Illinois Solar Renewable Energy Credit Program

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. The incentive is called a solar renewable energy credit srec and it s administered by the illinois shines program. Update april 4 2018 on april 3 2018 the illinois commerce commission issued a final order in docket no.

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Illinois renewable portfolio standard rps means the state is committed to producing 25 percent of its electricity from renewable resources by 2025.

Illinois solar renewable energy credit program.

Top solar programs in illinois. Renewable energy credit prices for the adjustable block program and the illinois solar for all program. 17 0838 approving the illinois power agency s long term renewable resources procurement plan. 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 initial plan was approved in 2018 and a revised plan was approved in early 2020. 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.

The adjustable block program. Solar electric system owners now have the opportunity to sell what s known as the solar renewable energy credits srecs their solar array produces.

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