Nearly 20% of the State’s energy comes from solar. Green Power Energy proudly serves Massachusetts out of our office in Needham, MA.
Available Purchase Offerings in Massachusetts:
Cash Purchase, $0 Down Solar Loan, $0 Down Solar Lease.
Available Products in Massachusetts:
Solar PV Installation, Home Battery Installation, EV Charging Installation
Massachusetts Solar Incentives
Solar Massachusetts Renewable Target (SMART) Program
The SMART Program pays you a fixed rate per kWh on the solar energy produced for 10 years. On average, homeowners can earn between $3,000 to $13,000 over the course of the 10-year program. The amount earned depends on the size of the solar system and the current incentive block from the utility company. Massachusetts also offers the owner of renewable energy systems a 15% credit off the system cost against their MA income tax with a $1,000 maximum credit amount.
Net Metering
Net Metering is a billing mechanism which allows grid- tied solar producers to put electricity that they do not use from their solar array back into the grid. When the solar produces more power than the site needs, the utility meter spins backwards, and the account holder will have a credit against future energy use. The solar producer is then billed for their total “net” usage at the end of the month, which is the balance between the power pulled from the grid and the power put back into the grid.
Federal Solar Tax Credit (ITC)
The Solar Investment Tax Credit (ITC) is a dollar-for-dollar federal tax credit which reduces a person or business’ tax liability based on the amount they have invested in a solar energy project. The residential and commercial ITC are both worth 26% of a solar project’s cost though 2022. For example, a $10,000 solar electricity system will be eligible for a $2,600 federal tax credit. Customers that purchase or finance their system through a solar loan are eligible for this incentive.
