If you are interested in converting your property to solar energy, you may be wondering what is the Illinois Shines program? The state of Illinois created the program as an incentive for homeowners, farm owners, or businesses like yours to switch to renewable energy. This solar policy will have a significant financial impact on your investment in solar energy. Please continue reading to find out more details about the program.
Illinois Shines is the official name of the adjustable block program created by the state of Illinois to encourage a conversion from electricity to solar panels. With this program, you can receive one solar renewable energy credit (SREC) for each megawatt hour (MWh) of electricity produced by solar panels you own. Why is that important? You can sell these credits back to utility providers to create big savings over your current energy costs on the grid. On average, a residential solar system over a 20-year span can help a homeowner save between $21,500 to $29,000.
Often, people want to know about how to earn SRECs when they ask what is the Illinois Shines program? For starters, you need to shop local solar companies to get the best deal you can find on solar panels. Once you choose a provider, they will help ensure that your system is eligible to earn SRECs. However, payments for the SRECs will get worked out through an approved vendor. Therefore, it is important for you to pick the right solar company that works with the best vendors to make the process of receiving payments on SRECs quick and easy.
Solar panel owners obviously do not want to wait a long time to receive payments on their SRECs. Under the Illinois Shines program, utility companies are required to issue SREC payments each economic quarter of the year. Therefore, you can expect to receive four payments each year. Typically, you can expect to receive your first payment within a year of your system’s installation.
If you own a farm or business, you may wonder whether your company or agribusiness will quality for SRECs. Like residential property owners, small businesses and nonprofits can work with an approved vendor to qualify for the Illinois Shines program. In addition, eligible nonprofits, farms, and businesses can apply for Illinois Solar for All, a program that aims to make to the benefits of renewable energy accessible to more customers through program incentives.
If you are asking what is the Illinois Shines program, then you are likely interested in purchasing solar panels. So, you will want to work with the best solar panel company in Central Illinois. Sun Collectors prides itself on educating customers about the benefits of solar conversions. In addition, we help all our customers understand the available incentives and tax rebates they can receive.
We take pride in making solar for homes, solar for farms, and solar for businesses accessible to more customers. With that in mind, we provide no money down financing to help eliminate concerns about large upfront costs when purchasing solar panels. Also, we offer plans starting as low as $49 per month. Between the approved vendor and us, we cut through all the red tape so you can sit back and relax, knowing that you’ve made the right decision. In addition, we help our customers to receive all of the following attractive benefits:
You do not need to take our word about the value of our services. We invite you to browse through customer reviews that speak to the quality of our company. Then, you can join our growing group of satisfied customers across Central Illinois. We have helped customers to install more than 3,204 solar systems, saving our customers over $384 million in energy costs. Let us help you experience the many benefits you can receive from converting to renewable energy.
