Commercial Solar
Incentives &

You might have questions about how solar will add to the bottom line of your business. Here our commercial solar installers guide you through available incentives and financial options.

Switch For
Solar Savings

Cash flow and Return on Investment (ROI) demand constant attention for most businesses. So, making the transition to commercial solar power systems for solar energy starts with one question: How much money will my business save by using solar power?

Solar power systems provide tremendous value for
Commercial & Industrial Businesses

the financial power of
Solar for Businesses

System with Annual Production of 170,000 kWh the first year, assumes $100/mWh SREC, 3% kWh rate increase annually.


Discover incentives to help make solar more affordable for you.

Federal Incentives

30% Federal Investment Tax Credit

In August 2022, the Inflation Reduction Act became law. In it are provisions to support solar growth by increasing and extending this federal tax incentive for 10 years! Receive 30% of the full system cost back as a credit against your total tax liability for the year your system was installed. This tax credit is 30% for systems ‘placed in service’ between January 1, 2022 and December 31, 2032. Additional incentives may be available for locating in low-income and former coal communities.

MACRS & Bonus Depreciation

Your business can recoup roughly 12-25% of original system price. Click here to learn more.

State Incentives

Illinois Solar Renewable Energy Credits (SRECs)

Recover 30-35% of the original solar system cost with cash payments upfront or over 7 years, depending on system size, from the Illinois Power Agency. (Not available with PPA). Solar Renewable Energy Credits are based on the production of your solar PV system. Click here to learn more.

$250/kW Smart Inverter Rebate in Illinois

A $250/kW (DC) smart inverter rebate is available for large commercial, nonprofit, and industrial solar systems, in Ameren Illinois and ComEd territories. These installations will be required to incorporate “smart” inverter technology, which will be accessible to the utility to facilitate grid reliability.  To receive this rebate, the business  must enroll in a net metering tariff that only applies net metering credits to the generation (wholesale rate) of your business’ bill. Your Project Developer can analyze the benefits of the Smart Inverter Rebate for your business. 

See Net Metering 101

Financing Options


Financial Case for Solar

What’s the price of installing solar power for commercial and industrial businesses? Every business solar project is unique. So actual pricing varies with each project. The first step for your StraightUp Solar project developer is to align your budget and the physical and electrical attributes of your site with your long-term financial goals. The most common factors impacting the cost of a solar power project include available space, current monthly bill and rate class, budget, and other site-specific characteristics.

Is My Business Good for Solar?

Take our handy 2-minute assessment to find out if your business or organization is a good fit for solar. Everyone’s situation is different, and we appreciate learning about your unique interest in solar. One of our solar specialists will reach out to you about your project to determine if it is a good fit for solar.

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When you choose StraightUp Solar for your commercial project, you receive a team of professionals dedicated to helping you contribute to the growth of solar in your community.

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