Page last updated on March 27, 2024 at 4:12 pm
Solar, Energy Efficiency, and Lighting Program - Solar Grants
Project Eligibility
- Solar PV installation or addition
- Minimum system size of 8kW
- All solar projects are completed by MPI Solar
SEEL Solar Grants and Additional Incentives
- $25,000 for a solar installation (minimum system size of 8kW)
In addition to the grants provided through the SEEL program, participants can take advantage of the following financing mechanisms and incentives. These are optional and are the responsibility of the applicant to pursue, though the City will provide guidance where possible.
- Federal Investment Tax Credit: In addition to the grant funding provided by the City of Bloomington, all organizations installing solar also qualify for the federal Solar Investment Tax Credit, which equates to 30% of the cost of the solar installation.
- Tax credit payment processes vary based on tax classification, and all participating organizations should refer to the Department of Energy’s Information Guide on the Investment Tax Credit for businesses to determine their eligibility and how to file.
- Renewable Energy Tax Credit: In Indiana, the Renewable Energy Property Tax Exemption allows for the assessed value of renewable energy systems to be exempt from property taxes.
- Low Interest Loans: If needed, solar loans are available through Hoosier Hills Credit Union or IFF to help fund solar projects. These lending opportunities are also available for eligible organizations who are not participating in the program.
- To learn more about financing through Hoosier Hills Credit Union, visit: www.hoosierhills.com/loans/local-solar-loan-financing-through-hoosier-hills-credit-union/
- To learn more about financing through IFF, visit: iff.org/our-services/capital-solutions/
Application and Program Process
The flowchart above shows the program workflow for all applicants participating in the solar track of the SEEL program. Find a detailed list of the step-by-step process under “Attachments” at the bottom. Start the application process online at www.cityofbloomington.smapply.io.
Start an application on the online portal.
Attachments
How To Apply Instructions_0.pdf
(328.29 KB)
CoB HHCU Funding Your Solar Project.pdf
(402.71 KB)