Loading chat...
IL HB5429
Bill
Status
Introduced
2/6/2026
Primary Sponsor
Jay Hoffman
Click for details
AI Summary
- Creates the District Energy and Thermal Energy Storage Parity Act establishing an optional certification process through the Illinois Commerce Commission for qualified district energy infrastructure projects
- Requires developers to obtain a District Energy Feasibility Assessment for new buildings over 100,000 square feet, multi-building campuses over 500,000 square feet, or major renovations over 100,000 square feet or 50+ dwelling units
- Directs the Environmental Protection Agency to establish a grant program supporting energy transfer stations, heat recovery equipment, dispatchable thermal energy storage, and electrification-enabling equipment
- Requires the Commission within 180 days to develop standardized thermal service agreement templates and customer rate stabilization options including indexed pricing and collar mechanisms
- Amends multiple acts including the Illinois Finance Authority Act, Illinois Power Agency Act, Property Tax Code, and various tax acts to provide financial assistance, tax exemptions, and create a Thermal Energy Storage Credit procurement program
Legislative Description
DISTRICT ENERGY STORAGE
Last Action
Referred to Rules Committee
2/13/2026
Committee Referrals
Rules2/13/2026
Full Bill Text
No bill text available