According to § 20 ILCS 687/6-4, the statute this trust is under will be repealed on December 31, 2021.
Illinois's 1997 electric-industry restructuring legislation created separate public benefits funds that support renewable energy and residential energy efficiency. The Renewable Energy Resources Trust Fund (RERTF) supports renewables through grants, loans and other incentives administered by the Illinois Department of Commerce and Economic Opportunity (DCEO). The funding mechanism was established for 10 years in January 1998. In August 2007, funding was extended through December 12, 2015.
Renewable-energy projects eligible for RERTF support include wind energy, solar-thermal energy, photovoltaics, dedicated crops grown for energy production and organic waste biomass, hydropower that does not involve new construction or significant expansion of hydropower dams, and "other such alternative sources of environmentally preferable energy." Energy from the incineration, burning or heating of waste wood, tires, garbage, general household, institutional and commercial waste, industrial lunchroom or office waste, landscape waste, or construction or demolition debris is not eligible. Public Act 97-0072 also permits DCEO to award grants for smart grid technology, effective July 1, 2011.
The RERTF is supported by a surcharge on customers' electric bills and gas bills known as the Renewable Energy Resource and Coal Technology Development Assistance Charge. Participation is required for investor-owned utilities, but voluntary for municipal utilities and electric cooperatives. Half of the money collected by the surcharges supports the RERTF, while the other half supports the Coal Technology Development Assistance Fund. The surcharge varies by customer class as follows:
Through 2013, $54.9 million in incentives had been awarded via 223 issued grants and more than 1,600 rebates. The RERTF receives approximately $5 million - $6.5 million per year to fund eligible projects.
|Incentive Type:||Public Benefits Fund|
|Eligible Renewable/Other Technologies:||
|Total Fund:||Approximately $100 million for renewables (1998-2015)|
$0.05 per month per residential electric service and residential gas service
$0.50 per month for small nonresidential electric and gas service
$37.50 per month for large nonresidential electric and gas service
(50% of all charges support the RERTF)
|Technologies:||Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Fuel Cells using Non-Renewable Fuels, Wind (Small), Fuel Cells using Renewable Fuels|
|Sectors:||Commercial, Industrial, Investor-Owned Utility, Municipal Utilities, Residential, Cooperative Utilities, Schools, Institutional|
|Parameters:||The incentive has a minimum of $100.00|
|Name:||20 ILCS 687/6-1 et seq.|
|Date Enacted:||12/16/1997 (amended 2007)|
|Name:||§ 220 ILCS 5/16-111.1|
|Organization:||Illinois Department of Commerce and Economic|
620 East Adams Street
Springfield IL 62704
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201