HB4929

Illinois HB4929 establishes a rebate program for residents purchasing carbon capture devices using biological processes.

HB4929, the Privately-Owned Carbon Capture Device Rebate Act, creates a rebate program for Illinois residents who buy carbon capture devices that use biological processes, such as microalgae photosynthesis. The rebate program is administered by the Illinois Environmental Protection Agency. To qualify, applicants must reside in Illinois, own the device, and apply within 180 days of purchase. Rebates are 50% of the purchase price from July 1, 2026, to June 30, 2032, and 40% thereafter. Low-income applicants receive an additional 10% rebate. A 5% user fee on device sales funds the rebates.