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Rebates and Incentives

Solar Power is more affordable than ever for Massachusetts homeowners.

With the variety of financial options and incentives available, SolarFlair understands that going solar can be confusing for homeowners which is why we will take the time to explain ALL of the options.  At SolarFlair, we take an advisory approach to helping customers understand the solar opportunity and we will take the time to thoroughly explain everything. We take the guesswork out of residential solar power.

Here is a list of available incentives with links to the most up-to-date information regarding state and federal grants, incentives and rebates:

Solar Renewable Energy Certificate (SREC) market: 

The SREC program is an innovative, production-based incentive for Massachusetts solar owners. We understand the complexity of the SREC market and we will provide a transparent, accurate explanation to all of our customers.

 Here’s a description of how it works:

Electricity produced by qualified solar PV systems is broken into two products:

1) The electricity production that is used on-site or delivered to the grid.

2) The positive environmental attributes associated with this clean energy production.

SRECs represent the second product. One SREC is created each time a solar PV system generates 1.25 MWh (or 1250 kWh). The SREC is created electronically and deposited in the homeowner's account that is set up by SolarFlair. The homeowner is able to sell the SRECs quarterly through their brokerage account. The proceeds from this sale are sent to the homeowner in the form of a check.

SREC program made Simple:

1 SREC= 1,250 kWh’s (1.25 mWh)

For an average solar system in MA this results in between $1,000 and $2,000 in annual SREC revenue dramatically reducing payback periods and skyrocketing return on investment for solar system owners.

For more information on the SREC market please reach out to SolarFlair.

Net Metering 

As of December 2009, all photovoltaic system owners served by the major utilities receive full retail value when they generate more power than they need.

Under the Green Communities Act, utility companies must now compensate customers for excess electricity at the retail rate rather than the lower wholesale rate. Additionally, customers may allocate their credits to other customers, allowing those without facilities to take advantage of net metering benefits as well. With this provision in place, Massachusetts now has one of the strongest "net metering" laws in the country.

Net Metering Made Simple:

1) Your solar system WILL be connected to the  electric utility grid.

2) When your solar system produces more electricity than you use, your electric meter will spin backwards. When you are using more electricity than your solar system is producing (e.g. at night) your meter will spin forwards.

3) You will still receive  an electric bill from your utility provider each month. For months in which you produce energy in excess of what you use, your bill will show a negative figure under the “Total Usage” header. 

Database of State Incentives for Renewables and Efficiency (DSIRE):

The U.S. Department of Energy maintains a comprehensive resource for State and Federal rebates and incentives for renewable energy. This is a good place to find more detail on the available incentives.

 

Contact us for a SITE ASSESSMENT.

SolarFlair’s sales associates will work with you to design the most efficient, aesthetically pleasing system possible for your home.