Energy News: Local Governments To Miss Out On $222 Million in potential tax revenue
Friday, Apr 19, 2019
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“Only one of McLean County’s crush of proposed solar farms got state credits and can now proceed following a lottery last week, leaving 17 more county-approved projects in limbo until the state offers more opportunities to build.”
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.
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