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Also known as PMLP
Residential Rate
Your Project, Our Responsibility — No lead sharing. Your dedicated NuWatt team handles design, permits, and installation.
Based on 8kW system at current rates
System Cost
$26,160
Massachusetts State Incentive
-$320
Net Cost
$25,840
Payback Period
15.4 years
Annual Savings
$1,680
25-Year Savings
$61,252
Peabody Municipal Light Plant serves customers in Peabody in Massachusetts with a residential electricity rate of $0.17 per kWh. This is 4% 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 Peabody Municipal Light Plant household using 900 kWh per month spends approximately $1,890 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $1,680 annually and $61,252 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 15.4 years.
As a municipal utility, Peabody Municipal Light Plant sets its own rates and policies independently, separate from Mass Save and ConnectedSolutions programs that serve investor-owned utility customers. However, Peabody Municipal Light Plant offers its own local rebate programs. Peabody Municipal Light Plant offers net metering, allowing solar customers to receive credits for excess energy sent back to the grid. Heat pump rebates of up to $1,500 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 Peabody Municipal Light Plant interconnection, ensuring you receive every available rebate.
Net Metering
Available
Third-Party Ownership
PPAs/Leases allowed
Net metering available.
Heat Pump
$1,500
Rebate available
Demand Response
Available
Connected Homes via NextZero ($30/month per enrolled device)
Review your recent Peabody Municipal Light Plant electricity bills to understand your average monthly kWh consumption. This helps determine the right solar system size. Most Peabody Municipal Light Plant customers use between 600-1,200 kWh per month.
Request a free, no-obligation solar estimate from NuWatt Energy. We analyze your roof, energy usage, and local sun exposure to design the optimal system for your home.
Receive a detailed proposal including system size, expected production, savings projections, and financing options. NuWatt offers cash purchase, solar loans, and lease options to fit your budget.
NuWatt takes care of all permitting and submits the interconnection application to Peabody Municipal Light Plant on your behalf. We handle all the paperwork so you don't have to.
Our certified installation team completes your solar installation in 1-3 days. NuWatt manages your entire project from start to finish.
After installation and inspection, Peabody Municipal Light Plant activates your net metering connection. Your system begins generating clean energy and reducing your electricity bill from day one.
Towns Served
ZIP Codes (1)
At $0.17/kWh, Peabody Municipal Light Plant customers see strong returns from solar.