Bill Title: Creates the Geothermal Homes and Business Act. Provides that, beginning January 1, 2026, the long-term renewable resources procurement plan developed by the Illinois Power Agency shall include a Geothermal Homes and Business Program for the procurement of geothermal renewable energy credits. Sets forth provisions concerning the geothermal heating and cooling system calculation methodology; Program block allocation; Program block pricing; approved vendors; contract terms; utility cost recovery; extenuating circumstances; administration of the Act by the Illinois Power Agency; and the prohibition of double claiming geothermal renewable energy credits. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-02-07 - Filed with the Clerk by Rep. Marcus C. Evans, Jr. [HB3399 Detail]

Text: Latest bill text (Introduced) [HTML]

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