SREC Incentive with TPO products
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1 - The Illinois Orientation
- Third Party Owned Products (TPO) are common in finance arrangements for solar in Illinois, they include Leases and Power Purchase Agreements (PPAs)
- When a customer signs up for a TPO product the finance company retains the SREC incentive and takes it into consideration with the price it offers the customer for their monthly rate or price per kWh
- The customer will not receive a payment from the Shines program when buying solar through a TPO product
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