Log in



Lost your password?
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
MENU
Login

Access the EnerKnol platform

EnerKnol
EnerKnol is the leading provider of regulatory data, analytics, and tracking software for North American energy markets
EnerKnol
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
Search:
Illinois Power Agency Proposes $30 Million Annual Funding for Low Income Solar Program

The Illinois Power Agency on Nov. 26 unveiled a final supplemental funding plan for the “Illinois Solar for All Program” established under the 2016 Future Energy Jobs Act which modernized the state’s renewable portfolio standard to ensure long-term funding sources for purchasing renewable resources. The program is intended to encourage the development of new distributed solar and community solar projects benefitting low-income residents and communities. The initiative is mainly funded from the renewable energy resources fund and the annual allocation from the renewable resources budget collected by the state’s three electric utilities from retail customers. The law provides for potential additional allocation from the utility-collected fund as a supplemental source and tasked the agency with determining the possible designation of unspent funds. The plan proposes an annual budget of about $30 million for the first three program years – $20 million from the renewable energy resources fund and $10 million from the utility-collected fund. The agency provides a mechanism to calculate the supplemental amount – half the annual unspent funds further reduced if it exceeds a “funding shortfall,” which is the difference between $200 million and the amount appropriated to the fund for a fourteen month period.

November 26, 2018
Share
TweetShare on Twitter Share on FacebookShare on Facebook Share on LinkedInShare on LinkedIn

Post navigation

PreviousPrevious post:Duke Energy Progress to Return $104 Million in Federal Tax Cut Savings to North Carolina CustomersNextNext post:D.C. Shoots for 100 Percent Renewables by 2032, Joining Wave of Ambitious Clean Energy Mandates

Related Research

Week Ahead: Maine Reviews Grid Plans, Oregon’s Winter Rate Moratorium, RI’s Renewable Energy Growth Program
January 29, 2026
U.S. Energy Department Launches $6 Billion Program to Sustain Ailing Nuclear Power Plants
U.S. Energy Department Seeks State Partnerships for Nuclear Lifecycle Innovation Campuses
January 29, 2026
EnerKnol Research PU Visual Primer Solar Power 2026 01 27 Blog preview
State Policies Drive Solar Momentum Amid Federal Constraints
January 26, 2026
EnerKnol Research PU Visual Primer Solar Power 2026 01 27 Blog preview
Visual Primer: State Policies Drive Solar Momentum Amid Federal Constraints
January 26, 2026
Pennsylvania Sets Emissions Reduction Goals in Line With Paris Climate Accord
U.S. Energy Department Announces $155 Million for 16 National Lab Projects to Boost Industrial Innovation
January 23, 2026
U.S. Energy Department Overhauls Energy Loan Portfolio, Targets $83 Billion in Biden-Era Commitments
January 23, 2026
Week Ahead: CA’s Building Energy Action Plan, Utah’s Large Load Tariffs, MD Expands Energy Storage
January 22, 2026
Ohio Regulator Approves FirstEnergy's Auction Results to Set Default Power Rates
New Jersey Governor Signs Orders to Freeze Rate Hikes, Fast-Track New Power Supply
January 22, 2026
  • Renewables
    • Biofuels
    • Electric Vehicles
    • Hydropower
    • Nuclear Power
    • Solar Power
    • Wind Power
  • Environmental Markets
    • Carbon Markets
    • Emissions
  • Fossil Fuels
    • Coal Power
    • Natural Gas
    • Oil
  • Power & Utilities
    • Energy Efficiency
    • Energy Storage
    • Retail Power & Gas
    • Smart Grid
    • Wholesale Markets

Subscribe To Our Research Newsletter!


First Name *
Last Name *
Email Address *
Phone *
Company *
Job Title *
Select any sectors you're interested in

Submit Form
https://enerknol.com/illinois-power-agency-proposes-30-million-annual-funding-for-low-income-solar-program
EnerKnol
Copyright (C) EnerKnol, Inc. | 175 Greenwich Street, FL-38 New York, NY 10007 | (212) 537-4797 | sales@enerknol.com | Terms & Conditions       Visit EnerKnol on YouTube  Visit EnerKnol on Facebook  Visit EnerKnol on Twitter  Visit EnerKnol on LinkedIn