Check out these ways to reduce your payback period, or the amount of time it takes to earn back your initial investment from savings in your utility bills:
JOIN A SOLAR CO-OP
Keep an eye out for future solar co-ops in the area. Solar United Neighbors and Solarize Indiana launched the Northern Indiana Solar and EV Charger co-op, in July 2021 and installed over 120kW of solar throughout the year. Co-op members leveraged bulk-purchasing power to get discounted pricing and a quality installation.
Learn more about the co-op experience by watching this Indiana Solar 101 webinar.
APPLY FOR EASSI
If your nonprofit owns or leases its facility in South Bend, apply for the Energy Assistance and Solar Savings Initiative. Your organization will be able to access solar energy and improve your energy efficiency!
EASSI provides subsidized energy assessments, grants, and low-interest loans.
CLAIM YOUR 30% FEDERAL TAX CREDIT
File IRS Form 5695 as part of your tax return. If you end up with a bigger credit than you have income tax due, you can carry the credit over to the following tax year. Consult a tax professional to guide you through this process.