Illinois Solar Renewable Energy Credit Program

Renewable energy credit prices for the adjustable block program and the illinois solar for all program.

Illinois solar renewable energy credit program. 17 0838 approving the illinois power agency s long term renewable resources procurement plan. The initial plan was approved in 2018 and a revised plan was approved in early 2020. The adjustable block program. Illinois solar renewable energy credits srecs solar is hot in illinois.

Update april 4 2018 on april 3 2018 the illinois commerce commission issued a final order in docket no. 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 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. Illinois has two main solar policies that will have the biggest financial impact on your investment.

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