The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.

ComEd and Summit Ridge Energy opened the 2.5 MW Speedway Solar Project in Joliet, Illinois in February 2023.

Read more: pv magazine