Attention NIPSCO Customers
Are you taking your commercial electricity service from NIPSCO? Do you realize how much your electricity rate has increased over the past 10 years?
Your opportunity to hedge against future electricity rate increases is expiring as early as December 31, 2025. Recent federal legislation eliminates the federal Investment Tax Credit (ITC) for solar energy projects that do not begin construction before year end 2025. Once projects begin construction in NIPSCO service territory, they are grandfathered with an ITC of between 40% and 50% of the total project cost without having to comply with complicated rules regarding foreign component restrictions.
Taking into account the federal ITC, commercial solar projects in NIPSCO service territory can achieve investment rates of returns of around 34% and payback periods of less than 4 years. Returns depend upon your current rate, consumption profile and site characteristics.
Given the urgency imposed by the expiration of the federal ITC, Solscient is offering a no-cost Utility Rate Review and opportunity Assessment for NIPSCO commercial customers. Solscient will analyze your utility bill and determine whether you are on the most advantageous rate under NIPSCO's current tariff, and provide a comprehensive solar energy opportunity analysis demonstrating the energy cost savings and financial returns with solar energy, including available financing alternatives including leasing.
What rate are you currently on with NIPSCO?
Annual Inflation (CAGR) since
Rate 2016 2020
621 6.50% 7.10%
623 8.40% 9.30%
624 7.50% 8.90%
If you had ever considered the opportunity to reduce your energy costs and hedge against future inflation, this may be your last chance to take advantage of the federal Investment Tax Credit and achieve these attractive financial returns with solar. Contact us today and let's get started.
