Get the Most of Your Investment with Illinois Solar Incentives
The perks of going solar are overwhelming—from businesses to the community all the way down to your energy bill, there’s no better time to take advantage of Illinois’ solar incentives.
Want to learn more about Illinois solar benefits? We’ve got you covered. We’ve rounded up all the savings that you could be eligible for when you buy your own home solar system today.
Illinois offers two very important solar incentives that put you on the path towards energy independence and even bigger savings: the Adjustable Block Program and net metering.
Illinois Adjustable Block Program
Illinois is one of a handful of states that offer a comprehensive program allowing solar system owners to earn cash for the solar power they produce through the Adjustable Block, or AB, Program.
The Illinois Adjustable Block Program is an incentive program that supports the development of new solar photovoltaic (“PV”) systems in Illinois through the purchase of Renewable Energy Credits, or RECs. It allows for the sale of RECs produced by PV systems to Illinois utilities. Payments vary depending on the size of the system and where it is located.
Illinois requires 1.5% of its electricity to come from solar. This means solar panel owners can sell the power they produce in the form of RECs in order to help utilities to reach this goal. A REC is created for every megawatt hour of electricity produced by a solar generator. The power your panels produce are given ‘Energy Credits’ that earn you cash.
Under the AB Program, RECs are sold at fixed prices, giving you you more consistent payments for your power over time. The amount you earn for your SRECs will depend on a number of factors including block capacity, solar installation size, and utility. The Adjustable Block Program is now open, but hurry—blocks fill up fast. The sooner you apply, the more you’ll earn back when you go solar.