Nonprofits can get over $100,000 from the government to go solar – here’s how you can save

Solar panels can provide incredible savings for a non-profit organization, but they have also proven to be financially out of reach for many organizations due to the initial installation costs. However, over the past few years the situation has changed. Biden Administration Inflation Reduction Act opened the door for nonprofits to recoup some of their solar energy costs; here’s how.

What incentives are available to nonprofits under an IRA?

Like a solar market EnergySage has explainedNon-profit organizations are entitled to certain tax benefits in accordance with IRA. Typically, NPOs simply cannot qualify to receive funds from an individual or business would; but in this case the NPO can receive direct payment For IRA tax benefits. This “direct payment“the system is also sometimes called”elective pay“

These tax incentives can cover a range of environmentally friendly activities, including investments in solar energy communityinstallation electric car charging stations and installation of wind power plants. And of course they cover installation solar panels.

If you were to install solar panels at home, which of these factors would be your main motivation?

Energy independence

Reduced electricity bills

Help the planet

No chance of me ever switching to solar energy

Click on your choice to see the results and give your opinion.

Specifically, the IRA has introduced tax credits of up to 30% for qualifying solar installation projects. Spend $100,000 on installation solar panelsand you can get $30,000 back within 4-18 months. Spend more than $330,000 on a large project and you could theoretically end up with $100,000 or more. Federal incentives may also be combined with state and local incentives. for EnergySage.

Why is greater access to solar panels important?

Solar panels can meet some or all of your organization’s energy needs, depending on your specific setup. By reducing or eliminating your electricity billthey will pay for themselves and then continue to generate savings. Behind the initial investment are decades of financial benefits that can reduce your nonprofit’s operating costs and free up funds for your important mission.

At the same time, using clean energy from solar panels reduces the need for dirty energy from the network, minimizing air pollution. This eco-friendly choice fits perfectly with the goals of many environmental non-profits and is also a nice bonus for many other non-profits.

How EnergySage Helps with Solar Installation

To get a better understanding of your organization’s capabilities, you can use EnergySageFree online tools to find service providers in your area. Get fast quotes on solar panel arrays and compare available quotes from trusted suppliers to get the most cost-effective installation for your organization.

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