Illinois ruling is a green light for third-party solar projects

Monday, Mar 16th | 8:50 pm

Read the original article HERE

 

A February ruling by the Illinois Commerce Commission has smoothed the way for many schools, municipal buildings and nonprofits to obtain solar installations through third-party-owned financing arrangements, a possibility that had been thrown into doubt by utility opposition.

Third-party-owned solar installations — in which the building or site owner purchases electricity through a power purchasing agreement from the company that owns the installation — are a common model nationwide, making solar accessible to lower-income households and organizations that don’t have the upfront capital for solar, or nonprofit institutions that could not otherwise access federal tax breaks. 

« Back