Rainy Solar is a Utility Scale Community Solar Company created to fully realize local, state, and federal incentives and credits under Illinois newly enacted FEJA (future energy jobs act) laws. Currently producing over 2% of total IL total solar power commercially. Will be the very first commercial community solar system in the state ABP (adjustable block program) to launch.
Kw Energy Created Company Wide - 8,630/Day
Dollars Saved - $517.80/Day
Illinois Solar Programs Rainy Solar Specializes In
Solar Renewable Energy Credits (SRECs)
Illinois’ renewable portfolio standard (RPS) means the state is committed to producing 25 percent of its electricity from renewable resources by 2025. That’s an ambitious goal, and to make it happen, the state has a program that rewards homeowners for helping Illinois reach that target. For each megawatt hour (MWh) of electricity your solar system produces, you will be granted one Solar Renewable Energy Credit (SREC) that you can then sell in the market, creating a nice income stream for the life of the system.
Illinois net metering
Thanks to Illinois’ net metering policy, your utility will buy back any excess electricity your solar system produces. Net metering ensures that you benefit from the full value of your solar panels and is a great way to balance out your electricity production and consumption, which do not always happen at the same time. Commonwealth Edison offers the top utility net metering program in Illinois.
ComEd commercial solar rebates
ComEd, one of IL’s largest utility companies, provides rebates for commercial and industrial (C&I) customers to help decrease the out-of-pocket costs of installing solar. If you’re a ComEd customer and install solar on your business, you’re eligible for $250 per kilowatt (kW) of installed solar power. To receive the rebate, your solar panel system cannot be larger than 2,000 kW in capacity.
The Investment Tax Credit: another great Illinois incentive
Not only does the state of Illinois want to help you go solar –the federal government does, too. In addition to the policies mentioned above, you can reduce the cost of your solar energy system by 30 percent with the federal Investment Tax Credit (ITC).