Illinois Community Solar Subscription Agreement: A Step towards Cleaner Energy Future
Renewable energy sources such as solar, wind, and hydro are becoming increasingly popular as people strive to reduce their carbon footprint and address climate change. However, not everyone can install solar panels on their homes or businesses. That`s where community solar comes in.
Community solar refers to a solar power plant that is shared by multiple users who each receive a portion of the electricity generated. This allows people who may not be able to install solar panels due to various reasons such as lack of roof space or ownership, shading, or upfront costs to access the benefits of solar energy.
Illinois is among the states that have recognized the potential of community solar in promoting renewable energy and has been promoting the development of community solar projects through various policies and initiatives. One of the critical tools that have been used to support community solar development in Illinois is the Community Solar Subscription Agreement.
What is a Community Solar Subscription Agreement?
A Community Solar Subscription Agreement is a legal agreement between a solar project developer and a subscriber. It allows the subscriber to lease or purchase a share of the energy produced by a community solar project. The subscriber then receives credits on their utility bill for the electricity generated by their share of the project.
The subscription agreement outlines the terms and conditions of the arrangement, such as the duration of the agreement, the amount of energy to be produced, the price per kilowatt-hour, and any applicable fees or penalties.
Why is the Illinois Community Solar Subscription Agreement important?
The Illinois Community Solar Subscription Agreement is significant in promoting community solar development in the state. This agreement provides a framework for residents, businesses, and municipalities to participate in community solar projects, which in turn supports the state`s renewable energy goals and creates economic opportunities.
Illinois` Future Energy Jobs Act (FEJA) has set a goal for the state to generate 25% of its electricity from renewable sources by 2025, with at least 4% coming from solar energy. The state also aims to install 666 MW of community solar systems by 2025. The Community Solar Subscription Agreement is a critical tool in achieving this goal by providing a streamlined process for subscribers to participate in community solar projects.
How to participate in a community solar project in Illinois
If you are interested in participating in a community solar project in Illinois, the first step is to find a project near you. You can search for available projects on the Illinois Power Agency`s website or through community solar developers` websites.
Once you have identified a project, you need to sign a Community Solar Subscription Agreement with the project developer. The agreement outlines the terms and conditions of your participation in the project, including the length of the agreement and the price of the electricity generated by your share of the project.
After signing the agreement, you will start receiving credits on your utility bill for the electricity generated by your share of the project. The credits will be applied to your bill according to the terms of the agreement.
The Illinois Community Solar Subscription Agreement is an essential tool in promoting the development of community solar projects in the state. This agreement provides a framework for residents, businesses, and municipalities to participate in community solar projects, thereby supporting Illinois` renewable energy goals and creating economic opportunities.
If you are interested in participating in a community solar project, consider signing a Community Solar Subscription Agreement with a project developer near you. By doing so, you will be taking a significant step towards a cleaner energy future while saving money on your utility bill.