Balance Solar's services center around its ability to monetize Federal Investment Tax Credits for municipal and nonprofit solar customers.
Federal Investment Tax Credits have been available in the solar industry since 2006 and have become the solar incentive because of their federal status. Although the tax credit is available in all 50 states, Balance Solar's participation is restricted to states that allow third party ownership of solar panels. More information on third party ownership can be found at the State Policy Opportunity Tracker (SPOT) for Clean Energy website.
Nonprofits and municipalities can monetize the Federal Investment Tax Credit through Balance Solar's Prepaid PPA. Balance Solar's Prepaid PPA is a short-term agreement.
Instead of purchasing a solar panel system upfront, customers can use a Power Purchase Agreement to purchase the electricity their systems produce. PPAs are long-term agreements.
Low income and environmental justice communities in Illinois can receive an outstanding deal through the Illinois Solar for All Program.
