In March 2016, SRECTrade participated in the third round of the Illinois Supplemental Photovoltaic Procurement Program. SRECTrade was among the eight winning suppliers of the 5-year SREC contracts awarded through the procurement program. For the Illinois Power Agency’s official announcement, please click here.
With the third and final round of the Illinois Supplemental Photovoltaic (SPV) Procurement Program under way, stakeholders are pondering what lies ahead for Solar Renewable Energy Credits (SRECs) in the State of Illinois. The bid for the Spring 2016 SPV Procurement Program (Round 3) will take place on March 31, 2016. The Illinois Commerce Commission (ICC) will issue its final decision on the results of the Procurement on or before April 6, 2016, when we will learn whether the Illinois Power Agency (IPA) spent the entire $15 million allocated for the final round. SRECTrade will publish another blog post with the results of the third round shortly after the ICC releases its decision.
For the Illinois SPV Procurement Program, the State appropriated $30 million of the Renewable Energy Resources Fund (RERF) to procure SRECs from solar photovoltaic (PV) systems energized on or after January 21, 2015. The $30 million budget was divided between the three procurement program rounds, with $5 million allocated for the first round, $10 million allocated for the second round, and $15 million allocated for the third round. The funds appropriated for each of the first two rounds were fully expended by the IPA.
What will happen next for Illinois remains indefinite. If the IPA awards $15 million worth of contracts in the final round, it is uncertain whether there will be a need for a fourth contingency event to take place in Spring 2017. Once the SPV Procurement Program comes to a close, the future of Illinois SRECs will once again destabilize. Although there is potential that solar PV facility owners could participate in other statewide Procurements, there is no long-term certainty for in-state SREC sales, as was made available by the SPV Program. Even more uncertain is whether the Illinois General Assembly will take up any energy bills this year to institute long-term solutions, either before or after the budget for FY2016 is adopted.
SRECTrade encourages PV facility owners in the ComEd utility service territory to apply for the Pennsylvania SREC market. Solar PV facility owners and installers may submit an online application to sell their SRECs in Pennsylvania by creating an SRECTrade account on our home page, and submitting an application for a new facility.
Please feel free to visit our Illinois and Pennsylvania Markets pages for more information on the SREC markets in these states.
If you have any questions about the SPV Program, you can view our introduction webinar and slides online here. You can also email us at clientservices@srectrade.com, or call us at (415) 763-7732 ext 1. SRECTrade is also happy to address inquiries pertaining to our online application and the Pennsylvania SREC Market for Illinois facility owners and installers.
TweetSRECTrade has extended the deadline to submit applications for Round 3 of the Illinois Supplemental PV Procurement Program.
The new application deadline is Friday, March 4th, 2016 at 5 pm CST.
All application materials must be received by this date. Incomplete applications, or applications submitted after this deadline, will not be eligible for the Round 3 Bid. To submit an application, please login or create an account on SRECTrade.com. Even though the application deadline has been extended, we encourage applicants to submit their applications as soon as possible so that materials can be reviewed for completeness and accuracy in advance of the March 4th deadline.
If you have any questions about the program or the application, you can view our introduction webinar and slides online here. You can also contact us at clientservices@srectrade.com, or call us at (877) 466-4606.
TweetSRECTrade’s application is currently open for Illinois solar facilities wishing to participate in the March 2016 round of the Illinois Supplemental PV Procurement Program. SRECTrade’s application for this program will close on Friday, February 19, 2016. This post is meant to serve as a friendly reminder that all systems interested in participating in this program must submit their application and “bid assurance”/collateral through our website by Friday, February 19. In order for an application to be considered “submitted” by the application deadline, the application must be complete and correct, with valid “bid assurance”/collateral, and must include all required documentation signed by the facility owner and applicant, as applicable.
To register a system with SRECTrade, please log in or create your SRECTrade account via the links on the SRECTrade home page. Once logged in to your SRECTrade account, you or your installer can “Register a New Facility” to begin the SRECTrade application. Once you provide the Proof of Energized Date and Certificate of Completion for your system, SRECTrade will obtain the Illinois and PJM-GATS registry certifications for your system. After your system is fully certified, SRECTrade will facilitate the reporting of your solar production and the brokerage of your SRECs upon their issuance. If you are successful in winning a contract under the Illinois Supplemental PV Procurement Program, SRECTrade will facilitate the management of your contract for the duration of that contract.
For additional information about the market in the State of Illinois, please visit our Illinois Markets page. If you have any questions about the application process or about the Illinois Supplemental PV Procurement Program, please contact our Client Services Team via email at clientservices@srectrade.com or via phone at (877) 466-4606 ext 1.
TweetOn January 13, 2016, SRECTrade hosted a webinar for the third round of the Illinois Supplemental PV Procurement Program. The webinar covered the following:
The application window is currently open and closes in mid February, the exact closing date is pending IPA notice. To finalize your registration please login or create an account on SRECTrade.
For access to the slides please click here: SRECTrade IL Procurement Webinar. For a video recording of the webinar, click the image below.
This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.
TweetSRECTrade will be hosting a webinar on January 13, 2016 at 1:00 PM Central (2:00 PM Eastern) for installers and system owners interested in participating in the upcoming Illinois Supplemental Photovoltaic
We encourage solar installers active in the state of Illinois to join us to learn how existing and future clients can participate in the Supplemental Photovoltaic
On October 6, 2015, SRECTrade hosted a webinar for the second round of the Illinois Supplemental PV Procurement Program. The webinar covered the following:
The application window is currently open and closes on October 21, 2015 at 5 p.m. central. To finalize your registration please login or create an account on SRECTrade.
For access to the slides please click here: SRECTrade IL Procurement Webinar. For a video recording of the webinar, click the image below.
This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.
TweetOn May 28, 2015, SRECTrade hosted a webinar for the Illinois Supplemental PV Procurement Program. The webinar covered the following:
For the presentation slides click here. To view a recording, see below:
The application and registration process opens on Friday, May 29th and will close on Thursday, June 11th. Contact us by email: clientservices@srectrade.com or by phone: 877-466-4606 with any questions.
Note: The presentation was updated to amend the bid results announcement to fall between June 24-25th; subject to notice from the Illinois Power Agency (IPA)
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