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HB 4929

CARBON CAPTURE DEVICE REBATE

104th Regular Session Introduced by Dan Didech

Illinois creates a state-administered rebate program to financially support qualifying carbon capture devices installed in Illinois facilities.

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Bill Summary · HB 4929

Summary of HB 4929 (104th Illinois General Assembly)

Title

Carbon Capture Device Rebate

Purpose and intent

HB 4929 seeks to stimulate the deployment of carbon capture technology by providing financial rebates to eligible purchasers and users of qualifying carbon capture devices. The bill aims to reduce greenhouse gas emissions by encouraging the adoption of technologies that capture carbon dioxide at the point of emission or during industrial processes, thereby supporting Illinois’ broader climate and clean energy goals.

Key provisions and changes

  • Rebate program establishment: Creates a state-administered rebate program for carbon capture devices. The program sets eligibility criteria, application procedures, and funding parameters.
  • Eligibility criteria:
    • Qualified devices: Carbon capture devices that meet defined performance and certification standards established by the administering agency.
    • Eligible applicants: Individuals, businesses, nonprofits, or institutions that own or operate a facility where a qualifying device is installed.
    • Location: Projects must be located in Illinois or connect to Illinois-based facilities, as specified by the bill.
  • ** rebate amounts and structure**:
    • The bill designates specific rebate amounts tied to device type, capacity, and/or emission reduction potential. Details may vary by device tier or technology category.
    • Caps: The program may impose lifetime or annual per-project rebate caps, as well as overall program funding limits.
  • Funding and administration:
    • Funding source: The rebates are to be funded from state resources as appropriated, with possible seed or continuing appropriations tied to the environmental or energy budget.
    • Administration: A state agency (or designated authority) would administer applications, determine eligibility, issue rebates, and monitor compliance.
  • Compliance and reporting:
    • Recipients must maintain records, provide proof of device installation and performance metrics, and comply with reporting requirements.
    • The administering agency may audit recipients and recapture rebates if conditions are not met or if funds are misused.
  • Performance standards and verification:
    • Devices must meet performance standards, reliability, and verification requirements to qualify for rebates, potentially including third-party verification or certification.
  • Interaction with other programs:
    • Provisions may specify whether rebates stack with federal incentives, tax credits, or other state programs, and may establish coordination requirements.
  • Sunset and review:
    • The bill may include a sunset clause or periodic review, mandating evaluation of program effectiveness and potential renewal or termination of the rebate program.

Who would be affected

  • Businesses and facilities implementing qualifying carbon capture devices in Illinois.
  • Manufacturers and installers of eligible carbon capture technologies, who may see increased demand.
  • Financial managers and procurement leaders within eligible organizations, who would handle rebate applications and compliance.
  • State agencies designated to administer the program, oversee eligibility, and enforce reporting and compliance.

Procedural and timeline aspects

  • Implementation timeline: The bill outlines a phased or immediate implementation once enacted, with deadlines for initial applications, approvals, and the first rounds of rebate disbursement.
  • Rulemaking: The administering agency may be required to issue rules or guidance to define device eligibility, verification methods, and application procedures.
  • Reporting timeline: Recipients and the administering agency would be subject to periodic reporting, including program performance metrics and fiscal accounting.

Potential impacts and considerations

  • Could accelerate adoption of carbon capture technologies within Illinois, contributing to emissions reductions.
  • May require careful administration to prevent improper use of funds, ensure accurate performance verification, and avoid duplication with federal or other state incentives.
  • Economic effects include potential job creation in installation, maintenance, and technical support for carbon capture equipment.
  • Environmental impact depends on life-cycle considerations and the actual deployment scale of qualifying devices.

If you would like, I can tailor this summary to a specific audience (policy analysts, business owners, or environmental advocates) or add a comparison with related Illinois climate or tax incentive programs.

Compiled from official sources — confirm details with the bill’s official record.

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