Last DSIRE Review: 08/16/2012
Program Overview:
| State: |
Illinois |
| Incentive Type: |
State Bond Program |
| Eligible Efficiency Technologies: |
Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Building Insulation, Windows, Custom/Others pending approval, Unspecified Technologies, Whole House Fans, Led Exit Signs, Commercial Refrigeration Equipment |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Transmission and Storage, Daylighting, Renewable Fuels, Fuel Cells using Renewable Fuels, Other Distributed Generation Technologies |
| Applicable Sectors: |
Commercial, Industrial, Nonprofit, Schools, Institutional, Community Colleges |
| Amount: | Varies by project |
| Start Date: | 01/01/2010 |
| Web Site: |
http://www.il-fa.com/
|
Authority 1:
|
20 ILCS 3501
|
Authority 2:
Date Enacted:
Date Effective:
|
H.B. 5195
07/06/2012
07/06/2012
|
Summary:
The Illinois Finance Authority (IFA) is a state conduit issuer of tax-exempt bonds & credit enhancement for projects in Illinois. The IFA funding is available to commercial as well as non-profit entities as long as those entities meet strict eligibility criteria. In 2012, the legislature also added schools and community colleges to the list of eligible entities for energy conservation funding. Entities seeking funding must demonstrate that their projects provide a significant public benefit for the citizens of Illinois. In 2009, the IFA was authorized by legislation (S.B. 1906 and S.B. 390) to provide funding via issuance of tax-exempt bonds for renewable energy projects and energy efficiency projects.
For the purposes of this program, renewable energy projects include those that utilize wind, solar thermal energy, photovoltaic cells and panels, biodiesel, crops and organic waste biomass, trees and tree trimmings, hydropower, Illinois-produced landfill gas, and "other alternative sources of environmentally preferable energy." (This definition is from the Illinois Power Agency Act). In addition, transmission lines and associated equipment used to transfer electricity created by renewable energy, as well as renewable energy storage technologies are eligible. |
