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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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Illinois' REC program is filled and all applications will be placed on a waitlist. If you wish to block the incentive from populating on quotes, you can find block status here. |
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