New study finds expanding Illinois renewable energy program would save consumers $1.21 billion over 10 years

Read the full story at Solar Power World.

A study performed by the Power Bureau, led by former Illinois Power Agency Director Mark Pruitt, finds that fully funding the expansion of Illinois’ renewable energy program will result in lower electric bills for Illinois ratepayers. The study, “Cost Analysis of Renewable Energy Deployment in Illinois,” compared the additional funding needed to reach a 40% renewable energy goal with the impact the additional renewables would have on wholesale energy and capacity prices, and the direct savings realized by rooftop and community solar customers. It found that reaching 40% renewable energy will create a net benefit for Illinois consumers of $1.21 billion over 10 years.

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