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Energy News: Local Governments To Miss Out On $222 Million in potential tax revenue

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[The following is a paid advertisement.]

“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.”

- Bloomington Pantagraph

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.

“Illinois’ community solar program was only able to support 12 percent of the projects that applied …the results were a disappointment to landowners”

– Decatur Herald & Review

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

posted by Advertising Department
Friday, Apr 19, 19 @ 1:50 pm

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