Net Metering Illinois
Learn about net metering and how it can benefit your energy consumption.
Key Aspects of Net Metering in Illinois
Eligibility:
Applies to renewable energy systems like solar, wind, biomass, and hydroelectric.
Systems must generally be sized to meet the customer's own energy needs.
Residential systems up to 40 kW and non-residential systems up to 2 MW are typically eligible.
Credits:
Customers receive a credit for the excess electricity they produce at the full retail rate.
These credits can offset future energy consumption from the grid.
Credits are usually carried forward to future billing periods.
Annual Reconciliation:
At the end of the annual period (often set by the utility), any remaining credits might be forfeited or compensated at a lower rate, depending on the utility's specific policy.
Metering Requirements:
Customers must have a bidirectional meter that can measure both the electricity consumed from the grid and the electricity sent back to the grid.
In some cases, utilities may install these meters at no cost to the customer.
Interconnection Standards:
Customers must follow specific interconnection standards to ensure their systems can be safely connected to the grid.
Utilities typically require an application and inspection process
Benefits of Net Metering
Cost Savings: Reduces electricity bills by allowing customers to use their own generated power and receive credits for excess production.
Environmental Impact: Encourages the use of renewable energy, reducing dependence on fossil fuels and lowering greenhouse gas emissions.
Energy Independence: Provides greater energy security and independence from utility providers.