Holyoke Gas & Electric Department

Holyoke Gas & Electric Department serves customers in Holyoke in Massachusetts with a residential electricity rate of $0.18 per kWh. This is 5% above the national average of $0.168/kWh, meaning solar savings are especially significant for customers looking to reduce their energy costs.

At current rates, a typical Holyoke Gas & Electric Department household using 900 kWh per month spends approximately $1,901 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $1,690 annually and $61,602 over the 25-year life of the system. With Massachusetts incentives of $320, the net system cost drops to $25,840, with a payback period of just 15.3 years.

As a municipal utility, Holyoke Gas & Electric Department sets its own rates and policies independently, separate from Mass Save and ConnectedSolutions programs that serve investor-owned utility customers. However, Holyoke Gas & Electric Department offers its own local rebate programs. Holyoke Gas & Electric Department offers net metering, allowing solar customers to receive credits for excess energy sent back to the grid. Heat pump rebates of up to $3,000 are also available.

The federal residential solar tax credit (Section 25D) expired at the end of 2025. State and utility-level incentives are now the primary financial benefits for homeowners going solar. NuWatt Energy handles the entire process from system design through permits and Holyoke Gas & Electric Department interconnection, ensuring you receive every available rebate.