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Posts Tagged ‘Massachusetts solar panels’

If you live in Massachusetts, the answer is a resounding yes!

Due to the many incentives at both the state and federal level to purchase solar panels, there has never been a more rewarding time to go green with solar panels. Nearly all residential units have the ability to pay for themselves in less than five short years.

The retail price on a five kilowatt solar panel set up is around $25,000. A system of this size will yield almost 6,000 kWh of electricity annually here in Massachusetts and provide around sixty percent of the average residential household’s electricity needs.

There’s a Commonwealth Rebate that will subtract $2,000 from that price. Moreover, if you reside in a moderate house or have a moderate income, you should be given an extra $2,000 off. Or if you happen to have been unfortunate enough to have your home damaged during last year’s tornadoes, you will be given a further $5,000 reduction.

There also are both national as well as Massachusetts state tax credits. The IRS tax credit sits at a massive 30% and the state credit is for $1,000. After the rebates and additionally the tax credits, you should be able to invest in a 5 kW solar panel system for only $16,000, less if you happen to qualify for the moderate income or moderate home value adders.

A complete system of that size in Massachusetts should provide an average of about 80 dollars worth of electrical power monthly to get an annual cost savings of $1,000.

But the long-term profits come from selling your SRECs. Each megawatt hour (1,000 kWh) is worth 1 SREC and a 5 kW system should emit nearly 6,000 kWh annually. Since the state has forced the electricity companies to acquire a specific percent of their total electrical power using green sources, they will provide you with around four hundred dollars for each of those six SRECs to say that you are producing electrical power for them. Thus that’s another $2,400 in tax-free revenue straight into your pocket annually.

So now you can see just how a $16,000 solar panel system can easily be paid off in less than five years considering that it nets $3,400 annually including electricity savings and additionally the SREC compensation.

Solar panels may also be one of the better home improvement choices available to the Massachusetts resident. For a price of $16,000, it will increase the value of your house by $20,000. Now that is a 125% ROI. Most home improvement projects never pay for themselves totally. Solar panels not only raise the value of your house above what they cost you, they will bring in revenue every year on top of everything else. They are even exempt from property taxes for the next 20 years.

And additionally let us not forget the main reason these types of incentives exist to begin with – to save our planet. A 5 kW solar panel array is going to lessen your carbon footprint by more than one-hundred tons of carbon dioxide over twenty-five years, the equivalent of planting 800 trees. Year after year, it’s going to prevent the equivalent of three tons of coal or 20,000 cubic feet of natural gas from being used to create electrical power.

Needless to say from all of the incentives currently available that now indeed is the right time for solar panels. The Commonwealth Rebate along with the federal and state tax credits trim down your startup expenses. And the electric bill savings together with the SREC program add significant returns and also boost your home’s resale amount.

Plus there’s simply no telling just how much longer these types of promotions will be in existence. The Commonwealth Rebate has already been lowered once and the federal tax credit gets endangered every year.

Lastly, while this market grows, a greater number of financing approaches are becoming available to homeowners, making solar energy cost-effective for everyone. If you’ve always desired to get solar panels, there has never been a more rewarding time than right now!

Gary S. Best lives in Massachusetts and spent months investigating the different incentives and financing options prior to deciding to invest in a 5 kW solar panel system in 2011. He has since started a website, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a means to easily receive free estimates and save up to $500 off their own installation.

For Massachusetts residents, the answer is a resounding yes!

Due to the numerous incentives at both the state as well as the federal level to purchase solar panels, there has never been a better time to go green with solar energy. Most residential units have the ability to pay for themselves in less than 5 years.

The retail price for a 5 kilowatt solar panel set up is approximately $25,000. A system of this size is going to produce nearly 6,000 kWh of electrical power annually in Massachusetts and supply almost 60% of the normal residential household’s electrical energy needs.

There is a Commonwealth Rebate which will deduct $2,000 from that price. Additionally, if you reside in a moderate house or have a moderate wage, you should be given a further $2,000 off. Or if you were unfortunate enough to have your house damaged in last year’s tornadoes, you shall be given a further $5,000 reduction.

You’ll also be given both national and Massachusetts state tax credits. Currently the IRS tax credit is currently a massive 30% while the state credit is good for $1,000. After the rebates coupled with the tax credits, you will be able to obtain a 5 kW solar panel array for $16,000, even less if you happen to receive the moderate income or moderate home value adders.

A complete system of that size in Massachusetts will give you an average of just about 80 dollars worth of electrical energy monthly to get a yearly savings of $1,000.

