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Finally, the per megawatt rate is ultimately determined by the Block number. A specific system size is allocated for each block. The system size for the IL SREC is defined by the inverter size and is in W AC. More information on this can be found on the program FAQ. Once the system size is met based on the number of applications Illinois has received, they will close the current block and open a new block with a new and relatively lower rate.
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Case in point, Illinois is now accepting applications for Block 3 for group B for small block categories. Group A and larger block categories are currently closed. You can find the current blocks no longer accepting REC application You can find block status here. |
Here's a table for reference:
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