Government and Nonprofit
Incentives &
Financials

You might have questions about how solar will add to your organization’s bottom line. Here we guide you through available incentives and financing options.

Switch For
Solar Savings

Government and nonprofit dollars are finite. Stretch them further by lowering one of the largest operating expenses: your monthly electric bill. For Illinois organizations, a solar power purchase agreement (PPA) allows you to do just that along with no need for a capital outlay. Solar financing for government and nonprofit organizations are making it affordable for tax-exempt entities.

Solar electricity has tremendous benefits for
Nonprofits & Government Institutions

GOVERNMENT & NONPROFIT
Solar Incentives

Discover incentives to help make solar more affordable for you.

Federal Incentives

The bedrock of solar financials are the 26% federal Investment Tax Credit and federal MACRS depreciation which return a large portion of the original system cost. These remain a significant financial incentive for going solar, but unfortunately are not available to tax-exempt entities.

A third-party investor can install and own a system on a tax exempt organization’s property and take full advantage of the federal tax incentives. The third party is then in a position to pass on some of the resulting monthly savings to their host.

Such a partnership could be structured in a number of different ways.  See your State’s Financing options to learn more.

Illinois Incentives

When a third party investor is involved (ex: PPA) they take these incentives along with the federal tax incentives, and pass some of the financial benefit to you by selling you the array’s electricity at a lower than standard grid rate.

Solar Renewable Energy Credits (SRECs)

Recover a significant portion of the original system cost with cash payments upfront or over 5 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.

Learn more about SRECs.

$250/kW Smart Inverter Rebate

A new $250/kW (DC) smart inverter rebate will soon be 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

When a third party investor is involved (ex: PPA) they take these incentives along with the federal tax incentives, and pass some of the financial benefit to you by selling you the array’s electricity at a lower than standard grid rate.

Local Rebates

Empire District Rebate — The utility offers its residential and commercial customers a one-time rebate of $0.50/watt ($500/kilowatt) of installed solar electricity generation.  Go to the Empire District Solar Rebate  to learn more.  Time limited:  rebate will continue until state required outlay has been met.

City of Columbia Power and Light Rebate — Funding has been exhausted as of the summer of 2017, though there is a waiting list should additional funding become available during this fiscal year.  The program will likely be re-funded in 2018, though it is not clear if wait-listed systems will be eligible for the new funding   The utility offers all customers a one-time rebate of $.50/watt ($500/kilowatt) of installed solar electricity generation.  Go to the City of Columbia P&L Solar Rebate to learn more.

Solar-Powered Government & Nonprofits
Financing Options

A solar loan allows you to purchase a solar system and pay it off over time. The types of solar loans include:

Building the Financial Case for Solar

StraightUp Solar works with government and non-profit organizations of all types to lower one of their largest operating expenses. StraightUp Solar is a mission-focused B Corp. Our mission is to empower communities to create a sustainable future by incorporating the benefits of solar electricity.

See Our Solar Smiles

STRAIGHTUP SOLAR
Learning Center

LOCAL BUSINESSES
Trust StraightUp Solar

Start Your Free, Custom Solar Quote Today