Updated January 17, 2024: The Program Administrator has updated the Community Solar and Residential Solar sub-programs’ budget amounts for the “Available Rollover from PY5-Utility” Funding Source. The Non-Profit and Public Facilities sub-program budget remains the same.
The Program Administrator has published the Illinois Solar for All sub-program budget amounts for the 2023-2024 program year. The sub-program budget amounts are prorated across the sub-programs according to the Renewable Energy Resources Fund (RERF) allocation percentage under the law. The Adjusted RERF Budget for each sub-program is calculated by subtracting its allocated expenses from its initial RERF allocation.
The total 2023-2024 program year funds for Renewable Energy Credit (REC) incentives within each sub-program include any unallocated funds from previous program years plus the RERF budget and utility funds budget. Several Illinois Solar for All: Residential Solar (Small and Large) projects and one Illinois Solar for All: Community Solar project are still awaiting ICC approval. Although they’ve yet to be approved, those projects were included in this budget to ensure that any changes will result in additional funding being available, not a decrease in funding.
Once final project review and subsequent ICC approval have occurred for all Program Year 5 projects, the Program Administrator will publish an updated budget.
As described in the Illinois Power Agency’s (the Agency) 2022 Long-Term Renewable Resources Procurement Plan, the Agency will hold the initial budget allocations for the Residential Solar (Small and Large) sub-programs for the first nine months of the program year. At that time, the two sub-program allocations would combine to be used on a first-come, first-served basis by projects of either sub-program.
For each program year, 25% of each sub-program budget will be reserved for Environmental Justice Community projects and Energy Sovereignty projects. However, these 25% carveouts are not earmarked for RERF or utility funding.
| Funding Source | Non-Profit and Public Facilities | Community Solar | Residential Solar | ||||
|---|---|---|---|---|---|---|---|
| Percentage of Funding | 25% | 40% | 35% | ||||
| RERF Allocation | $4,125,000 | $6,600,000 | $5,775,000 | ||||
| Available Rollover from PY5-RERF | $323,882 | $1,124,017 | $15,359,885 | ||||
| Expected Expenses | $2,836,995 | $4,539,192 | $3,971,793 | ||||
| Adjusted RERF Budget | $1,611,887 | $3,184,825 | $17,163,092 | ||||
| Utility Allocation | $12,500,000 | $20,000,000 | $17,500,000 | ||||
| Available Rollover from PY5-Utility | $30,006 | $3,648,040 | $34,569,979 | ||||
| Total Budget | $14,141,893 | $26,831,137 | $69,233,071
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