Rebates

State, Tax Credits & Grants

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New Hampshire

 Residential – New Hampshire has a residential solar rebate of $.20/Watt up to $1,000 click here for more information

Commercial and Industrial – New Hampshire has a Commercial and Industrial rebate of $.40/Watt  click here for more information

Massachusetts

Performance based Incentives – Solar Massachusetts Renewable Target (SMART) - A long-term, sustainable solar incentive program to promote cost-effective solar development in the commonwealth click here for more information

Tax Credits and Grants

 Federal Investment Tax Credit (ITC) 30% of total project cost

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Business MACR’s Depreciation (6 year accelerated depreciation)

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USDA REAP GRANT If qualified, Up to 25% of the total project cost.

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Additional Information

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What is Net Metering?

Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home’s rooftop, it may generate more electricity than the home uses during daylight hours. If the home is net-metered, the electricity meter will run backwards to provide a credit against what electricity is consumed at night or other periods where the home’s electricity use exceeds the system’s output. Customers are only billed for their “net” energy use. Net metering allows utility customers to generate their own electricity cleanly and efficiently. During the day, most solar customers produce more electricity than they consume; net metering allows them to export that power to the grid and reduce their future electric bills. 


Source: From Wikipedia, the free encyclopedia

http://en.wikipedia.org/wiki/Net_metering

What are REC’s/SREC’s?

In SREC state markets, the Renewable Portfolio Standard (RPS) requires electricity suppliers to secure a portion of their electricity from solar generators. The SREC program provides a means for Solar Renewable Energy Certificates (SRECs) to be created for every megawatt-hour of solar electricity created.

The SREC is sold separately from the electricity and represents the “solar” aspect of the electricity that was produced. The value of an SREC is determined by the market subject to supply and demand constraints. SRECs can be sold to electricity suppliers needing to meet their solar RPS requirement. The market is typically capped by a fine or solar alternative compliance payment (SACP) paid by any electricity suppliers for every SREC they fall short of the requirement. Solar Endeavors will set you up with a SREC aggregator to sell these SREC for you. Your system will generate Income for you!!


Source: From Wikipedia, the free encyclopedia

http://en.wikipedia.org/wiki/Solar_Renewable_Energy_Certificate

Our Service Area

 New Hampshire, Massachusetts, Maine