CLEAN ENERGY INCENTIVE PROGRAMS
Massachusetts is leading the nation’s clean energy efforts. The Bay State has ranked #1 in energy efficiency year after year and has a history of having strong
solar incentives for property owners looking to own a solar panel system.
Success is Shared
The Massachusetts Department of Energy Resources (DOER), in conjunction with the participating utilities set their sights even higher for the most energy-efficient state by launching the Solar Massachusetts Renewable Target (SMART) program. SMART will encourage the development of solar photovoltaic (PV) technology by supporting 3,200 MW of new solar generating capacity.
WHY GO SOLAR?
Protect the Environment
Protect the Environment
– The U.S. Green Building Council reports that buildings contribute 39 percent of all carbon emissions in the United States
– The electricity that solar panels produce are completely emissions free
Help Grow the Local Economy – Support jobs
Help Grow the Local Economy – Support jobs
Business Benefits
Business Benefits
– Increased profits because of operating lower costs
– Increased revenue / client base due to socially responsible reputation
– Goodwill Value
Increased Property Values
Increased Property Values
U.S. Energy Independence
U.S. Energy Independence
The sun is a near-infinite source of energy and one of the world’s greatest resources. One recent study found that 25,000 square miles of solar panels (an area roughly the size of West Virginia) would generate enough electricity to power the entire world. By investing in solar power, you can help take advantage of the sun’s abundant resources and bring the United States one step closer to energy independence.
Global energy markets are notoriously unstable, and price fluctuations can have a serious impact on the U.S. economy. When we expand our capacity to generate solar electricity within the U.S., we also insulate ourselves from those price fluctuations and ensure a sustainable source of energy for the future.
Financial Incentives
Financial Incentives
– Federal Investment Tax Credit (ITC) – 30% remainder of 2023
– SMART Incentive Payment
– Renewable Energy Credit (RECs) – Up to 2.75 cents per kilowatt-hour
– Modified Accelerated Cost-Recovery System (MACRS), a five-year depreciation formula which currently includes a 100% bonus tax deduction in year one
Reduce / Eliminate Electric Bills
Reduce / Eliminate Electric Bills
– MA Residents pay some of the highest electricity rates in the country leading to short pay-back period
– Net Metering
– Avoid Utility Inflation
FREE QUOTE
Ready to install solar panels at your home? Get in touch with our energy experts.
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