Top 10 Solar Panel FAQs in Illinois 2023
Top 10 Solar Panel FAQs in Illinois. At Green Home Makeover, we get asked a lot of questions by homeowners who are thinking of getting solar panels, but aren’t quite sure about the ins and outs.
That’s why we’ve put together this list of the 10 most commonly asked questions, so that you can have the answers at your fingertips.
- What Happens If I Sell My Home?
The answer to this question is dependent on the following factors:
- If you are leasing your solar system¹
- If you purchased the solar system that was installed
- What Happens If I Sell My Home And I Am Leasing Solar Panels?
If you install a solar panel system under a leasing agreement with Green Home Makeover and you decide to sell your home, the lease is transferred automatically to the new homeowner, at no cost to either you or them.
- What Happens If I Move And I Have Paid For My Solar Panel System?
If you have paid for a solar panel system to be installed on your home and you decide to move elsewhere, the ownership of the solar panel system transfers to the new owner.
However, in most cases you will not be out of pocket for what you paid for the installation, as a solar panel installation typically increases the value of a home by around $15,000, which is roughly what a system costs.
2. How Much Will I Save By Getting Solar Panels in Illinois?
The answer to that question is dependent on factors², such as your annual energy consumption and your roof specifications. During the consultation, we will be able to provide you with a clear estimate of how much you will save, based upon this information.
3. What Happens If A New Technology Comes Out?
The fact of the matter is, there’s always new technologies coming out. The real question is: is now the time to get solar panels?
Currently, due to the incentives available to homes that decide to make the move to solar energy, it’s never been cheaper to get solar panels – but these incentives won’t go on forever.
In addition to this, labor costs and interest rates are going up, which will increase the cost of getting solar panels at a future date.
Therefore, while you might be able to benefit from a newer technology by getting solar panels at a later date, you are unlikely to be able to enjoy the same level of savings from your system overall.
4. Will I Lose Power If The Utility Grid Goes Down?
The answer to that question is dependent on whether you have a backup battery. If you have a backup battery installed with your solar panel system, you will continue to have power during an outage.
If you don’t have a backup battery installed with your solar panel system, you will use power during an outage as it wouldn’t be safe for you to be feeding electricity into the grid during an outage.
5. What Happens If I Change My Roof When I Have Solar Panels?
If you change your roof, our installers will come and remove the solar panels, store the system and then return to re-install it on the new roof.
If the new roof is being installed due to damage, the insurance will usually cover the cost of the installer. If the roof change was a personal choice, a fee is charged for the removal, storage and installation.
6. What Happens If A Solar Panel Fails?
In the event of a solar panel failure, a workman will come out and remove the panel and it will be returned to the manufacturer to be repaired.
Unlike many providers, we provide our customers with a lifetime workmanship warranty, so the labor costs will be covered by this. In addition, our SunPower solar panels come with a 25 year warranty³.
Furthermore, in the event of a solar panel failure, if you are leasing your system then you will be covered by our Power Production Guarantee and we will compensate you for the loss of power generation until the panel has been replaced.
7. What Happens At The End Of A Lease Term?
If you are leasing your solar panel system, once the 20 year lease period is complete, you have 3 options. They are:
- You can have the installer come and remove the solar system, and return the roof to its original condition.
- You can renew, and get a new system at a discounted price, due to being an existing customer.
- You can choose to purchase the solar panel system, following a third party appraisal.
8. How Can I Make Sure My System Is Producing Power?
Once your solar panel system is installed, you can monitor how much power it is producing in the following ways:
- You can download the SunPower app to monitor your solar panel system on your phone.
- You can monitor the solar panel system by the interface on the solar inverter.
- You can monitor the power being produced by looking at the credits you have on your utility bill.
9. Will I Qualify For Federal Solar Investment Tax Credits?
Unfortunately, as solar consultants we’re not qualified to answer questions regarding your eligibility for tax credits. Every home is different – some homes qualify, and others may not – it depends on your situation.
To ensure that you know whether or not you’re eligible before purchasing a solar panel system, you should always speak to your accountant and they will be able to offer you an informed answer as to whether you qualify for the Federal Solar Investment Tax Credits⁴.
Be aware – if you are retired or you don’t pay federal taxes, there’s a big chance that you won’t be eligible – so you should always check with your accountant before purchasing a system. Top 10 Solar Panel FAQs in Illinois.
10. What Are The Illinois State Incentives?
There are two solar incentives⁵ for solar in Illinois. They are:
- The Illinois Shines Solar Renewable Energy Certificates (SRECs)
- Solar Net Metering
Solar Renewable Energy Certificates
Under the Illinois Shines program, you can generate Solar Renewable Energy Certificates⁶ (SRECs). Several states have SRECs programs. They are:
- New Jersey
- District of Columbia
The SRECs system has nothing to do with income – it’s solely dependent on the size of the system installed. The SRECs rebate can be up to 25% of the total cost of the system, and is paid in a lump sum. Top 10 Solar Panel FAQs in Illinois.
Solar Net Metering
Illinois currently operates on a solar net metering agreement of a ratio of 1:1. This means that you generate a utility credit worth 1kWh for every kWh that your solar panel system feeds into the grid.
In other states that used to have a 1:1 solar net metering arrangement, this has been reduced so that homes with new installations only generate utility credits worth 75% of the energy fed into the grid.
In these other states, homes that were operating under the 1:1 agreement have been grandfathered in, so they still operate under their original agreement terms.
For this reason, it’s clear that from a financial perspective, going solar sooner rather than later makes more sense. Top 10 Solar Panel FAQs in Illinois.
Thinking Of Getting Solar Panels? Go With Green Home Makeover
At Green Home Makeover, we specialize in making our customers’ solar dreams become a reality, rather than being a headache.
We manage every aspect of your solar project, from A to Z, so that you don’t stumble over any of the hurdles or get caught up in all the red tape
If you’re interested in getting solar panels or would like more information, contact us today for a free, no-obligation consultation and quote. Top 10 Solar Panel FAQs in Illinois.
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