Millennium Solar Grid-Tied Solar Systems.
Grid tied systems do not use batteries! The panels work by producing DC power during sunlight hours and converting it to AC power through an inverter. The inverter then feeds the load required by the home, before pushing the remaining AC power through a “net meter” out to the grid.
Net meters are provided by your utility company when you install the system. The net meter is a bi-directional electric meter that spins forward as usual when you are using more power in your home than you are producing with your panels (at night, for instance), and spins BACKWARD when you are producing more electricity than you are using in your home. This is how you generate credits with your utility!
Millennium Solar Solar Systems come with everything that you need except installation costs, wire and an electrical disconnect switch.
Illinois Solar Tax Credit
The federal government is making it more affordable for customers to install solar. If you buy your panels, you’re able to cash in on a 30 percent tax credit. While this isn’t available for those who lease, have solar PPAs, or sign up for financing.
Tax incentives offered in Illinois can make going solar even more affordable:
Property tax break
Worried about your property tax bills going up because of the value your solar system will add to your home? Don’t be. The Special Assessment for Solar Energy Systems means that you will be taxed as if the panels were not even there.
The Investment Tax Credit: another great Illinois incentive
Not only does the state of Illinois want to help you go solar –the federal government does, too. In addition to the policies mentioned above, you can reduce the cost of your solar energy system by 30 percent with the federal Investment Tax Credit (ITC). Keep in mind that the ITC applies only to those who buy their system with a cash purchase or solar loan, and that you must have enough income for the tax credit to be relevant (though of course the credit can be split over multiple years).