Energy News: Local Governments To Miss Out On $222 Million In Potential Tax Revenue
Thursday, Apr 11, 2019
[The following is a paid advertisement.]
On April 10th, the Illinois Power Agency held a lottery to award renewable energy credit contracts to community solar, large commercial and industrial projects. Community Solar is for the 75% of Illinoisans who can’t put solar on their roofs. Demand was exceptionally strong, but due to the limited program size, approximately 90% of permitted community solar projects failed to receive contracts. Now those projects and the $222 million in tax revenue they would have generated for their communities over the next two decades is in jeopardy.
Without a fix to the state’s renewable energy program, remaining projects may not be built.
Tim Nugent, president and CEO of the Economic Alliance of Kankakee County, said: “Rural communities need new sources of revenue right now, and solar is one way to do that. We’re interested in seeing more community solar projects move forward, because at this point we’re leaving money on the table.”
Vote YES on HB 2966/SB 1781 to fix Illinois’ clean energy cliff and let shovel ready projects move forward.
For more information, please visit pathto100.net