The Investment Tax Credit (ITC) gives energy buyers a 30% tax credit on solar installation costs. Electric cooperatives do not have federal income tax liability due to their non-profit status and are therefore unable to directly take advantage of the ITC. To resolve this, cooperatives often contract through a power purchase agreement (PPA) with for-profit solar developers who are able to pass these savings on and provide solar at competitive prices.
You should consider taking advantage of these savings before the ITC begins stepping down in 2020.
Contact Shine at email@example.com to discuss how your cooperative can take advantage of the Investment Tax Credit.
CLICK BELOW for more resources detailing the Investment Tax Credit.Energy Sage ITC SEIA ITC Factsheet