Are Solar Panels Free In Ma

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.

Are solar panels free in ma.

Buying solar power out right or financing yourself would be a great option as well. 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. Many people have the misconception that solar pv systems do not work in massachusetts due to new england s diverse weather conditions. Solar massachusetts renewable target smart one of massachusetts most exciting solar developments is the smart program.

Homeowners understand the value of property tax exemptions so it s good news that massachusetts is offering a tax exemption for residential solar systems. However the experts agree that massachusetts is an excellent location for solar systems. Don t be discouraged by the new england weather most experts agree that massachusetts is an excellent location for harnessing solar resources. Massachusetts is probably one of the best places to get solar panels for free using a power purchase agreement.

How long does it take to earn back your initial investment in solar panels. 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. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Being one of the best states for incentive in renewable energy it is no wonder that solar power companies are taking advantage of this.

The most significant incentive to install solar panels for homes and businesses in massachusetts is the federal solar tax credit. The average cost of a solar panel installation in massachusetts ranges from 13 515 to 18 285. With massachusetts electricity prices rising 18 in the past year residents are looking for a lower cost alternative to their utility. Solar panels in massachusetts are free in the sense that your solar payment will be lower than your energy costs right from the start.

For systems installed after december 31 2011 and before december 31 2016 the 30 tax grant becomes a 30 tax credit.