A Maryland solar energy developer and financer has opened an office in downtown Chicago in anticipation of increased demand for new systems in Illinois and in the Midwest.
Standard Solar Inc. announced the opening of the new office on Thursday. The company expects growing demand in Illinois because of a state program that incentivizes new solar photovoltaic systems, the company said in a news release. In the program, Illinois utilities pay a set price for 15 years for renewable energy credits from the new solar electric generation systems.
Harry Benson, director of business development for Standard Solar, said in a statement that the new office would provide project financing support for 500-kilowatt and larger solar electricity generation projects.