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Funding Resources
Funding Resources
| IL Renewable Energy Project Financing | |
|---|---|
| Type of Incentive | Grant |
| Eligible States | IL |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | |
| Number of Awards | |
| Size of Award | The Illinois Finance Authority (IFA) is a state conduit issuer of tax-exempt bonds and credit enhancement for projects in Illinois. The IFA funding is available to commercial as well as non-profit entities provided the entities meet eligibility criteria. Specifically, 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) to provide funding via issuance of tax-exempt bonds for renewable energy projects. Through existing authorization, the IFA also provides funding to energy efficiency projects. |
| Start Date | 7/30/2009 |
| End Date |
|
| Minimum Efficiency(%) |
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| Additional Information | 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. |
| Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=IL46F¤tpageid=3&EE=1&RE=1  |
| Additional Web Site |
http://www.il-fa.com/green/ |
| Primary Contact |
Steven Trout 180 N Stetson Suite 2555 Chicago, IL 60601 Steven Trout (strout@il-fa.com) (312) 651-1331 |