A tool designed for the Illinois solar market helps estimate the potential financial returns from generating Solar Renewable Energy Credits (SRECs). This estimation typically involves inputs like system size, location, and expected energy production, factoring in the current SREC market price and applicable state regulations. For instance, a user might input a 5-kilowatt system in Springfield to project potential SREC revenue over a given timeframe.
Such tools are crucial for stakeholders in the Illinois solar industry. Developers, installers, and potential system owners can leverage these estimations to assess project feasibility and understand the long-term financial viability of solar investments. This informed decision-making supports the growth of renewable energy within the state, driven by the Illinois Power Agency’s Adjustable Block Program. The program’s history and evolution have directly influenced the demand and value of SRECs, making accurate estimation tools essential for navigating this dynamic market.