Affordable Solar Power Systems are the “wheel” of the 21st century!
It has become the leading way to derive your electrical power needs in an economical fashion. A reasonably designed roof mounted solar system provides electricity a $.05 per kilowatt hour average over 30 years. Compared to average electric company rates of $.15 per kilowatt hour. And also take into account, that the rate you pay now to your electric company will be much higher in 10,20 and 30 years from now![/vc_column_text][vc_empty_space height=”64px”][fp_section_title title=”Solar is Easy and Understandable!”][vc_column_text]
As a construction project, making “sure” of a roof structure and installing rail system and panels with requisite wiring is a rather efficient modular system to install. The majority of the work is done in a couple of days generally. Simple visual inspection easily confirms proper work. And the electrical wiring, components and connections must pass a battery of exacting tests to satisfy the building department. Therefore, the consumer will always know whether or not he has a good quality job.
Also, though the economics take in a lot of factors. With a little bit of patience, within about an hour of time a knowledgeable person with good communication skills can fully explain and verify the economics of each and every different customers system. The source of all the numbers(factors), can be shown and verified. How they relate to each other. And what they produce! All very straightforward and simple math. All sources of economic data verifiable and understandable. All resultant production numbers can be trusted because the customer will understand their source. Also, as far as economic projections go, and their veracity. The resulting produced economic numbers. (I.e. power produced and cash savings), are very accurate. You can expect 95% accuracy in real-world production over a given period of time.
Your Solar System will produce what it claims it will produce to within a few percentage points! This is one of the true beauties of the solar industry today.[/vc_column_text][vc_empty_space height=”64px”][/vc_column][vc_column width=”1/2″][fp_section_title title=”The Many Benefits of a Solar Powered Home or Business…”][vc_tta_accordion][vc_tta_section i_icon_fontawesome=”fa fa-money” add_icon=”true” title=”Solar puts cash in your pocket…” tab_id=”1488840143356-e19499e3-5d0f”][vc_column_text]You receive an equivalent amount of electrical power for an average 66% less dollars. Quite often, you can also sell any excess power you produce to the electric company at their retail rates!
Massachusetts is a national leader in solar energy and has some of the most ambitious solar goals in the country. Since 2007, the number of solar installers in Massachusetts has grown from 50 to more than 270, and there are currently more than 36,000 solar systems installed in the Commonwealth. For more information on solar technology and how to get started installing a system, please see the MassCEC’s Residential Guide to Solar Electricity and review the Finding a Solar Electric Installer page. For more information on solar financing models, please see the Clean Energy States Alliance Homeowner’s Guide to Solar Financing. If you live in a condo or multi-family home, you may also find the Department of Energy Resources’ Solar Guide for Condominium Owners and Associations helpful.[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-bolt” add_icon=”true” title=”Solar has fast payoff times!” tab_id=”1488840143356-65cb88ff-8ffa”][vc_column_text]When you purchase your system outright you can expect to have a payoff time between four and six years generally. If you have the need to finance your system, special solar loan vehicles at low rates are available! Thus, you begin saving on your electrical rates immediately![/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-line-chart” add_icon=”true” title=”Solar will increase your property value!” tab_id=”1488840428662-c26a807c-2933″][vc_column_text]Rule of thumb exhibited throughout the industry is that you can expect instant increase in your property value equivalent to at least the amount spent on the system! And the government provides the added benefit of making this property value nontaxable![/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-university” add_icon=”true” title=”Solar has federal and state incentives!” tab_id=”1488840503053-37f26e9d-9db5″][vc_column_text]Federal government gives you a dollar for dollar tax credit equivalent to 30% of the cost of the entire project! Most states also have a significant incentive. And quite often there are county and local programs providing further incentives also.
If you own a solar electric system in Massachusetts, you may be able to benefit from the following tax-based incentives:
- Federal Tax Credit: A 30 percent federal Investment Tax Credit (ITC) is available for qualified residential and commercial projects
- Massachusetts Personal Income Tax Credit: The lesser of 15% of the total cost of the solar electric system or $1,000, for qualified clean energy projects
- Five-year Modified Accelerated Cost Recovery System (MACRS): Business owners can depreciate solar electric systems over a five-years schedule
For more information on incentives that are offered for clean energy projects, please visit MassCEC’s Financing Clean Energy Projects page or the Database of State Incentives for Renewables and Efficiency (DSIRE).
Production-based Incentives and Benefits
Solar electric system owners can also realize long term economic benefits based on the production of their systems. These can include:
- Avoided Electricity Costs and Net Metering: Solar electric owners can utilize the electricity produced by their system to directly offset their electricity purchases from the grid. System owners may also be able to export power onto the grid when their systems produce more electricity than they can use. This process, called net metering, allows system owners to benefit from the unused electricity by applying bill credits from any excess electricity generated in one month to a future month’s bill. For more information on net metering and interconnection, please visit DOER’s Massachusetts DG and Interconnection web site.
- Solar Renewable Energy Certificates: Solar electric owners can generate income from the sale of Solar Renewable Energy Certificates (SRECs) generated based on the production of their systems. These are tradeable certificates that can be sold to retail electricity suppliers in the commonwealth. Retail electricity suppliers purchase these certificates in order to meet their state-required renewable energy targets. The Massachusetts Department of Energy Resources (DOER) qualifies eligible solar projects, allowing the owner to begin selling their generated SRECs in the market. For more information about SRECs, visit DOER’s About the RPS Solar Carve-Out II Program web page or the RPS Solar Carve-Out II Program Overview.