We can educate you on all the current state rebates and credits around the red hot SREC program, exclusively available in Illinois. The second 10 years of SRECs is a fixed 35$ Illinois: Illinois is also a fixed amount, however SRECs can differ in price depending on when you go solar. For reference, a residential solar project in Illinois is usually around 7kW and would be considered a small DG project. Illinois SRECs are sold at a fixed price which is determined by contracts, rather than the variable market prices of the old SREC program. As of the time of writing, each SREC in IL is worth approximately $72. RECs are sold by your Approved Vendor to the contacting utility over a 15 year contract. The Final 2022 Long-Term Renewable Resources Procurement Plan is available here. The overall Illinois Shines program address three areas: Distributed Generation, or DG for short refers to behind the meter solar systems intended to generate electricity for the home or building they are connected to. Lastly, net energy metering doesnt cost you anything to apply for, and it takes virtually no time investment either. Once you determine your block group and the size of your installation (most home solar systems will qualify as a Small DG), you can use this chart from the Illinois Power Agency below to understand how much your SRECs might be worth. Illinois Shines SREC Program Gets New Funds for 2022 - Zenernet Use the. SRECTrade | SREC Markets Read our updated article on the cost of solar panels to compare solar costs across states and by panel brand. These payments to your Approved Vendor will help offset the cost of your new PV system or your community solar subscription. In the chart below, well include a breakdown of all of the incentives and rebates you can take advantage of as a solar customer in Illinois. Large Distributed Generation Large DG): A distributed generation system larger than 10 kW, up to 2 MW. . The program lasts for 15 years after you install your photovoltaic (PV) equipment.
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