But the best long-term earnings come from the sale of your SRECs. Each megawatt hour (1,000 kWh) earns you one SREC and a 5 kilowatt system ought to produce almost 6,000 kWh annually. Because the state has compelled the utility companies to acquire a specific portion of their electricity from renewable sources, they will be compelled to pay you around four hundred dollars for every one of those six SRECs to say that you are generating electrical energy for them. Consequently that’s an additional $2,400 in tax-free revenue right into your wallet every year.

So now you can understand how a $16,000 solar panel array can get paid off in less than 5 short years considering that it earns $3,400 annually between electric bill savings in addition to SREC revenue.

Solar panels can also be among the best home improvement options available to the Mass. home-owner. For a cost of $16,000, it should raise the worth of your home by $20,000. Now that is a 125% ROI. The vast majority of home improvement projects never pay for themselves fully. Solar panels not only raise the value of your residence more than they can cost, they are able to make you money each year in the process. They are even exempt from property taxes for the next 20 years.

And additionally let us not forget the main reason these types of incentives exist to begin with – to save the Earth. A five kW solar panel system will lessen your carbon footprint by more than one-hundred tons of carbon dioxide during the next twenty-five years, the equivalent of growing eight hundred trees. Year after year, it is going to stop the equivalent of around 3 tons of coal or 20,000 cubic feet of natural gas from being used to create electrical energy.

As you can see from all the stimuli currently in existence that right now indeed is the right time for solar panels. The Commonwealth Rebate along with the federal and state tax credits trim down your initial expenditures. Plus the electricity savings plus the SREC program supply significant revenue and boost your home’s resale amount.

What’s more there is simply no telling how much longer these promotions are going to be available. The Commonwealth Rebate has already been lowered recently and the federal tax credit gets endangered annually.

Lastly, while this industry grows, a growing number of financing approaches are becoming offered to homeowners, making solar panels cost-effective for anyone. Without a doubt if you have always wanted to get solar panels, there has certainly never been a better time than the present!

Gary S. Best resides in Massachusetts and spent months investigating the various incentives and financing options prior to deciding to purchase a five kW solar panel system in 2011. He has since started a web site, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a means to easily get free estimates and save as much as $500 off their own installation.

If you live in Massachusetts, the answer is a resounding yes!

Owing to the numerous incentives at both the state and federal level to purchase solar panels, there really has never been a better time to go green with solar energy. Just about all residential units will pay for themselves in less than 5 short years.

The typical asking price for a 5 kW solar panel set up is approximately $25,000. This system will emit somewhere around 6,000 kWh of electrical energy every twelve months here in Massachusetts and provide almost 60% of the average residential home’s electricity requirements.

There’s a Commonwealth Rebate which will deduct $2,000 off the top of the price. Additionally, if you should reside in a moderate residence or earn a moderate income, you most likely will be given an extra $2,000 reduction. Or in case you were unfortunate enough to have your residence damaged during last year’s tornadoes, you will be given a further $5,000 reduction.

There’s also both national as well as Massachusetts state tax credits. Currently the IRS tax credit sits at a massive 30 percent and the state credit is good for $1,000. Following the rebates as well as the tax credits, you should be able to purchase a 5 kilowatt solar panel system for about $16,000, less if you receive the moderate income or moderate home value adders.

A system of that size here in Massachusetts will provide an average of just about $80 worth of electricity monthly to get an annual savings of $1,000.

But the best long-term earnings come from the sale of your SRECs. Each megawatt hour (1,000 kWh) is worth one SREC and a 5 kilowatt system will generate almost 6,000 kWh yearly. Since the state has forced the electricity companies to acquire an explicit quantity of their electricity from green methods, they will be compelled to pay you around $400 for each of those six SRECs so they can say that you’re producing electrical power on their behalf. Thus that’s an extra $2,400 in tax-free revenue straight into your bank account every year.

Now you can understand how a $16,000 solar panel system can be paid in full in less than five short years as it earns $3,400 annually including electric bill savings as well as SREC revenue.

Solar panels can also be among the best home improvement possibilities available to the Massachusetts home owner. For a price of $16,000, it should increase the value of your residence by $20,000. That’s a 125% ROI. The vast majority of home improvement projects never pay for themselves totally. Solar panels not only raise the value of your own home in excess of what they cost, they will make you money each year as well. They are also exempt from property taxes for the next 20 years.

And additionally let us keep in mind the main reason all of these incentives exist in the first place – to save our planet. A five kW solar panel system would lessen your carbon footprint by almost 100 tons of carbon dioxide during the next 25 years, the equivalent of growing 800 trees. Each and every year, it’s going to prevent the equivalent of 3 tons of coal or 20,000 cubic feet of natural gas from being used to create electricity.

