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Illinois Green Energy Legislation: Solar, Wind, and Geothermal Tax Credits

This document outlines several significant pieces of legislation in Illinois aimed at promoting renewable energy. HB 1089 introduces a 25% income tax credit for solar, wind, and geothermal energy systems. Other bills, such as HB 3507 and HB 3592, focus on expediting permitting for green energy projects. Additionally, HB 1468 amends the Electricity Excise Tax to incorporate alternative energy credits, and HB 1913 enhances net metering for distributed generation. Legislative hearings are scheduled for March 2011 across various committees.

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Illinois Green Energy Legislation: Solar, Wind, and Geothermal Tax Credits

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  1. Solar (and wind) legislation HB 1089 (Holbrook) Efficient and Green Illinois Tax Credit Act • 25% Income tax credit also for geothermal and wind • Assigned to Revenue & Finance Committee • Hearing Mar 10 2011 8:30AM Capitol Building Room 122B – Also HB 3507 (Mussman) HB 3592 (Mussman) Grow Green Illinois Jobs Act • expedite permitting and approval of solar and wind inmunicipalities • Assigned to Environment & Energy Committee Hearing • Mar 9 2011 4:00PM Capitol Building Room 118

  2. HB 1468 (Franks) Amends Electricity Excise Tax • Alternative energy credit • Assigned to Revenue & Finance Committee • Hearing Mar 10 2011 8:45AM Capitol Building Room 122B HB 1913 (May) Amends the Public Utilities Act • Increases net metering up to 2 MW • Assigned to Public Utilities Committee • Hearing Mar 8 2011 2:00PM Capitol Building Room 114 Springfield, IL HB 1943 (Williams) Amends the Illinois Power Agency Act • Carve out of RPS for distributed electricity <25 kW and 25<2000 kW • Re-assigned to Environment & Energy Committee

  3. Environmental Lobby Day, Springfield • Wed March 30 (activities night before) • Illinois Environmental Council • Register online www.ilenviro.org

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