Achieving Illinois’s Clean Energy Potential

Union of Concerned Scientists

[From Press Release]  …UCS’s analysis found boosting Illinois’s renewable energy requirement to 35 percent by 2030 and cutting energy use by 20 percent by 2025, as the legislation proposes, would:

* Drive $23 billion in clean energy investment in Illinois, with $6.3 billion in renewable energy investment and $16.7 billion in energy efficiency investment by 2030 (in cumulative net present value 2013 dollars).
* Build more than 5,200 megawatts of new wind and solar power capacity in Illinois by 2030.
* Generate $12.1 billion in consumer electricity savings between 2015 and 2030 (in cumulative net present value 2013 dollars).
* Reduce the typical residential consumer electricity bill by 11 percent, or $10 per month in 2020, with savings increasing to 23 percent, or $22 per month, in 2030.
* Achieve these benefits despite a 7.7 percent average rate increase between 2015 and 2030 because lower bills from energy efficiency savings far outweigh higher electricity prices.
* Inject $226 million into the state economy in money spent to operate and maintain wind and solar facilities and lease payments to landowners that host wind farms.


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