ComEd, a unit of Chicago-based Exelon Corp., has announced 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 is designed to reduce upfront installation costs and spur renewable energy development, says ComEd, which provides power for more than 4 million customers in northern Illinois.
The rebate is available to ComEd business customers who adopted solar after June 1, 2017. Amounts will be based on the capacity of a company’s solar project. A 1 MW project, for example, will be eligible for a rebate of $250,000. The rebate is also available for community solar.
“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,” says Veronica Gomez, senior vice president of regulatory and energy policy at 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.”