Accelerating the Clean Energy Transition

How New Incentives Make Solar More Affordable and Accessible in Our Community
Wed, Nov 1, 2023 
12:00 PM

There’s so much to celebrate in solar this past year! Join Shannon Fulton, Vice President of Development and Policy at StraightUp Solar, and Ky Ajayi, Solar Access Manager and Project Developer to review the one-year anniversary of the landmark Inflation Reduction Act (IRA). Find out how the IRA incentives spurred more solar development for businesses across Illinois and Missouri. We’ll walk you through a solar project, revealing how new credits can shorten your payback period.

Tune in to discover how the Inflation Reduction Act:

  • Stabilizes the 30% Federal Investment Tax Credit (FITC) for homeowners and businesses.
  • Establishes a new tax credit for energy communities and low-income properties.
  • Provides a simpler way for nonprofits to pay for solar with Elective Pay.
  • Adds equity value to the FITC for Nonprofits and municipalities.
  • Increases REAP program funding to expand solar for rural businesses.
  • Significantly reduces solar project costs for businesses when paired with Illinois Solar Renewable Energy Credits (SRECs) and depreciation allowances.
  • Expands access to solar in income-eligible and environmental justice communities when coupled with the Illinois Solar For All program.

Go Solar Today!