Financing Resources

Federal Solar Tax Credits for Businesses

Office of Energy Efficiency & Renewable Energy

There are two tax credits available for businesses and other entities like nonprofits and local and tribal governments that purchase solar energy systems.

The investment tax credit (ITC) is a tax credit that reduces the federal income tax liability for a percentage of the cost of a solar system that is installed during the tax year.
The production tax credit (PTC) is a per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying technologies for the first 10 years of a system’s operation. It reduces the federal income tax liability and is adjusted annually for inflation.

Learn more details from energy.gov .

Michigan Saves

Clean Energy Financing for Commercial Buildings

Commercial property users—whether large or small, charitable, industrial, or otherwise—can slash their expenses with clean energy and keep more money for the things that matter most.

The Solar Faithful project team, which includes the Climate Witness Project, World Renew, Michigan Interfaith Power & Light, Chart House Energy, and other organizations are partnering to increase adoption of solar in houses of worship, religious schools and other faith-based nonprofits. This will be accomplished by offering direct purchase or no-cost Power Purchase Agreement (PPA) options.