While the snowy weather may not bring solar power to mind, there has never been a better time to go solar in Massachusetts. Beyond the benefits of energy independence and a positive environmental impact, there are also meaningful financial benefits to going solar in MA. However, these financial benefits won’t be here forever! The town of Belmont offers solar rebates through Belmont Light, but access to these rebates is going away very soon.
What type of solar rebates are available in Massachusetts?
The MA Department of Energy Resources (DOER) has partnered with the Massachusetts Municipal Electric Cooperative (MMWEC) and Energy New England (ENE) to offer a rebate program for the installation of solar photovoltaic systems in certain Municipal Light Plant (MLP) service territories. This program expires at the end of June 2021. However, Belmont Light is running out of money far faster than that.
How does the Belmont solar rebate work?
The DOER and Belmont Light will offer a total solar rebate of $1.20 per watt, up to 50% of system costs, on installations of 25 kW or less. If you have a 7 kW system installed (an average sized system), that’s an $8,400 rebate!
How much money is left in the Belmont solar rebate program?
As of the end of January, there is just over $45,000 left of the initial $470,000 worth of solar rebate funds in Belmont. In order to secure funding, a homeowner needs to work with an installer like NuWatt Energy to proceed with the application. Once a contract is signed, we’ll secure your rebate right away to ensure you’re locked in.
How much money can I save going solar in Belmont?
We can look at the example of a real NuWatt customer in Belmont. NuWatt Energy installed a solar system for this customer in 2020, and the financial impact they received is shown below.
With this system, our example customer will save $41,497 over 25 years! Her monthly utility bill is reduced from $269 to $39, and she will get her money back within only 4.4 years. After getting a $17,952 rebate from Belmont, and a $12,386 tax credit from the federal government, her net system cost is only $11,700.
In addition to the great financial benefits this customer will see, she is also making a major positive impact on the environment. The amount of clean energy generated in each year compared to a conventional utility would be equivalent to:
What can I expect from NuWatt Energy?
Our experienced team will create a turnkey solution tailored to your unique situation. From the sales process to finally flipping the switch, our team will be there at every step. To learn more, reach out to us anytime at 877-772-6357. We’d love to support you on your journey toward going solar!