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Then, applications are categorized according to a household's system size. All systems lower than or equal to 25kW AC are considered small systems. Large Systems are further divided into 5 sub-categories, with values ranging from 25-2000kW AC. Below are the subcategories for households and buildings with a large system size:
<25kW<10kW
10 - 25kW
>25-100kW
>100-200kW
>200-500 kW
>500-5000 kW
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EverBright currently has Block 5 activethe 2022-2023 rates avialble as outlined in this presentation. If you wish to block the incentive from populating on quotes, you can find block status here. |
Here's a table for reference (updated 12/14):
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What makes IL SRECs special is they offer front loads, where you can be paid 85% of the 15-year SREC value upfront on year 1 for small systems, and up to 5-year SREC value for large systems.
EverBright calculates the value of the SRECs as: Total SRECs = System Inverter Capacity kW AC * 0.1642 / 1000 kW/MW * 8760 hours/year* 15 years. From the total number of SCREs, we multiply it by the SREC rate multiplied by the 20% discount (5% collateral and 15% vendor fee).
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