Illinois to procure solar RECs
Governor Pat Quinn has signed a bill into law that requires the Illinois Power Agency (IPA) to use up to $30m to procure renewable energy credits from new or existing solar PV facilities from within the state.
The measure is effective immediately. Co-sponsors of the bill say it will help jump-start solar energy development in Illinois.
House Bill 2427 requires to the extent available that IPA obtain 50% of the RECs from distributed solar devices of less than 25kV nameplate capacity, a move aimed at helping promote residential panel installations.
Distributed solar energy contracts must be a minimum five years and IPA needs to use third parties to aggregate the power from these multiple sources.
IPA will use money for the program from its Renewable Energy Resources Fund financed by clean energy fees paid by state power suppliers.
IPA develops procurement plans at the lowest total cost for residential and small commercial customers of utilities Ameren and ComEd.
Illinois on 31 March had 52MW of installed solar generation capacity, according to Quinn’s office.