Changes in Solar Incentives and Utility Rates in Illinois
Overview
- Net Metering Changes: As of January 1, 2025, Illinois introduced changes to its net metering system. Homeowners who install solar panels after this date will receive a reduced net metering benefit compared to those who installed before. This means credits for excess energy sent back to the grid will be valued at a lower rate than the cost of electricity purchased from the grid.
- Full Benefits for Early Installers: Homeowners with solar panels installed before December 31, 2024, will continue to receive the original net metering benefits, including a full credit for excess energy provided to the grid.
- Rebates and Other Incentives: Utilities may offer rebates, such as $300 per kWh for installed storage under the new Smart Solar Billing method.
- Renewable Energy Credits (RECs): The Illinois Power Agency is updating REC prices to ensure they provide adequate incentives for solar participation in programs like Illinois Shines and Illinois Solar for All.
Changes in Solar Incentives and Utility Rates in Missouri
The search results did not provide specific information on changes in solar incentives and utility rates in Missouri. However, it’s common for states to adjust policies and incentives as they phase in new energy regulations. For Missouri residents, it is recommended to check with local energy authorities or utilities for updates on specific changes, as these can often align with broader regional or national trends in renewable energy policy.
In general, states may adjust net metering laws, offer rebates for solar installations, or modify utility billing structures to accommodate growing solar adoption. If you’re considering solar in Missouri, contacting state energy departments or local solar advocacy groups can provide more detailed insights into current and upcoming incentives.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-changes-are-expected-in-solar-incentives-and-utility-rates-in-illinois-and-missouri/
