Are Solar Panels Free In Ma

How long does it take to earn back your initial investment in solar panels.

Are solar panels free in ma.

Buying solar power out right or financing yourself would be a great option as well. For systems installed after december 31 2011 and before december 31 2016 the 30 tax grant becomes a 30 tax credit. With this incentive the state of massachusetts pays eversource national grid and until customers a fixed rate per kilowatt hour kwh of solar energy produced for 10 years. Solar power in massachusetts has been increasing rapidly due to section 1603 grants for installations that began before december 31 2011 and the sale of srecs for 0 30 kwh which allows payback for the system within 5 or 6 years and generates income for the life of the system.

Solar energy is an abundant renewable resource that is integral to our clean energy portfolio in massachusetts. 7 and since purchased solar systems may increase the value of your home by up to 15 000 on average 8 you ll get even more bang for your buck if you decide to move. Solar massachusetts renewable target smart one of massachusetts most exciting solar developments is the smart program. Don t be discouraged by the new england weather most experts agree that massachusetts is an excellent location for harnessing solar resources.

However the experts agree that massachusetts is an excellent location for solar systems. Homeowners understand the value of property tax exemptions so it s good news that massachusetts is offering a tax exemption for residential solar systems. Massachusetts is probably one of the best places to get solar panels for free using a power purchase agreement. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

On a cost per watt w basis a solar panel installation in massachusetts ranges in price from 2 70 to 3 66. Solar panels in massachusetts are free in the sense that your solar payment will be lower than your energy costs right from the start. The massachusetts department of energy resources doer and the massachusetts clean energy center masscec have launched the mass solar loan program for massachusetts residents interested in directly owning their solar electric projects. With massachusetts electricity prices rising 18 in the past year residents are looking for a lower cost alternative to their utility.

Many people have the misconception that solar pv systems do not work in massachusetts due to new england s diverse weather conditions.