Illinois Solar Renewable Energy Credit 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.

Illinois solar renewable energy credit program.

Illinois is one of just a few states that pay you to generate clean electricity from solar and wind renewable energy systems. Top solar programs in illinois. Illinois solar renewable energy credits srecs solar is hot in illinois. 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 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. Renewable energy credit prices for the adjustable block program and the illinois solar for all program. Illinois has two main solar policies that will have the biggest financial impact on your investment. The initial plan was approved in 2018 and a revised plan was approved in early 2020.

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