312-597-4406 Text or call
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312-597-4406 Text or call
Save money and the Planet
Illinois Licensed
Looking for ways to reduce your energy bills? Look no further than PV Precision System’s LLC. Our team of energy management experts is dedicated to helping businesses and residents like you to reduce their energy costs. From renewable energy, we offer a range of solutions to help you achieve your energy goals. Explore our website to learn more about our services and how we can help you. We have Pv System, Battery Home Backup and EV Charging Solution. The best quality solutions for you Home or Business.
At PV Precision System’s LLC, we are committed to helping businesses improve their energy efficiency and reduce their carbon footprint. Our mission is to provide innovative energy management solutions that reduce the cost and help protect the environment.
Our team of experienced energy management professionals is dedicated to helping businesses and residents achieve their sustainability goals. We have the knowledge and expertise to design and implement customized energy management solutions that are tailored to the unique needs of each client.
We offer a wide range of energy management services, energy efficiency upgrades, renewable energy solutions, and more. Our services are designed to help businesses and residents reduce their energy costs and improve their environmental performance.
Illinois Shines provides incentives for solar projects through the purchase of Renewable Energy Credits, or RECs, from Distributed Generation and Community Solar projects. RECs are widely used in energy markets and represent the environmental value of energy generated by renewable sources, including solar. With RECs, the amount of renewable energy sent to the utility grid is tracked, and a REC is issued when one megawatt-hour of electricity from a renewable energy source is produced. Illinois Shines has set incentive amounts that are paid for RECs produced by solar projects participating in the Program. The incentives are paid to participating Approved Vendors and savings are passed on to customers.
Approved Vendors are entities approved by the Program Administrator (as an agent of the Illinois Power Agency), to submit project applications to the Illinois Shines Program and act as a counterparty to the Illinois Shines contracts with utilities. Designees are third parties (i.e., non-Approved Vendor) entities that have direct interaction with end-use customers; they include installers, marketing firms, lead generators, and sales organizations. Approved Vendors often work with Designees to manage various portions of solar system development. solar projects.
Financing Options:
Power Purchase Agreements (PPAs), Direct Sales, and Leasing
Power Purchase Agreements (PPAs): Under a PPA, a customer agrees to host a solar PV system owned by a company (the Project Owner, often an Approved Vendor or Designee) and purchases the electricity generated from it at a per-kilowatt-hour rate. Customer costs depend on the amount of electricity produced and the agreed-upon rate, which may have an annual escalation. The system owner or Approved Vendor typically realizes the REC incentive benefit, which may be passed on to the customer through reduced costs.
Direct Sales (System Purchase): In a direct sale, the customer pays for and owns the solar PV system outright. Customers may purchase the system outright or finance it with a loan.
Leasing: Customers can also lease a solar system, entering into a service contract to make scheduled, predetermined payments to a solar leasing company that owns the system on the customer's property. Unlike PPAs, lease payments are typically a fixed monthly fee, regardless of the electricity generated.
Mechanism of Incentives & Financial Benefits
The program provides financial incentives through the purchase of Renewable Energy Credits (RECs). One REC is generated for each megawatt-hour (MWh) of electricity produced by solar panels. These RECs represent the environmental benefits of solar-generated electricity and are purchased by Illinois utilities to meet their renewable portfolio standards.
Participants can sell their RECs back to utility providers, creating significant savings on energy costs. On average, a residential solar system can help a homeowner save between $21,500 to $29,000 over a 20-year span. Payments for RECs are typically issued quarterly, with the first payment expected within a year of system installation. The value of these REC payments can offset the cost of a new solar photovoltaic (PV) system or community solar subscription. Utilities are required to pay upfront for all RECs a residential system is expected to produce over 15 years.
Contact us today to schedule your free energy audit and start saving on your energy bills.
Each Program Year, the IPA sets the price for RECs for various types of projects that apply to Illinois Shines in that Program Year.
Solar providers calculate the estimated RECs that an individual project will produce over a period of time.
With Illinois Shines, Distributed Generation customers agree to transfer ownership of RECs to their solar vendor, who then receives payment for them from utilities. Solar vendors pass the value of these payments to the customer in the form of reduced purchase prices, installation costs, lease payments, or other methods agreed upon in a contract. Solar vendors will disclose the REC values for a project to the customer, through the required use of Disclosure Forms, allowing customers to compare multiple offers from multiple vendors. Projects and contracts may be structured in different ways by different vendors, allowing consumers to consider the offer that best meets their needs.
With Illinois Shines, customers who don’t wish to or can’t install solar directly on their property can subscribe to a large solar project called a Community Solar project. Approved Vendors that develop these large projects get paid for the large amount of RECs the projects produce, then pass on that value to the customers who subscribe to these projects.
Our renewable energy solutions include solar panel installations. We provide customized solutions that meet your energy needs and help you reduce your carbon footprint.
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Our smart energy management solutions allow you to monitor your energy usage in real-time. With this information, you can identify areas where you can save energy and reduce your energy bills.
Our energy management solutions include tools that allow you to control your appliances remotely. You can turn off lights or appliances that are not in use, even when you're not at home.
By monitoring your energy usage and controlling your appliances, you can reduce your energy bills by up to 50%. Our energy management solutions are designed to help you save money and reduce your energy consumption.
Our energy management solutions can also help you improve your home's comfort. By optimizing your heating and cooling systems, you can create a more comfortable living environment for you and your family.
By reducing your energy consumption, you can also reduce your carbon footprint. Our smart energy management solutions help you become more environmentally friendly and reduce your impact on the planet.
If you're ready to start offsetting the cost of your electricity and improving your home's energy efficiency, contact us today to learn more about our smart energy management solutions.
Benjamin Franklin
We will never sell or share your information with anyone your privacy is our number one priority
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312-597-4406 text or call anytime info@pvprecision.com Illinois Business and Illinois shines Licensed
Mon | 08:00 am – 06:00 pm | |
Tue | 08:00 am – 06:00 pm | |
Wed | 08:00 am – 06:00 pm | |
Thu | 08:00 am – 06:00 pm | |
Fri | 08:00 am – 06:00 pm | |
Sat | By Appointment | |
Sun | By Appointment |