Illinois Solar Renewable Energy Credit Program

Update april 4 2018 on april 3 2018 the illinois commerce commission issued a final order in docket no.

Illinois solar renewable energy credit program.

The illinois adjustable block program is an incentive program that supports the development of new solar systems in illinois through the purchase of renewable energy credits or recs. The initial plan was approved in 2018 and a revised plan was approved in early 2020. Top solar programs in illinois. The incentive is called a solar renewable energy credit srec and it s administered by the illinois shines program.

It enables the sale of recs produced by solarsystems to illinois utilities. Illinois renewable portfolio standard rps means the state is committed to producing 25 percent of its electricity from renewable resources by 2025. Solar electric system owners now have the opportunity to sell what s known as the solar renewable energy credits srecs their solar array produces. The sale of these srecs will allow solar owners to recover part of the initial price tag if they participate in the illinois adjustable block program.

Illinois is one of just a few states that pay you to generate clean electricity from solar and wind renewable energy systems. Illinois has two main solar policies that will have the biggest financial impact on your investment. Illinois solar renewable energy credits srecs solar is hot in illinois. The agency s activities related to the development of new renewable resources to support the illinois renewable portfolio standard are guided by the long term renewable resources procurement plan.