Financing Options That Meet Your Needs.

Solar Financing Made Simple.

Solar projects need to make fiscal sense for your organization. Our knowledge of state, federal and utility incentive programs allow us to maximize your savings.

Each solar project has different objectives – that’s why we offer flexible options that make the most sense for your organization. We create and share a year-by-year savings breakdown before your contract is signed in order to provide a complete picture of your solar investment.  

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Down PaymentPurchase$0 Down$0 Down
Tax CreditsYouYouNEE
Energy Monitoring
System Warranty
Payment TermPaid in Full10-20 Years15-25 Years


PACE Financing (Loan)

Property-Assessed Clean Energy (PACE) financing allows commercial property owners to borrow money to pay for renewable energy improvements such as solar electric systems. The amount borrowed is repaid via a special property tax assessment over time, typically 10-20 years. The MinnPACE website is a great resource for more info. 


Read More about PACE Financing

Cash Purchase 

For organizations interested in owning their own solar system, a cash purchase offers the highest return on investment. It allows your organization to take advantage of all available tax credits while saving the most money in the long run. If you are taking out a loan, you can work with one of our approved lending partners or your existing lender.


Learn About the Solar ITC

Power Purchase Agreement (PPA)

A Solar Power Purchase Agreement allows you to install your solar system for no upfront cost. IPS and its investors own, operate, and maintain the system while providing power to your organization for less than the utility’s rate.


Learn About PPAs

Community Solar Subscriptions

A CSG subscription is an easy way for your organization to secure guaranteed monthly energy savings without any upfront costs. For every kilowatt-hour produced by your portion of the garden, you’ll get a bill credit from the utility. Rates are set, so you know your savings in advance. The larger your subscription, the more you save.

More About CSGs

State, Federal, & Utility Incentives

Solar Investment Tax Credit 

The ITC is a tax credit that can be claimed on federal income taxes for 26% of the cost of a solar photovoltaic (PV) system. The tax credit rate decreases to 22% at the end of 2022, and again to 10% at the end of 2023. For more information on the ITC and the scheduled rate step-down continue reading


Xcel Energy Solar*Rewards Program

Xcel Energy’s Solar*Rewards® program provides a financial incentive for businesses and public entities to install solar power. Monthly payments are made to the owner of the solar system in exchange for Renewable Energy Credits (RECs) produced by solar. This is known as a performance-based incentive or PBI. Learn more here.


Minneapolis Green Cost Share Program

The City of Minneapolis is offering an incentive to install solar: the Green Cost Share Program. Qualifying projects will be compensated based on the solar array’s projected first year kilowatt hour production, up to $50,000. Funding ranges from $.20 to $.40. Learn more here


Opportunity Zones

Opportunity zones are certified low-income areas into which investors can deploy capital for value-adding projects, in exchange for federal capital gains tax and other advantages. By investing in opportunity zones an investor’s capital gains rate can be reduced by 50% to 75% depending on how long the investment is held. Opportunity zone funds can be used for solar, microgrids, electric vehicle charging stations, and energy storage. Learn more here

Financial Partners 

We work with national project development and finance companies to deliver sourcing from private, public and institutional investors. These successful partnerships allow Impact Power Solutions to provide local knowledge and national strength.