This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer.
Indiana offers several solar incentives that can reduce solar system project costs for commercial businesses.
Indiana Property Tax Exemption
Solar energy systems in Indiana qualify for a property tax exemption, meaning the cost of the system will not be added to the total taxable value of your property.
Fill out our interest form to get connected with one of our trusted installers and find out which regional solar incentives you may qualify for!
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Federal Incentives Available in Indiana
Business owners can leverage various federal solar incentives in combination with Indiana's property tax exemption. Together, these incentives can substantially lower the cost of installing a solar system.
- Business Energy Investment Tax Credit (ITC)
The business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district.
Connect with a local installer to find out if you qualify for additional tax credits.
- Renewable Electricity Production Tax Credit (PTC)
Business owners in Indiana may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.
Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.
- Modified Accelerated Cost-Recovery System (MACRS)
Indiana business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
- Indiana Commercial Property-Assessed Clean Energy (C-PACE)
C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.
- Rural Energy for America Program (REAP Grant)
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
This grant is only available if you own a small business in an area with less than 50,000 in total population.
Connect with a local Indiana installer to see which incentives can contribute to your solar system.
Get Connected with a IN Installer!
As the leading solar equipment distributor in the United States, Greentech Renewables goes beyond supply by connecting business owners with our extensive network of trusted local installers across Indiana. Partnering with one of our Indiana Greentech Renewables locations, our installers will support you through every step of your solar project, from developing a tailored proposal and designing the system to sourcing materials and completing the installation. Fill out our interest form to get connected with the best IN installer for you!
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