accessible to all.

Solar Property Tax Exemption

The exemption shields homeowners from property tax increases resulting from solar panel installations, even if the value of their homes appreciates over time.

The City of Chicago, the Green Building Permit Programs

This permitting program offers solar panel applicants an expedited permitting process and the possibility of permit fee reductions, streamlining the transition to solar energy.

The Special Assessment for Solar Energy Systems

While solar paneling adds value to your home, Illinois offers a special assessment program that ensures you are taxed as if the panels were not even present, providing additional financial benefits for adopting solar technology.

Federal Solar Investment Tax Credit

By installing residential solar systems before December 31, 2022, eligible homeowners can benefit from a 26 percent federal tax credit, significantly reducing the initial investment cost.

solar panel savings springfield illinois

Stackable Incentives

Maximizing Savings

Embracing solar energy in Central Illinois promotes a greener future and presents numerous opportunities for homeowners to maximize their savings through stackable incentives. Stackable incentives refer to the ability to combine multiple financial benefits, creating a more compelling and cost-effective package for those transitioning to solar panel installations. One prominent stackable incentive is the Federal Tax Credit offered under the 25D Residential Clean Energy Tax Credit program, providing a significant 30 percent federal tax credit on solar panel purchases and installations. By leveraging this incentive alongside local programs, homeowners can amplify their cost savings while making environmentally responsible choices.

With the guidance of MB Heating & Cooling’s solar paneling experts, homeowners can explore various stackable incentives and create personalized financial plans that align with their budgets and sustainability goals. Contact us today and confidently transition to solar energy without breaking the bank.

Maximize Your Savings with Solar Energy Solutions

Contact Your Solar Energy Professionals Today

Solar energy offers an environmentally friendly and cost-effective solution to the world’s increasing energy demands. In order to encourage the use of solar power, the federal government provides tax incentives for those who invest in renewable energy. These incentives include the Solar Investment Tax Credit (ITC), which offers a 26% tax credit for qualifying solar energy systems for both residential and commercial properties. Additionally, state and local governments may offer further incentives, such as property tax exemptions or cash rebates, to promote the use of solar energy. Overall, these tax incentives make solar energy an attractive option for those looking to save money while reducing their environmental impact.

Choose MB Heating & Cooling

Expert Guidance on Tax Credits

Navigating the complex landscape of tax credits and incentives for solar panel installations can be overwhelming for homeowners in Central Illinois. At MB Heating & Cooling, we pride ourselves on providing expert guidance to our customers, helping them confidently make the most of available tax credits and maximizing their savings.  Our team of seasoned experts will take the time to explain the various tax credit programs and how each could benefit your budget. We will help you understand each one and explain which you can stack to amplify your savings. Once you have settled on the best fit for your project, we will help with the paperwork required for the rebates and incentives you chose. Whether you are considering solar panel installations for your home or business, our team is ready to assist you in navigating the complexities of tax credits and incentives.

With MB Heating & Cooling by your side, you can embark on a seamless and rewarding journey towards a cleaner, greener, and more cost-effective future with solar energy in Central Illinois. Contact us today!

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