Switching to solar in Southern Massachusetts is now more affordable than ever, thanks to a variety of state and federal incentives. 🌍 Whether you prefer to purchase, finance, or take advantage of third-party ownership (TPO) options like Power Purchase Agreements (PPAs), this guide will help you maximize your savings and reduce upfront costs.
Federal & State Solar Incentives 💰
\1. Federal Solar Tax Credit (ITC) 🌞
The Federal Investment Tax Credit (ITC) allows homeowners to deduct 30% of the total cost of their solar panel system from their federal taxes.
Example Savings:
System Size | Estimated Cost | 30% Tax Credit Savings |
5 kW | $15,000 | $4,500 |
7 kW | $21,000 | $6,300 |
10 kW | $30,000 | $9,000 |
🔗 Learn more about the ITC
2. Mass Save Solar Rebates & Loans 🏡
Mass Save offers financial incentives to help Massachusetts residents transition to solar energy. 🌱
Mass Save HEAT Loan: Provides 0% interest financing for qualifying energy-efficient upgrades, including solar panel installations.
Solar Rebates: Limited-time incentives are available for homeowners investing in renewable energy systems.
🔗 Apply through Mass Save
3. Renewable Energy Certificates (RECs) 💡
Massachusetts homeowners with solar can earn Renewable Energy Certificates (RECs) for the clean energy they generate. These credits can be sold to utilities to earn extra income. 💸
REC Earnings Estimate:
System Size | Annual Production (kWh) | REC Rate ($0.03/kWh) | Estimated Annual Earnings |
5 kW | 6,000 | $0.03 | $180 |
7 kW | 8,400 | $0.03 | $252 |
10 kW | 12,000 | $0.03 | $360 |
📌 REC rates fluctuate, so earnings may vary based on market demand.
🔗 More on Massachusetts RECs
No Upfront Cost Solar Options: TPO & PPAs ⚡
For homeowners who don’t want to pay upfront or take out a loan, third-party ownership (TPO) options like Power Purchase Agreements (PPAs) and Solar Leases offer an easy way to go solar.
What is a Solar PPA?
With a Power Purchase Agreement (PPA), a solar provider installs a system on your home at no cost, and you pay a lower fixed rate for the electricity it generates—usually 20-30% less than your current utility rate. 📉
What is a Solar Lease?
A solar lease works similarly, but instead of paying for electricity, you pay a fixed monthly fee to rent the solar equipment.
Benefits of TPO Solar: ✅ No upfront costs or maintenance fees ✅ Lower electricity bills from day one ✅ Fixed or predictable rates for the duration of the agreement ✅ No responsibility for system maintenance or repairs
🔗 Talk to our experts to see if a PPA or Lease is right for you!
Maximize Your Savings with Solar 🌞
With solar incentives, tax credits, and flexible financing options, Southern Massachusetts homeowners can go solar with minimal upfront costs and start saving right away. Whether you choose to purchase, finance, or lease, you can lower your electricity bills while supporting clean energy. 🌎
📅 Book a Free Consultation Today:
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