Illinois

Special Assessment for Solar Energy Systems

Section 200/10-10 of the Illinois Compiled Statutes Property Tax Code establishes an alternate valuation assessment for solar energy systems. When the owner of a property with a solar energy system files a claim for an alternate valuation, the chief county assessment officer ascertains both the

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Renewable Energy Resources Trust Fund

Section 687/6-4 of the Illinois Compiled Statutes establishes the Renewable Energy Resources Trust Fund in the State Treasury to provide grants, loans, and other incentives to foster investment in and development of renewable energy resources. Section 687/6-3 defines renewable energy resources to include wind, solar

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Green Buildings Act

The Green Buildings Act establishes standards for all new state-funded building construction and major renovations of existing state-owned facilities. These standards, outlined in the Illinois Compiled Statutes Section 3130/15, require that these buildings be designed to achieve at least a silver LEED certification. 

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Renewable Energy Project Financing

The Illinois Finance Authority may establish reserve funds to enhance bonds for renewable energy projects. As outlined in the Illinois Compiled Statutes section 3501/825-65, these bonds should not exceed $3 billion. Eligible renewable energy resources are defined in Section 1-10 of the Illinois Power Agency

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Illinois PACE Financing Program

The Illinois Commercial Property Assessed Clean Energy (C-PACE) program allows owners of eligible commercial or industrial buildings to finance up to 100% of their renewable energy and other sustainability improvements. Section 5/101011 of the Illinois Compiled Statutes grants municipalities the right to enter into voluntary

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Illinois Energy Now

The Illinois Energy Now grant program, administered by the Illinois Association of Park Districts, provides rebates to local governments to make eligible energy efficiency improvements, which include water heaters and boilers, HVAC equipment, and motors and drives. 

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Illinois Clean Energy Innovation Fund

The Illinois Clean Energy Innovation Fund is a revolving investment fund seeded by a grant from the state of Illinois and the U.S. Department of Energy. It is now managed by Evergreen Climate Innovations, a non-profit investment fund. This fund makes direct investments in high-potential,

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Hydrogen Economy Task Force

The Hydrogen Economy Task Force, created by Public Act 102-1086, is tasked with creating a plan to facilitate the deployment of hydrogen in the state. Membership will consist of 24 Members, including appointments from the Illinois General Assembly, the governor’s office, trade associations, community-based organizations,

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Renewable Portfolio Standard

The Illinois Renewable Portfolio Standard (RPS) requires large investor-owned electric utilities and alternative retail electric suppliers to source 10% of eligible retail electricity sales from renewable energy by 2015 and 25% by 2025. The standard was enacted in 2007 and updated in 2021 by Senate

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