ComEd of Chicago will increase the maximum funding amount of financial incentives for new construction or major renovation projects in its service territory to $150,000—a $50,000 increase since the program’s inception in June 2009.

The Smart Ideas New Construction service combines financial incentives and technical assistance to encourage building owners, architects, engineers and contractors to design high performance buildings and exceed standard building practices.

The New Construction service, which follows the IECC 2009 state code as its baseline, is designed for industrial facilities, offices, schools, universities, hospitals, restaurants, retail and nonprofits. Residential and municipal projects are not eligible.