Businesses
Take advantage of state, federal, and local incentives and financing mechanisms to lower the upfront cost of your solar system.
OVERVIEW
Businesses can take advantage of the cost-saving benefits of solar energy with an onsite solar project, a community solar subscription, or an offsite solution.
Businesses can accelerate their return on investment and lower or eliminate their upfront system cost with financing. Backed by our expert finance division, we offer modeling and brokering for all of the major project finance options including: Power Purchase Agreements, operating leases, PACE Financing, and more.
Click to Watch
To encourage the expansion of solar, governments, utilities, and other organizations offer solar tax breaks and financial incentives to make solar more affordable and accessible. With federal and state rebates at their peak, you can achieve the most savings with your solar array by acting quickly.
Click to Watch
DID YOU KNOW...
Estimated lifetime offsets for our solar arrays
0
MT
CO2 Avoided
0
Cars
Passenger Vehicles Driven
0
MT
Coal Not Burned
LOWER SYSTEM COST
The clean energy industry is scaling largely as a result of new finance options that remove the primary barriers to energy project investment.
A PPA is a third-party ownership model in which the building owner enters into a long-term, usually 15-25 year, energy contract with Pivot to purchase clean energy. Pivot owns and maintains the solar equipment while the building owner pays a predetermined dollar per kilowatt-hour rate for the electricity produced by the array, allowing businesses to go solar with a $0 upfront investment.
Under an operating lease, businesses pay monthly payments over a specific term for the solar array that is owned by Pivot. Pivot monetizes the investment tax credit and depreciation for the system throughout the lease term. After that term, the system can be sold to the business at a drastically reduced cost
PACE provides commercial property owners with low-risk, long-term financing for energy efficiency, water conservation, and on-site renewable energy installations. PACE structures a private loan as a property tax assessment to provide 100% financing for eligible improvements.
GO SOLAR TODAY
By taking advantage of financial incentives at the Federal, State, and Individual levels, you can reduce your upfront investment and shorten your return on investment period.
Known as the ITC, this tax credit allows businesses to deduct a portion of the cost of their solar system from their taxes. Following the passing of the Inflation Reduction Act, the ITC is set at 30% for the next ten years, with the ability to claim 10% tax credit adders. The ITC is now available for energy storage as well.
The legal environmental attribute generated from solar is called an SREC. Each SREC is the equivalent of 1,000 kWh of energy. In some regions, the utility or state will pay you for the SRECs produced by your facility’s solar energy installation.
Similar to the ITC, select states offer tax credits and other financial incentives that decrease your tax burden by installing solar. Credits vary significantly by state.
In select states, net metering requires utilities to provide bill credits for all electricity produced. Should your system overproduce, energy is credited towards future months of electricity consumption.