After much anticipation, the Illinois Department of Commerce and Economic Opportunity (ILDCEO) released on Friday, October 22, 2010, the Solar & Wind Energy Rebate Program for Fiscal Year 2011. Eligible Illinois applicants include homeowners and businesses can apply for rebates equal to 30% of total project cost; public sector and non-profit entities may apply for 50% of total project.
The maximum rebate is $50,000 per application. The ILDCEO program, when combined with available Federal incentives offsets a substantial portion of the upfront costs associated with long-term solar energy savings and investment returns.
Although the States’ announcement indicated the program is scheduled to run through April 30, 2011 or when funds run out. The latter is a more realistic expectation interested parties should have. The Fiscal Year 2010 Program Budget was fully awarded in less than three months due to the overwhelming response.
Applicants are strongly encouraged to respond quickly due to the anticipated demand. It is speculated funds will expire in much shorter time period presenting only a limited window of opportunity to take advantage of the program.
Uptown Solar is very experienced with the program and fully understands the urgency for customers to respond rapidly in an effort to take advantage of the funding opportunity.
Uptown Solar is headquartered out of the Chicago area and is a turnkey solar distributor and systems integrator, supporting all eligible sectors in the rebate program; residential, commercial, public, and non-profit customers. Uptown Solar understands the value proposition of solar energy production and how to navigate the channels required to take full advantage of available grant funding.
In most cases, clients have the remaining portion of the system costs covered by Uptown Solar’s innovative financing program, often requiring no money down.
Melinda Kershaw, National Sales Manager for Uptown Solar quoted “We are excited to see the state of Illinois take a leadership role in the support of local incentives for renewable energy that will not only have a positive financial impact for participating applicants,” Kershaw says. “But, also assists the State in achieving its renewable energy goals and reducing our environmental footprint. “
Contact Uptown Solar today to learn more about this time sensitive opportunity and the limited available rebates in the Chicago metropolitan area.
Uptown Solar Chicago is locally operated with headquarters based in Chicago, Illinois; and is a turnkey solar distributor and systems integrator of only the best of class solar technologies. As an Authorized Distributor of Lifeline Energy USA, Uptown Solar Chicago has access to the most advanced products available to meet the needs of public, private sector enterprises, and residential.
The company goal and objective is to be a premier supplier of solar electric products with the least cost, highest quality and long term reliability for a variety of solar applications to their customers. Uptown Solar has helped protect energy consumers from the volatile power grid and rising energy costs by incorporating innovative renewable energy and financing solutions into new and existing infrastructure.
Uptown Solar Chicago leads residential, corporate, non-profit, and public sector clients toward a better energy future. Uptown Solar understands that giving back to the environment and ultimately the community at large through education is a vital role to its success. Working closely with communities in Illinois, Uptown Solar Chicago helps educate homeowners and business owners in the local community on the benefits of renewable energy and help them take advantage of federal, state, and local incentives.