On Monday, September 13th, the Illinois General Assembly passed SB2408, also known as the Climate and Equitable Jobs Act. This bill strives to reduce carbon emissions and dependence on fossil fuels, with an embedded goal of a 100% carbon-free Illinois power sector by 2045. SB2408 expands the Illinois Solar for All program budget to $50 million annually, while committing to achieve 1 million electric vehicles on the road in Illinois by 2030.
The bill contains provisions for social and environmental justice as well, creating workforce development programs for formerly incarcerated individuals in the clean energy industry, and allocating $80 million per year for contractor training programs in equity-focused communities. Grant programs and incentives are also included to protect fossil workers and communities during the transition to renewable.
According to The Union of Concerned Scientists, The Climate and Equitable Jobs act “puts the state among the nation’s leaders in confronting the climate crisis”. With its passing on Monday, Illinois is now on the verge of a major boom in wind and solar energy projects. If you are interested in funding a clean energy project, be sure to visit our alternative financing page to explore several options, including Chicago C-PACE, renewable asset leasing, performance contracting, and more.