Commercial Solar
Incentives &
Financials

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

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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.

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Incentives

Discover incentives to help make solar more affordable for you.

Federal Incentives

26% Federal Investment Tax Credit

Receive 26% 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 26% for systems ‘placed in service’ by December 31, 2022. In 2023, the tax credit drops to 22% and then starting in January 2024 drops to 10% for commercial systems (0% for residential). Click here to visit Energy Star’s Renewable Energy Tax Credits.

MACRS & Bonus Depreciation

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

Illinois Incentives

Solar Renewable Energy Credits (SRECs)

Recover 20-30% 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

A $250/kW (DC) smart inverter rebate is available for large commercial, industrial, and non-profit systems, which are generally those in Ameren territory having a peak demand of over 150kW (rate DS-3 and above), and for ComEd customers, a peak demand more than 100kW. These installations will be required to incorporate “smart” inverter technology, which will be accessible to the utility to facilitate grid reliability. Note that these customers are eligible only for a so-called dual metering arrangement with credits per kWh at the utility’s ‘avoided cost’ (wholesale rate), if they elect to be designated as a Qualifying Facility.

See Net Metering 101

Missouri Incentives

Local / Regional Rebates

The Ameren Missouri rebate will give back $0.25/watt to the customer. This direct cash rebate is available until December 31, 2023. To qualify, the maximum array size is 25 kW (kilowatts) for a residential system and 150 kW for commercial.

Please see Ameren’s Customer-Owned Solar page for more information.

COMMERCIAL SOLAR
Financing Options

BUILDING THE

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.

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