Clean Energy Infrastructure Ownership and Loan Authorization

Government agencies may own, construct, improve, and operate new or existing clean energy infrastructure projects, may purchase real estate or property rights to be used for clean energy infrastructure projects, and may charge for the public use of clean energy infrastructure. Eligible projects include, but are not limited to, electric vehicle (EV) chargers, EV repairs, and battery storage. The Illinois Finance Authority (IFA) may offer loans to these agencies to finance the eligible projects. Additional requirements may apply. For more information, see the IFA Climate Bank Website.

(Reference Senate Bill 3597, 2024)