|Program Type||Performance-Based Incentive|
|Amount||$0.135 per kW hour generated. Maximum of $22,950|
|Required Documentation||Illinois Solar Energy Association (ISEA) membership in good standing and an Annual application|
|Official Web Site||http://www.illinoissolar.org/RECAP|
ISEA offers member with photovoltaic systems its Renewable Energy Credit Aggregation Program (RECAP). Under the RECAP program, members are able to receive payment for SRECs by generating a megawatt hour, 1,000 kW hours, of electricity with their PV system. As of 2009, enrollees received $65 for each SREC they produced. Applicants are notified at the beginning of the year how much they will be credited for their production capacity.
To be eligible, enrollees must submit a yearly application and maintain a membership in ISEA. The program is limited to installed PV systems up to 10 kW in size; the PV system must be located in the state of , and the system’s production must be tracked on a monthly basis.
RECAP was created through a partnership with Community Energy, Inc. and the state’s solar energy association. According to ISEA, “ISEA members SREC’s are used to supply the solar portion of the award winning City of Naperville Renewable Energy Program. This partnership is the first market example of SREC transactions within Illinois.”