In 2021, Illinois Finance Authority was designated as the state climate bank for the State of Illinois as part of the Climate and Equitable Jobs Act.
The Illinois Climate Bank supports equitable clean energy opportunities across Illinois by providing financial assistance and resources that advance the state’s clean energy goals.
Offer financial resources and programs to help Illinois residents access affordable clean energy solutions, reduce energy costs, and improve energy efficiency in their homes.
Provide tailored financing options to help businesses adopt clean energy and zero-emission technologies, reduce operational costs, and meet sustainability goals.
Assist local governments and nonprofits in implementing clean energy and zero-emission projects that enhance sustainability, resilience, and economic development within their communities.
Support utilities in advancing clean energy infrastructure, helping them streamline permitting processes, improve energy efficiency, and meet state clean energy policies.
Provide financial tools and support for developers and contractors that are disadvantaged businesses or equity eligible contractors, ensuring they have the resources to lead clean energy projects that benefit their communities.