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REV Illinois (Reimagining Energy and Vehicles) Tax Credit
Illinois Department of Commerce and Economic Opportunity (DCEO)See programDeadline: Rolling; competitive application via DCEO. Credits claimable beginning January 1, 2025. Pre-application discussion required.
The Reimagining Energy and Vehicles in Illinois Act (REV Illinois, 20 ILCS 686/) is DCEO's flagship incentive to attract EV, EV-component, EV-charger, and renewable-energy manufacturing to Illinois. Credits may be claimed beginning January 1, 2025 and continue into 2026. Provides negotiated income-tax-withholding credits, training credits, utility tax exemptions, and an investment tax credit, with benefit terms of 20–30 years. REV is the EV/clean-energy successor (parallel to EDGE) with higher per-job values for EV and renewables manufacturing.
Program details
- Agency
- Illinois Department of Commerce and Economic Opportunity (DCEO)
- Level
- State
- Category
- State Tax Credit
- Eligibility
- EV, EV-component, and EV-charger manufacturers, plus renewable-energy / clean-energy supply-chain manufacturers. Tier 1: minimum $20M investment + 50 new full-time jobs within 4 years. Smaller Tier 2 and battery recycling / raw-material thresholds also available. "But-for" competitiveness demonstration required.
- Funding Amount
- Negotiated income tax credits against new-employee withholdings (up to 75–100% of incremental withholdings in underserved areas), training-cost credits, utility tax exemptions, and a 0.5% investment tax credit. Benefit term 20–30 years depending on jobs/investment. No fixed per-project dollar cap — sized in the DCEO agreement.
- Deadline
- Rolling; competitive application via DCEO. Credits claimable beginning January 1, 2025. Pre-application discussion required.
- Status
- open
- Geographic Scope
- Illinois only
- Project Types
- economic_development, manufacturing, ev, solar
- Client Types
- commercial
- Notes
- For evlv.energy clients: applies to manufacturers / supply-chain firms (EV, EV components, EV chargers, solar/battery components) building or expanding Illinois facilities — NOT to typical commercial-property energy retrofits. Surface in research chat when a query mentions EV/battery/charger/solar manufacturing, plant expansion, or supply-chain relocation. Stack with: HIB, Enterprise Zone, local property tax abatement, federal §48E (for on-site renewables), MACRS. Verify current tier thresholds with DCEO.
Source: Grantya research. Confirm current terms with the administering agency before applying.