- This initiative, funded by congressionally approved and lawfully awarded funds from U.S. EPA’s Greenhouse Gas Reduction Fund Solar For All program, provides funding for battery storage to be added to homes participating in Illinois Solar for All’s Residential Solar (Small) subprogram, to add resilience with backup power.
Energy Storage Loans
Adding Resilience to Homes with Solar Systems
Program Overview
Funding & Eligibility
- Energy Storage Loans of up to $7,500 will be available to fund behind-the-meter, residential-scale battery storage systems installed with incentives from Illinois Solar for All’s Residential Solar (Small) subprogram. Eligible equipment includes batteries, smart inverters, electric panel upgrades, and, in certain cases, meter collars. Loans will be forgiven once the solar installations are energized.
How to Apply
This program is still under development. Stay tuned for updates on application details, and check back here regularly for the latest information. In the meantime, be sure to subscribe to our newsletter to receive important announcements about Energy Storage Loans directly in your inbox.
Additional Resources
On December 2, 2024, the Illinois Climate Bank hosted its Solar for All Expansion Kickoff. Materials from the webinar can be found below:
On December 19, 2024, the Illinois Climate Bank hosted its Lending Working Group. Materials from the webinar can be found below: