A few years ago, the state was considered an emerging solar market for its forward-thinking solar incentive programs. However, incentives have dwindled, and solar installations are slowing down.
The Future Energy Jobs Act (Senate Bill 2814) is one of the most significant pieces of clean energy legislation that has ever been passed in the Illinois General Assembly. It was enacted in 2016, after two years of negotiations between companies, consumer advocates, and environmental groups. The act enabled a $30 million investment into workforce development for the clean energy industry over a 12 year period and also committed up to $750 million for low-income communities to benefit from clean energy.
Since FEJA has been implemented, the state has seen immense growth in the solar jobs industry. However, it has experienced a slight downturn during the pandemic, with -4.6% job growth between 2019 and 2020. Nonetheless, Illinois continues to be amongst the top 15 states for job opportunities in the solar energy sector.
FEJA also established Illinois’ first community solar program. The bill required the Illinois Power Association to administer the development of 400 MW of community solar capacity in the state by 2030. In 2018, the state started approving the first community solar projects through a lottery system called the Adjustable Block Program. Since then, program capacity has been filled and new community solar project applications are being put on a waitlist. However, Illinois Solar for All, a program serving solar development in low-income communities, is still accepting applications for community solar projects. The Solar For All program ensures that low-income community solar subscribers only have to pay up to 50% of the value of the energy generated by a project.
In addition, the state’s current adjustable block program for regular onsite solar, called Illinois Shines, is also currently on hold as all blocks have been filled.
Due to the inconsistency of available incentives for solar, power purchase agreement (PPA) prices vary in favorability in Illinois. While smaller system PPA prices are less promising, they are more competitive for larger systems.
Nonetheless, major solar developers continue to have a strong presence in Illinois. As of Q3 2021, Vivint Solar/SunRun frontlines the residential solar leaderboard, with 36% market share. Among the top ten in this category also include Tesla, SunPower, and Summit Solar.
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 email@example.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 would be happy to provide a sample report for you. Simply send an email to firstname.lastname@example.org.
Yes, we provide tailored market research and intelligence reports for businesses, educational institutions, policymakers, and more. To learn more, email email@example.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+.
We always appreciate hearing from interested individuals. Please email firstname.lastname@example.org 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!