Log in



Lost your password?
EnerKnol
  • Home
  • About
  • EK Research
  • News
  • Platform
  • Coverage
  • Case Studies
  • EnerKnol Calendar
  • Press
Log on To EnerKnol Platform Book Demo
  • Home
  • About
  • EK Research
  • News
  • Platform
  • Coverage
  • Case Studies
  • EnerKnol Calendar
  • Press
Login Book Demo
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

Image251
U.S. Energy Department Approves $1.6 Billion Loan for DTE Gas Infrastructure Upgrades
June 16, 2026
heat pump systems 3
Michigan Commission Establishes Energy Affordability Goal for Low-Income Households
June 12, 2026
Image201
New York Launches 5-Gigawatt Nuclear Expansion Framework to Strengthen Grid Reliability
June 12, 2026
Week Ahead: Hawaii’s Virtual Power Plant Program, NY’s Weatherization Initiatives, CA Explores Geothermal Energy
June 12, 2026
EnerKnol Research PU Visual Primer PJM Planning and Market Scrutiny 2026 06 15 Blog preview
Growing Scrutiny of PJM Amid Rising Demand, Rates, and Reliability Concerns
June 11, 2026
EnerKnol Research PU Visual Primer PJM Planning and Market Scrutiny 2026 06 15 Blog preview
Visual Primer: Growing Scrutiny of PJM Amid Rising Demand, Rates, and Reliability Concerns
June 11, 2026
8
FERC Approves Temporary PJM Fast-Track Interconnection Process to Accelerate New Generation
June 11, 2026
Image20
U.S. Energy Department Releases Fusion Roadmap to Accelerate Commercial Deployment by Mid-2030s
June 10, 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
EnerKnol

The most comprehensive platform for energy and environmental regulatory intelligence, powered by cutting-edge AI and machine learning technology.

sales@enerknol.com
212-537-4797
175 Greenwich St, FL-38, New York, NY 10007

Product

  • Platform Overview
  • EKAI Assistant
  • Coverage Areas

Resources

  • Case Studies
  • API Documentation

Company

  • About Us
  • Careers
  • New York Energy Week

Legal

  • Terms of Service
© 2026 EnerKnol. All rights reserved.
Book a Demo