As a result, new incentive blocks will open for residential, commercial, and community solar with the first funding block opening on December 14, 2021. The Illinois Power Agency has been offering workshops and training solar companies on how to apply with the new system. CEJA also sets out ambitious new renewable energy standards, calling for 40% renewable energy by 2030 and 50% by 2040.
This DG+ Illinois Solar Market Report provides an overview of the status of the new solar incentives, projected solar growth, and a breakdown of the market leaders.
In early 2021, the solar industry in Illinois had experienced what is referred to as a boom and bust. After lucrative incentives from FEJA had dwindled, solar installations had rapidly slowed down, in particular community solar. With CEJA, the community solar market is expected to continue on an upward trajectory. In 2022, the state is expected to offer financial incentives for the installation of 250 MW of community solar projects and open waitlists for additional projects.
Thanks to CEJA, funding for the Illinois Solar for All Program has also increased from $10 million to $50 million to further incentivize solar development in low-income communities.
With the COVID-19 pandemic and FEJA incentives drying up, Illinois experienced a slight downturn in its solar workforce, reflecting a 4.6% drop between 2019 and 2020. Nonetheless, Illinois continues to be amongst the top 15 states for job opportunities in the solar energy sector and the CEJA will likely result in a significant upturn over the coming years.
Solar PPA prices in Illinois are some of the lowest in the nation due to the robust incentives offered by the new Climate and Equitable Jobs Act (CEJA). Notably, CEJA requires utilities to pay eligible solar owners a rebate of $300 per kilowatt (kW) of installed capacity for net metered projects and $250 per kW of installed capacity for community solar projects.
This DG+ Illinois Solar Market report includes estimated solar PPA pricing across varied project sizes and utility service territories.
As local markets change dynamically and policies remain difficult to navigate, clean energy organizations are currently forced to choose between the overwhelming flow of free information and high-priced market intelligence subscriptions that are often too expensive for small- and medium-sized firms.
At DG+, we provide succinct information that cuts through the noise and gets to the point. Reports include details on current events, opportunities and challenges, policy summaries, pricing analysis, and market share data.
This DG+ Illinois solar report provides an overview of the status of all available solar incentives, projected solar growth, and a breakdown of the market leaders.
Simply add the products that you wish to purchase to your cart. Upon successfully checking out, you will receive a link to download each report as well as an email confirmation (with download links).
You do not need a subscription to access DG+ research products. Simply choose the products that you would like to purchase and check out by clicking on the cart in the upper right portion of your screen.
At this moment, we do not have an online subscription for purchase. If you are interested in such a model, please contact us at research@dgplusdesign.com.
We plan to release new reports each quarter. These reports may include updated versions of existing products or they will include new topics.
Yes, we provide tailored market research and intelligence reports for businesses, educational institutions, policymakers, and more. To learn more, email research@dgplusdesign.com.
By purchasing a report, you receive a non-exclusive, non-refundable, and non-transferable license that allows you to share the report within the same organization. You agree not to permit any unauthorized use, reproduction, distribution, or transmission of the information within this report without the express written permission of DG+.
After you have purchased a report from DG+, you can request a refund within 5 days of receipt if you are unsatisfied for any reason. Please contact us at research@dgplusdesign.com and we will gladly refund you 100% of the purchase price. For more information, view the DG+ Store Terms of Use.
We always appreciate hearing from interested individuals. Please email research@dgplusdesign.com to provide any feedback on our research products or to suggest a report topic.
Simply fill out the form, book a meeting with us, or contact us directly. We're looking forward to hearing from you!
DG+Design is a marketing and creative agency with a focus on clean energy and sustainable brands. Our work is founded on the passion to uniquely combine clean energy expertise, creative skill, and marketing strategy to provide unrivaled value.
750 N San Vicente Blvd. Suite 800 West
West Hollywood, CA 90069
hello@dgplusdesign.com
DG Plus Design LLC © 2022.
All rights reserved.
