The Illinois Municipal Electric Agency (IMEA) offers rebates to member municipal utilities* (those who purchase wholesale electric service from IMEA) and retail customers for energy efficiency upgrades. The incentive program provides up to 75% of the project cost in rebates or grants for qualified efficiency projects -- although all incentives are subject to funding availability. Rebates are provided for a variety of projects including custom measures. The same program eligibility and applications apply.
Eligible projects are those which will result in electricity savings, either through equipment upgrades, or building or process improvements. A wide range of efficiency technologies and equipment, such as lighting, HVAC, motors, insulation, vending controls, among others, are eligible. Specific rebate amounts are provided in IMEA's application. Custom projects will also be considered under a separate incentive level of $0.07 per kilowatt hour (kWh) times an agreed upon annual kWh savings. The energy savings of the selected equipment must provide a financial payback before the useful life of the equipment expires.
Pre-approval is required, and interested applicants should reserve funding prior to purchasing any equipment. Interested applicants should submit applications to their municipal utility first. The municipal utility will submit it to IMEA for review. IMEA is working with the Illinois Department of Economic Opportunity to administer the rebate. If approved, rebate recipients are required to provide all receipts and invoices in a final application due within 45 days of project completion. See IMEA's web site for application materials.
*IMEA provides a list of member municipal utilities on its web site.