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It Benefits Me

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Financial Benefits

The benefits of installing a solar array are: You reduce or eliminate your electric bill You can take a Federal Tax Credit of 30% towards the purchase price for your home or business. You can take State Tax Credit of 15% (up to $1000, lifetime limit) towards the purchase price You can get a Commonwealth …

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Negative NStar Bill

Net Metering Example

System Size – 5kW (5,000 watts) Annual Production ~6.000 kWh Annual Usage Onsite ~7,500 kWh June Produce 850 kWh Use 600 kWh Receive 250 kWh credit (in $) December Produce 175 kWh Use 600 kWh Pay for 425 kWh on electric bill     You will have lower or no bills.  

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SRECS

Solar Renewable Energy Credits SRECS SRECs are production subsidies paid to you even if you use the electricity yourself. SRECs represent the “green” attributes of the renewable generation source. Utilities are required to purchase SRECs every year. Small-scale project owners will work with SREC aggregators or brokers to sell SRECs to utilities. Projects are eligible …

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Ownership Financial Example

Wellfleet Example – SREC II Rebates In this example we assume that a homeowner purchases a 5kW rooftop solar system at the basic rate, with no “extras”.  The example is based on the final draft of the SREC II program that will take effect at the end of the first or beginning of the second quarter of …

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Second Financial Example

Wellfleet Micro-inverter Example with “Adders” In this example we assume that a homeowner purchases a 5kW rooftop solar system at the basic rate, with micro-inverters and $1500 in other “extras”.  The example is based on the final draft of the SREC II program that will take effect at the end of the first or beginning of the …

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Lease Financial Example

Proform PPA example Wellfleet Example In this example we assume that the homeowner decides to enter into a lease/purchase agreement.  The homeowner receives a single initial payment of $1250 at the start of the contract, assuming we reach Tier 5.  In addition, the homeowner agrees to purchase electricity at the rate of 13.5 cents per …

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MASSACHUSETTS Incentives/Policies for Renewables & Efficiency

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