LIP-5: What percent of the Budget is reserved for Projects that are not presented by utilities?

The final budget will be provided at a later date when it becomes available. Section 1-56(b)(2)(D) of the Illinois Power Agency Act provides the following:

(a) the maximum amount that can be paid for RECs from a single project may not exceed $20,000,000.

(b) the maximum budget for this sub-program may not exceed $50,000,000.

(c) the entire budget allocated cannot be distributed solely to a utility.

(d) at least some of the funds must include a project partnership that includes community ownership by the project subscribers.