Commercial Incentives
White Memorial - 11 kW
Pennsylvania State Incentive
The Pennsylvania Sunshine Program currently offers a rebate for small businesses. The maximum incentive for commercial PV is the lesser of $77,500 or 35% of installed costs, while the maximum incentive for commercial solar thermal is $20,000.
The requirements for commercial installations to qualify for the PA Sunshine program rebates are as follows:
- Minimum system size of 3kW
- $0.75/W for systems 3-10kW
- $0.50/W for next 90kW
- $0.25/W for next 100kW
- Incentives limited to first 200kW installed
- Must use a PA Sunshine program-approved installer
- PV systems must generally be grid-tied
- Shade and system performance analysis must indicate system output at least 80% of optimum.
Other Financing Options
- Power Purchasing Agreement (PPA)
Under a PPA, solar panels are installed with the total installation cost paid by a third party or PPA provider. Your business purchases the solar electricity directly from the PPA provider. Typically, terms are for 10, 15, or 20 years and clients see savings in electricity costs that increase over time.
- Business Loans and Equity Lines of Credit
Business loans and equity lines of credit offer another financial option. SSE’s solar systems provide a return on investment of 5 to 8 years on projects financed through business loans and equity lines of credit. Your SSE commercial system designer will clarify how term lengths and interest rates affect your return on investment.
Call us today to discuss the options available in your state or to schedule a free site evaluation of your commercial building.
