Currently there are great incentives available for installing solar energy systems on Cape Cod. We have provided a simple breakdown of some the incentives that you might be able to take advantage of below. If you have questions or would like to know more about how much you can save, call SunPower by E2 Solar at (508) 802-4344.
The Massachusetts Clean Energy Center (CEC) offers low-interest (Interest Rate Buy-Downs, IRBD), fixed rate loans plus loan support (Income-Based Loan Support, IBLS) of up to 30% for income-qualified residents. The Mass Solar Loan Program connects Massachusetts residents and property owners who want to purchase solar electric systems with Lenders that can offer low-interest financing for solar PV projects.
In the state of Massachusetts there is a Residential Renewable Energy Income
Tax Credit that is applicable to solar (photovoltaics and solar thermal),
and wind installations. Homeowners will receive a credit of 15% of the
installed system cost, capped at $1,000. The state tax credit is available
only for installed systems on an individual’s primary residence.
On the federal level there is a solar tax credit of 30% of the installed cost of a solar thermal or photovoltaic system. There are significantly greater tax credits available for businesses, including depreciation incentives.
For the most current information on the available tax credits and to find out more about Solar installation incentives for Cape Cod businesses, go to the Database of State Incentives for Renewable Energy
Through the Green Communities Act of 2009, Massachusetts utility companies are required to have renewable energy in their portfolios. This has helped create demand for what are called Solar Renewable Energy Credits, or SRECs which are sold on an open market. What this means, is that any electricity that your photovoltaic system produces creates an income stream for you. This is on top of the savings realized by reduced electricity bills.
Energy efficiency is a worthwhile investment. We design and install new systems using the most state-of-the-art SunPower PV panels and use intelligent strategies to get you the fastest possible return on your investment. Depending on your monthly energy use, solar power can reduce your monthly energy bills by half or eliminate them entirely.
The cost of going solar can vary greatly from home to home. New designs are based on the size of your home, its position to the sun at various times of the day, and your home’s average energy usage. We take the time to look at all of these factors a design a system that works for your family and your property.
Many of our clients are excited by the amount of money they save but there are a number of addition benefits from going solar. When you install clean, renewable energy, you do your part in reducing your carbon footprint to save the planet for your children.
Massachusetts currently offers a 15% rebate off the total cost of your new solar energy system, capped at $1,000. Combined with the Federal tax credit of 30%, you can save from the moment your panels are installed. Clean Energy Center (CEC) also offers rebates for up to 30% off.
We only use the highest quality SunPower technology to ensure systems that last for years. Our team of expert Cape Cod solar technicians are dedicated to providing your home with the service and satisfaction you need to deliver unsurpassed results based on truly custom and intelligent designs.
Schedule a Free EstimateOur expert technicians investigate your property to design an intelligent system that makes the most of the sun’s power.
Install Your SystemUsing some of the best technology in the business, we install PV panels that hold up to the weather and will last years.
Start SavingAfter thorough quality checks, we activate your new solar energy system and you seeing the savings on your monthly energy bills.