Solar energy in Illinois is growing rapidly. Between 2016 and 2020, the state’s installed solar capacity is projected to increase by about 118% (to 241 MW).
This means more people are going solar, and there’s a lot of competition in the market. If you’re thinking about buying or renting solar equipment in Illinois, it’s important to be aware of the state’s legal requirements and the terms and conditions of the deals available.
Renting Solar Equipment In Illinois
In Illinois, power purchase agreements (PPAs) are legally binding contract that require a utility customer to purchase and consume electricity from a solar provider. A PPA is a great way to protect your investment in a solar farm because it’s contractually binding and holds the solar provider liable for any failures.
This liability protection encourages solar providers to build more power plants and ensure the reliable operation of existing power plants. If you’re thinking about renting solar equipment in Illinois, you must first obtain a license from the Illinois Commerce Commission (ICC).
This license allows you to purchase electricity at the retail rate instead of the wholesale rate. What this means is that you can enjoy the benefits of a solar power system without worrying about paying for the electricity at wholesale rates. This is also referred to as taking advantage of the “avoided cost” of solar energy.
It’s extremely important to seek out and consider all the legalities and potential benefits of a solar energy system before investing your precious time and money in a power purchase agreement.
Buying Solar Equipment In Illinois
If you’re looking to purchase a solar farm in Illinois and are wondering where to start your search, you’ve come to the right place. We’ll walk you through the entire purchasing process so you can understand what are the most common questions people ask when buying solar equipment, and we’ll point out some of the best places to look for what you need.
One of the first things you should consider is the size of the system you need for your home. The simplest way to find this out is by using an online calculator to determine how many kilowatt-hours (kWh) of electricity you need to sustain your daily life.
For example, if you need 16 kWh of electricity for daily living, then you should look for a 16 kW system. Don’t worry, this is an easy calculation to make and isn’t as complicated as it seems. Just input your address, country, and details about your household.
One of the most important things to consider when buying a solar system is how long you need to set up and operate the equipment. The lifespan of any piece of electronic equipment increases with time, and this is especially true for solar panels. When you factor this into your purchase decision, it’s important to choose a system that will last for years of heavy use.
If this is your first time buying anything of this nature, then it’s a good idea to consider speaking to an experienced solar professional who can advise you on the best setup for your needs. Alternatively, you can contact the company that built your system and ask them about its warranty and other relevant information.
Where should you buy a solar system? This is a common question among people who are looking to purchase a solarpower system for the first time. There are a few places you can buy power systems, both new and used, from reputable companies with excellent reputations.
These are the top 6 solar companies in Illinois. We’ve compiled a complete list with customer reviews, so you can easily find out which one is right for you.
Feed-in Tariff (FIT)
If you’re interested in purchasing a new solar panel system, then you’ll need to consider the state’s Renewable Energy Portfolio Standard (REPS) program, which requires power companies to offer customers a solar incentive. This incentive is called a Feed-in Tariff (FIT) and provides customers with a cash payment for powering their homes and businesses with solar energy.
The money from an FIT goes towards clean energy development, which means it promotes energy efficiency and renewables, such as solar and wind power. This is a great way to help reduce your carbon footprint while still enjoying solar energy’s many benefits.
The Illinois Advantage
If you’re a business seeking to purchase bulk electric service, then you’ll need to consider the state’s Power Purchase Agreement (PPA) program, which provides you with special rates that can’t be offered to residential customers. The PPA program is open to businesses of all sizes, and it provides an outstanding investment opportunity. Just remember, however, that if you choose to take advantage of this opportunity, then you must commit to purchase electric service for at least five years.
This is a great place to buy competitively priced electricity with complete legal and financial protections, as well as a low-risk, high-reward investment opportunity. Just remember, though, that a PPA is not for everyone. You must first obtain a license from the ICC and meet the state’s definition of a small business. If you qualify, then it’s a great place to invest your money.
Which Utility Company Should I Go With When Renting Solar Equipment?
One of the most important questions to ask when deciding where to buy or rent solar equipment is “Which utility company do I need to go with to be able to purchase power from them?” This is especially important if you’re renting, as you won’t have the option to select your electricity provider. When choosing your provider, make sure to go with a utility company that offers a good reputation and reliable service. It’s also important to look for a utility company that has the capacity to deliver a sufficient amount of electricity to your home.
If you’re planning on purchasing a solar system, then it’s important to do your research first and discover the best places to buy. The internet is a great source of information, and with a little effort, you can find out everything you need to know before purchasing a solar system.