The Solar Massachusetts Renewable Target (SMART) Program is one of the best in the country. Whether leasing or purchasing your solar panel system, you will see substantial savings over your current electric bill. If you're interested in purchasing a solar panel system, then this program provides generous savings with State Renewable Energy Credits (SREC). The state is nearing the renewable energy mandate and will soon drastically reduce these incentives.
THE SOLAR TAX CREDIT IS EXPIRING SOON!
Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. This means solar projects in all market segments (residential, commercial, industrial, utility-scale) that begin construction in 2021 and 2022 will still be able to receive a tax credit at 26%. All markets will drop to a 22% tax credit in 2023 so don't delay!
Net Metering allows you to generate your own electricity to offset your electricity usage. Your solar panel system would be connected to a meter, which measures the net quantity of electricity that you use. When you use electricity from the electric company, your meter spins forward. When you generate excess electricity and “export” electricity to the electric grid, your meter spins backward. Your stored kWhs are "netted," or paid back, to you.
Let's Get Started!
Our renewable energy specialists will review your data to confirm your eligibility for state and federal incentives. We'll do that by generating a custom design to offset your electric usage. Enter in some simple answers regarding the property and we'll get back to you right away to schedule a quick review.