For Immediate Release
ComEd Media Relations
ROCKFORD, Ill. (March 15, 2019) – The Advanced Machine & Engineering Co. (AME) in Rockford is one of the first companies in Illinois to take advantage of new incentives for adopting solar energy and it was rewarded for it today with a rebate check from ComEd for $176,240. A leader in machine tool components and metal cutting machines, AME's 705 kilowatt array on the roof of its manufacturing facility in Rockford is the largest solar installation in the area.
ComEd began accepting applications from commercial and industrial customers in December for the distributed generation (DG) rebate program, which pays $250 per kilowatt of installed solar power capacity. Available to ComEd business customers, the DG rebate aims to reduce upfront installation costs and spur renewable energy development. To be eligible for the rebate, customers need to install a smart inverter, which converts direct current power to alternating current power. ComEd business customers that installed net metering on or prior to June 1, 2017, are exempt from the smart inverter requirement.
"The adoption of solar power among our commercial and industrial customers is key to creating a clean energy future for Illinois, and we applaud AME for making investments that will benefit their business and their community," said Fidel Marquez, senior vice president of governmental and external affairs, ComEd. Marquez presented the rebate check to Dietmar Goellner, president and CEO. "Our installation of 2,200 solar panels covering 65,960 square feet will reduce our carbon footprint and create savings that can be reinvested in the future of this company," said Goellner. "This is a true transformation of our facility and it's been a good partnership working with ComEd and our solar installer Iconic Energy."
The incentive program was established through the Future Energy Jobs Act (FEJA), which was enacted by the Illinois General Assembly in late 2016. It provides up to $220 million per year in funding for renewable resources, including large-scale solar power. The rebate is also available to community supply project owners or customers receiving community supply service under circumstances where the project owner declined the rebate. Community supply projects produce and provide energy to the grid, while subscribers to the projects receive credits based on their share of the total energy produced.
Eligible customers can learn more about the new ComEd rebate program requirements and apply for a rebate at www.comed.com/DGrebate.
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ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information visit ComEd.com and connect with the company on Facebook, Twitter and YouTube.