Commercial and Nonprofit Solutions

If you’re a business owner, going solar could be one of the best ways to lower your operating costs and save money.

Today, businesses of all sizes install solar panels. Whether you're looking to build a sustainable brand image, earn a strong financial return, or improve employee retention, solar offers many potential benefits to your business.

Why Choose Impact Solar Solutions?

Founded and staffed by Certified Solar Professionals, Impact Solar Solutions is committed to Excellence in Design and Construction. We're Industry Professionals who are passionate about Quality.

Commercial Solar is Affordable, thanks to Incentives

The upfront cost of a commercial solar panel system may seem overwhelming, but many incentives significantly lower the price. The cost of your system will come down to its size, its system design (rooftop, solar carport canopy, or ground-mounted), and your eligibility for incentives and rebates.

Here are some of the best solar incentives available today for businesses, which can reduce the cost of your system by nearly 70%:

Federal Investment Tax Credit (ITC): Whether you’re a business owner or homeowner, the federal tax credit is the most significant financial incentive for all solar shoppers. At least until 2025, the ITC provides a tax credit equal to 30% of the upfront cost of solar for businesses. It’s a credit, not a deduction, meaning if your project costs $100,000, the ITC reduces the amount you owe the federal government in taxes by $30,000. If your system includes U.S.-manufactured equipment, is located in an energy community, is located in a low-income community or tribal land, or is installed as part of a low-income residential building project or economic benefit system, you may also qualify for additional tax credits on top of the 30%!
Production Tax Credit (PTC): Instead of receiving the ITC, you can choose to get tax credits based on the amount of electricity your system produces (on a dollar per kilowatt-hour, $/kWh basis) through the PTC. If your project produces a lot of electricity and is relatively inexpensive to build, you may save more with the PTC than the ITC.
Modified Accelerated Cost Recovery System (MACRS): MACRS is a depreciation benefit that allows you to lower your taxable earnings and recover the depreciated value of your solar installation over five years. When you combine MACRS with the solar tax credit, you can earn tax incentives worth about 70% of your system’s cost.
Bonus depreciation: Bonus depreciation is similar to MACRS, but you take the full depreciation benefit in the first year of your investment instead of over five years. You have to choose between MACRS and bonus depreciation.

Your Business can save thousands with Solar

Commercial solar provides a great return on investment. According to the U.S. Energy Information Administration (EIA), in 2021, the average commercial building spent $650.04 on electricity (likely on par with most small-to-mid-sized-businesses). Over a year, this equates to $7,800 in operating expenses. Over 20 years, that business will spend about $156,010 on energy costs.

Based on the same EIA dataset, the average commercial property consumed about 69,540 kWh of electricity in 2021.

How big of a system does your business need to offset your usage? We can calculate that with you while discussing your specific business needs.

An example system size of 45 kW. According to our table above, a 45 kW system costs about $39,150, including the ITC and five-year depreciation with MACRS.

Over 20 years, said business will save about $101,259 in electricity costs with solar:

20-year savings = 20-year electricity costs ($156,010) - upfront solar energy system cost including incentives ($39,150)

Beyond the direct financial benefits, installing solar panels can also help your business protect itself against electricity price volatility and inflation. In many states, the price of electricity can fluctuate significantly due to demand, creating a headache for business owners who closely manage their cash flow. With solar, your business can lock in electricity prices and reduce reliance on the unpredictable electricity market, making it easier to budget and plan for the future.

Solar for Nonprofits

Solar Financing for Nonprofits to help achieve Financial Freedom

For Nonprofit organizations specifically, safeguarding funds to continue the mission is a critical task. According to the U.S. Energy Information Administration (EIA), in 2021, the average commercial building spent $650.04 on electricity. Over a year, this equates to $7,800 in operating expenses. Over 20 years this is roughly $156,010 on energy costs; these costs take away from your mission.

Impact Solar Solutions works with an investor backed organization whose primary mission is to fund renewable projects for nonprofit organizations. They have a diverse range of financing options; one of which is a low-interest loan to fund 100% of the cost of a solar installation, generating savings from day one!

To date they have funded more than 200 churches, schools, and other nonprofit organizations around the United States. Contact Impact Solar Solutions to start the conversation on how we can help you increase your bottom line and better support your cause.

Key Commercial Considerations

There are many incentives available to businesses that can lower the cost of commercial solar by about 70%, making it very cost-effective.
- Federal Incentive Tax Credit
- MACRS (Modified Accelerated Cost Recovery System)
- Bonus Depreciation
- Net Metering
The average mid-sized or small business will save about $101,259 in electricity costs with solar!
Going solar can help your business attract more customers and better employees.
Commercial solar projects support your local economy.
- When businesses contract with solar companies, workers in the local market complete the installations. Greater demand for solar projects increases the availability of high-quality, well-paying jobs. As of 2023, there are over 300,000 solar jobs nationwide, which represents a 9% increase year-over-year.
- Depending on the size and scope of your project, you could provide jobs for multiple crews of contractors for over a month at a time. In the future, these workers could become your customers.

Site Suitability Assessment

Determining the suitability of your site for solar is crucial. Impact Solar Solutions conducts thorough site eligibility assessments, considering various factors, to determine the feasibility and effectiveness of solar integration for your property. From there we use design software to confirm the best placement of your modules for maximum production

Streamlined Paperwork and Agreements

At Impact Solar Solutions, we handle all the necessary paperwork and agreements with efficiency and transparency. Our team ensures that the process of transitioning to solar energy is smooth and hassle-free for our clients. We will keep you updated throughout the process to ensure you are always aware of the status of your project.

Professional Installation and Regulatory Compliance

Trust Impact Solar Solutions for professional installation and adherence to regulatory requirements. Our team of installers has years of experience and familiarity with the National Electric Code (NEC) and various jurisdictional requirements. There will be no surprises or issues with our installation.

Seamless Utility Connection

Impact Solar Solutions facilitates a seamless utility interconnection process. We will handle all of the paperwork and applications required to tie your system to the grid.

Follow on Service and Support, Monitoring, and Assistance after the Installation

We install Enphase microinverters with our systems, allowing industry best system monitoring for your system.

On the slight chance there is a performance issue with any of your modules or microinverters, we will be notified and available to make any necessary corrections.

IRS Form 5695 Needed for Claiming Tax Credit