Rebate of $250 per kilowatt for renewable supply in Illinois
Company Website:
http://www.comed.com
CHICAGO -- (Business Wire)
ComEd announced today that commercial and industrial customers can begin
submitting applications for rebates of $250 per kilowatt of installed
solar energy as approved last month by the Illinois Commerce Commission.
The rebate will reduce up-front installation costs and spur renewable
energy development, and it is available to ComEd business customers who
adopted solar after June 1, 2017.
Rebate amounts will be based on the capacity of a company’s solar
project.A 1,000-kilowatt project, for example, will be eligible
for a rebate of $250,000. Rebates will be fulfilled within 60 days of
receipt of a completed application.
“Our new rebate program is a strong demonstration of the commitment
we’re making to increase access to renewable energy and create new value
and more choices for our customers,” said Veronica Gomez, senior vice
president of regulatory and energy policy, ComEd. “This is an important
milestone for ComEd and for customers seeking clean energy alternatives,
and it will further reinforce Illinois’ growing reputation for energy
innovation.”
The rebate is also available to community supply project owners,
operators or customers receiving community supply service. Owners or
operators of a community supply project produce and provide energy to
the grid, while subscribers to the project receive credits based on
their share of the total energy produced.
This rebate program rewards commercial and industrial customers for
generating clean energy much like ComEd’s residential net metering
customers already receive credits on their bill when they produce more
energy than they use with a private solar energy system installed at
their home.
Eligible customers can learn more about the new ComEd rebate program
requirements and apply for a rebate at www.comed.com/DGrebate.
ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC), a
Fortune 100 energy company with approximately 10 million electricity and
natural gas customers – the largest number of customers in the U.S.
ComEd powers the lives of more than 4 million customers across northern
Illinois, or 70 percent of the state’s population. For more information
visit ComEd.com
and connect with the company on Facebook,
Twitter
and YouTube.
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Contacts:
ComEd Media Relations
(312) 394-3500
Source: ComEd
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