The Illinois Solar Energy Association offers the Renewable Energy Credit Aggregation Program (RECAP) to Illinois solar photovoltaic (PV) system owners, providing them with an opportunity to receive payment for their solar renewable energy credits (SRECs*). The program was created in 2008 to provide an additional revenue stream for small PV system owners and to support Illinois solar development.
RECAP is a partnership with Community Energy, Inc (CEI). The SRECs are used to supply the solar portion the City of Naperville Renewable Energy Program. This partnership is the first market example of SREC transactions within Illinois.
Production incentives are limited to solar photovoltaics. To be eligible for RECAP, solar PV systems must be located in Illinois, be legally grid connected. In addition, production must be tracked on a monthly or quarterly basis. Participants must be members of the Illinois Solar Energy Association, either as regular members for residential accounts, or business members for commercial accounts. They can join online at www.illinoissolar.org.
RECAP is an annual program and requires a yearly application. Applications will be assigned a randomly generated number for determining who gets funding. Applicants will be notified of how much (if any) of their SRECs will be purchased via the formal application process.
*Solar photovoltaic (PV) systems have two outputs – electricity and solar renewable energy certificates (SRECs). For every 1000 kWh (1 MWh) of solar electricity generated, one SREC is issued. SRECs are tradeable, non-tangible pollution abatement rights.
|Incentive Type:||Performance-Based Incentive|
|Administrator:||Illinois Solar Energy Association|
|Eligible Renewable/Other Technologies:||Solar Photovoltaics|
|Terms:||A maximum of 136 MWh will be accepted|
|Eligible System Size:||10 kW or less (AC)|
|Ownership of Renewable Energy Credits:||RECs are sold to ISEA|
|Sectors:||Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Institutional|
|Parameters:||The incentive is 75.00 $/MWh, The system has a minimum of 10.00 kW-AC|
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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