Chicagoland residents can save hundreds of dollars using rebates offered from utility companies like Peoples Gas, North Shore Gas, NICOR and ComEd. Below is a summary of what kind of rebates and discounts you can expect in 2021.
Federal Income Tax Credits for Energy Efficiency
Tax credits for residential energy efficiency have now been extended retroactively, through December 31, 2021. The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also been retroactively extended, through December 31, 2021.
The tax credits for residential renewable energy products are still available through December 31, 2021. Renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.
Use up to 30% less energy in your home by outfitting it with ENERGY STAR certified products, available across more than 75 categories. ENERGY STAR certified products are independently certified save energy, save money and protect the environment.
*Disclaimer: The tax credit information contained within this website is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS).
Click Here for ENERGY STAR information.
Click Here to visit the ComEd website to get the most up to date rebate info.
Peoples Gas: The Peoples Gas Natural Gas Savings Program offers incentive programs to customers to encourage them to make energy-efficient improvements to their homes and apartment buildings in the Chicago-area. Additionally, Peoples Gas offers a loan program to finance a project; click here for details. Below are the specific options currently available:
North Shore Gas: The North Shore Gas Natural Gas Savings Program also offers incentive programs to customers to encourage them to make energy-efficient improvements to their homes and apartment buildings in the Northern suburban Chicago area. Additionally, North Shore Gas offers a loan program to finance a project; click here for details. Below are the specific options currently available:
NICOR Gas: Residential NICOR Gas customers may be eligible for cash rebates for their purchase and installation of high-efficiency gas furnaces, boilers, water heaters and energy-efficient home improvements. As with all of these rebates, they’re determined by the program requirements, system’s efficiency rating and when the system was purchased and installed; click here for a complete rundown of program requirements. Below are specific programs from NICOR:
American Weathermakers is committed to helping you find and use rebates to save you money and conserve energy. Your American Weathermakers technician can assist you in selecting the best product for your home and deciding which heating and air cooling system to buy so you can take full advantage of these rebate opportunities. Call us at 847.509.2024 if you have any questions about rebates for your next home improvement project.
All rebates are consumer funded, paid through your utility bill.
Rebate amounts change throughout the year.
Always double check current rebate amount and eligibility to ensure rebates are issued.