Illinois Solar Renewable Energy Credits (SRECs)
& Illinois Shines Program
In Illinois and other select states, SRECs provide an outstanding solar incentive that helps an owner recoup a solar system’s investment. SRECs have been created to help States meet Renewable Portfolio Standards (RPS) which set goals for generating a percentage of that states overall electricity from renewable energy. In Illinois, for example, the Illinois Shines Programs administer SRECs, which can potentially cover 20% to 40% of the total solar investment.
Typically, one SREC equals 1,000 kilowatt-hours (kWh) of solar energy generated. SRECs accrue as solar electricity is generated, and are typically paid out quarterly or other interval defined by each State.
To learn more about SRECs, click here!