Financing Your Solar

Understanding Solar Pricing

Solar project pricing involves much more than simply calculating material and labor costs. Every property is different, which means each solar system must be carefully evaluated and customized based on the specific conditions of the project site.

Factors that may impact pricing include:

Roof type and pitch
Existing electrical equipment
Equipment accessibility
Shading and roof layout
Ground conditions
Utility requirements
Structural considerations
Battery storage options
Local permitting requirements

In addition to installation costs, solar projects also involve several administrative and processing steps prior to installation, including permitting, utility interconnection applications, engineering reviews, and incentive-related documentation.

Because of these variables, accurate solar pricing cannot typically be determined through a simple online estimate alone. For new installations, Martin Solar performs an on-site evaluation before providing a finalized proposal to help ensure system design, pricing, and project expectations are properly tailored to the property and customer goals.

Solar Incentives

Commercial Tax Credit

Commercial solar projects may qualify for a federal Investment Tax Credit (ITC), which can provide eligible businesses with a percentage-based tax incentive on qualified project costs. Additional incentive opportunities may also be available depending on project location and eligibility requirements.

Some commercial properties located within designated Energy Communities may qualify for an additional percentage increase to the available federal tax credit. Certain roof replacement expenses associated with commercial flat roof projects may also qualify when completed in conjunction with an eligible solar installation.

Illinois Shines Incentive

Martin Solar is an Approved Vendor with the Illinois Shines Program, a state-administered incentive program designed to support the development of new solar energy systems in Illinois.

Our team assists customers throughout the incentive process by helping manage required documentation, disclosures, application coordination, and project submission requirements from start to finish. Incentive availability, eligibility, contract terms, and payment structures are determined by current program guidelines and approved project qualifications.

Program details are subject to change, and incentive amounts are not guaranteed until projects receive final program approval.

Illinois Solar for All Incentive

Martin Solar participates in the Illinois Solar for All program as a Designee working alongside an Approved Vendor to help qualifying customers explore available solar opportunities.

Illinois Solar for All is designed to increase access to solar energy for income-eligible households and organizations throughout Illinois. Our team assists with project coordination, required documentation, and customer guidance throughout the process in partnership with the program’s Approved Vendor structure.

Program eligibility, participation requirements, savings, and customer benefits are subject to current program rules and approval processes established by Illinois Solar for All.

Utility (Ameren) Rebates

Certain utility rebate programs may provide additional savings opportunities for qualifying solar and battery storage projects. Martin Solar helps customers understand available Ameren incentive programs and assists with applicable documentation and submission requirements.

Some rebate opportunities may apply directly to qualifying solar installations, while additional incentives may be available for customers who install eligible battery storage systems. Program availability, rebate amounts, and eligibility requirements are subject to current utility guidelines and approval processes.

Martin Solar's Financing Solutions

Residential Solar Financing

Sungage Financial

Martin Solar partners with Sungage Financial to help provide residential solar financing options for qualifying customers. Sungage offers several financing structures, rates, and term lengths designed to help homeowners find a solution that best fits their budget and long-term energy goals.

Our team works closely with customers throughout the proposal and financing process to help simplify the experience and answer questions along the way. For additional information about available financing options, give us a call or visit the Sungage website.

Commercial Solar Financing

CM Energy

Martin Solar also partners with CM Energy Finance, a leading provider of commercial solar financing solutions, including Power Purchase Agreements (PPAs) and solar lease structures. Through this partnership, Martin Solar and CM Energy work together to help commercial customers explore financing options that may reduce large upfront investment costs.

These financing solutions can be especially beneficial for organizations such as nonprofits, schools, churches, and businesses looking to pursue solar energy while maintaining financial flexibility. Financing structures and eligibility vary by project and customer needs, allowing solutions to be tailored to each individual situation.