Now is a great time to look into solar for your business. We have solar solutions, and financing options, for any business sector such as manufacturing, agriculture, cold storage, warehouses, distribution, offices, and not-for-profits. If you looked into solar before and it didn't work it's time to look again. New state and federal incentives created in 2022 make the payback on solar almost too good to be true.
We would love to show you how! Come join the solar revolution!
The Modified Accelerated Cost Recovery System (MACRS) is a method of depreciation in which a business' investments in certain tangible property are recovered, for tax purposes, over a specified time period through annual deductions.
Illinois Shines is the brand name for the Adjustable Block Program, a program developed and managed by the Illinois Power Agency that supports the development of solar in Illinois.
The ITC is a 30% Tax Credit for individuals installing solar systems on residential property (under Section 25D of the tax code). This credit has helped the industry grow dramatically.
ComEd offers a Distributed Generation (DG) Rebate program to help you offset the out-of-pocket costs of installing a qualified renewable energy generating system.
Under current Illinois law full retail net metering will go away when the utility reaches 5% adoption. Get into retail net metering while you still can!
Bridge loans are a type of solar loan popular with customers who want to own their system but who need to manage the timing difference between installation and receipt of state and federal incentives. Since solar incentives in Illinois can account for more than 60% of the cost of a system, this type of loan allows customers to go solar with considerably less up-front investment.
A term loan is similar to mortgage. The term loans most frequently chosen by our customers have a 20-year term, but we also offer 15 and 10 year loans. This type of solar loan is great for customers who want to minimize the out-of-pocket cost of going solar but who still want to take advantage of the long-term economics of solar ownership. The payments on these loans can be smaller than the savings on utility bills that result from going solar.
We currently offer loans for $0 out of pocket for the first 12 months, giving you time to collect incentives and pay down the principal to keep your monthly payment as low as possible.
Solar Lease/Power Purchase Agreement
Just as with an automobile lease, with a solar lease you don’t actually purchase your solar system—you make payments for the right to use it over a period of time. Solar leases are great for consumers who want to immediately save money on their energy costs but who prefer not to invest in their system. Solar leases are also ideal for customers who don’t have a federal income tax liability and thus can’t take advantage of the federal tax credit for solar. Solar lease customers do not receive the federal tax credit or the Illinois Shines incentive, but rather benefit from those incentives through a lower monthly lease payment than they would otherwise receive.
Never worried about your solar panels again! Insured through Solar Insure, you can rest easy on their longstanding record of solar insurance experience.
Our customers are our number one priority, so whether you have a simple question or are in crisis, we’ll be there.
93Energy can file claims quickly and easily with our online claims portal.
Our warranties cover parts and labor, so you will never incur unexpected fees or out-of-pocket expenses.