CLICK HERE FOR ROOF INCENTIVES

Federal, state, local governments and utilities encourage investing in sustainability.  Incentives vary by state and utility. There are huge incentives for a New Roof & Solar including…

  • A Federal Tax Credit

  • “Bonus” accelerated depreciation

  • the Illinois Solar Renewable Energy Credit (..or SRECs)

  • Power Company Rebate. 

In addition, “solar” tax credits are valid for 22 years and can be used retroactively for up to 3 years, and credits are easily transferrable to other entities or individuals! Incentives are also available for compressors, lighting and HVAC upgrades. 

This 6 minute video explains some of the incentives available for your business!

Types of Solar Packages and Potential Pros & Cons

Solar Package No Cost
We offer a no cost solar package that provides 4 to 7 cents per kWh, including delivery and taxes, locked in for 25 years.

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Pros
No Capital Needed
Locked in Rate for 25 Years
No Negative Cash Flow
CO2 Reduction Number
Buy Out after 6 Years Cents on $
Cons
 No Tax Benefits
No State or Power Company Incentives
Rates Could Go Down

New Roof & Solar Package
We offer a solar package with incentives that can cover the costs of a new roof.

Pros
Cash Price Option 
Funded Option
Tax Benefits
State or Power Company Incentives 
CO2 Reduction Number
Incentives Offset the Roof Costs
Roof Only ~ Zero Payback
Cons
Cash Option Capital Needed
Funded Option 60 Payments
Impact on Cash Flow
Must Need Tax Benefits
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Solar & EV Charging Station Package
We provide a solar package which includes EV CHARGING STATIONS; with incentives covering costs.

Solar
Pros
Cash Price Option
Funded Option
Tax Benefits
State or Power Company Incentives
CO2 Reduction Number
Incentives Offset the EV Charger Costs
Cons
Cash Option Capital Needed
Funded Option 60 Payments
Impact on Cash Flow
Must Need Tax Benefits

1% Loan for Businesses
There is a US Treasury Backed Efficiency Loan Program for qualifying businesses to get a 1% Loan on 50% of the project cost,  others still can get 2% on 25% of the project. To qualify for the 1% on 50% of the project it depends on the manufacturer’s specific situation and actual location of the building.  The government wants manufacturers to be more efficient so they created this program and can work with your existing bank.  This program should help with cash flow, until the incentives offset the costs.

***As long as there are Efficiency Upgrades (solar, EV chargers, new roof, lighting, compressed air), other improvements including new manufacturing equipment can be included. 

Qualifying Manufacturer Example: 

1% Loan on 50%  

$100,000 Loan (7-year loan with 25-year Amortization) $50,000 at 7.5% and $50,000 at 1% 

Has a blended margin of 4.25%

 

Pros
Cash Price 
Longer Amortization Lower Payment
Tax Benefits
State or Power Company Incentives 
CO2 Reduction Number
Incentives Offset the Costs
Low Rate on Other Improvements, including New Manufacturing Equipment
Cons
Must make payments
Must need Tax Benefits
Blended Interest Rate
Must Need Tax Benefits
 
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Depending on the option you choose, the costs could be zero to a few million dollars…

  • Which option will best suit your needs?

  • What type of ROI are you looking for?

  • What percentage of offset would you need to see to make solar worthwhile?

  • How important are tax benefits to you?