As you can tell from the many incentives currently offered that right now absolutely would be the right time for solar panels. The Commonwealth Rebate and the federal and state tax credits reduce your initial expenses. And the electric power savings together with the SREC program add significant revenue and also bolster your home’s resale amount.

Furthermore there is no way to tell how much longer each of these incentives will be in existence. The Commonwealth Rebate has already been lowered recently and the federal tax credit gets threatened every year.

Additionally, as this market grows, a greater number of financing options are becoming available to homeowners, making solar power economical for anyone. Without a doubt if you’ve always wanted to purchase solar panels, there really has never been a more rewarding time than the present!

Gary S. Best lives in Massachusetts and spent months researching the various incentives and financing options before deciding to invest in a 5 kW solar panel system in 2011. He has since created a website, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a means to easily receive free estimates and save up to $500 off their own installation.

For Massachusetts residents, the answer is a convincing yes!

Owing to the variety of incentives at both the state as well as the federal level for solar panels, there really has never been a more rewarding time to go green with solar energy. Just about all residential units will pay for themselves in less than 5 short years.

Currently the asking price on a 5 kilowatt solar panel system is around $25,000. A system of this size will produce about 6,000 kWh of electricity annually in Massachusetts and provide over 60 percent of the standard residential home’s electricity requirements.

There is a Commonwealth Rebate that will deduct $2,000 off the top of that price. In addition to that, if you happen to reside in a moderate residence or have a moderate salary, you will receive an extra $2,000 off. Or in case you were unlucky enough to have your house damaged during last year’s tornadoes, you will receive an additional five thousand dollars reduction.

There are also both national and state tax credits. Currently the IRS tax credit is currently a fantastic 30% and the state credit is good for $1,000. After the rebates and additionally the tax credits, you should be able to acquire a 5 kilowatt solar panel array for $16,000, less if you should receive the moderate income or moderate home value adders.

A complete system of that size here in Massachusetts should provide an average of somewhere around 80 dollars worth of electrical energy monthly yielding an annual cost savings of $1,000.

But the long-term profits derive from the sale of your system’s SRECs. One megawatt hour (1,000 kWh) is equivalent to one SREC and a 5 kilowatt solar panel array will yield almost 6,000 kWh yearly. Since the state has forced the electricity companies to produce a specific percent of their total electrical energy from renewable methods, they will be compelled to pay you around four hundred dollars for every one of those six SRECs so they can say that you are generating electrical energy on their behalf. Thus that’s an additional $2,400 in tax-free income right into your wallet annually.

So now you can have an understanding of how a $16,000 solar panel system can easily be paid off in slightly less than five short years considering that it earns $3,400 annually between electric bill savings and SREC income.

Solar panels may also be one of the best home improvement options available to the Massachusetts home owner. For a cost of $16,000, it will raise the worth of your home by $20,000. That happens to be a 125% ROI. Almost all home improvement projects will never pay for themselves fully. Solar panels not only raise the value of your own residence in excess of what they can cost you, they will earn you money every year on top of everything else. They are even exempt from property taxes for 20 years.

And additionally let us not forget the main reason these types of stimuli exist in the first place – to save our planet. A five kilowatt solar panel system is going to slash your carbon footprint by over 100 tons of carbon dioxide across 25 years, the equivalent of planting 800 trees. Year after year, it will stop the equivalent of around three tons of coal or 20,000 cubic feet of natural gas from being burned to create electrical energy.

As you can tell from all of the stimuli presently out there that right now unquestionably is the perfect time for solar energy. The Commonwealth Rebate and the federal and state tax credits lessen your startup costs. Plus the electric bill savings along with the SREC program add significant returns and also bolster your home’s resale value.

Plus there’s simply no telling just how much longer these types of stimuli will be around. The Commonwealth Rebate has already been reduced recently plus the federal tax credit has been threatened annually.

Lastly, while this market grows, progressively more financing approaches are becoming available to homeowners, making solar energy economical for everyone. If you’ve always desired to get solar panels, there’s never been a more rewarding time than right now!

Gary S. Best resides in Massachusetts and spent months investigating the various incentives and financing options prior to deciding to invest in a five kW solar panel system in 2011. He has since started a website, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a way to easily get free estimates and save as much as $500 off their own installation.

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• is now the perfect time for solar panels?

For Massachusetts residents, the answer is a convincing yes!

On account of the numerous incentives at both the state as well as the federal level for solar panels, there has never been a more rewarding time to go green with solar energy. Almost all residential solutions have the ability to pay for themselves in less than five short years.

The typical retail price on a 5 kW solar panel set up is around $25,000. A system of this size will produce almost 6,000 kWh of electrical energy annually in Massachusetts and supply around 60 percent of the typical residential home’s electrical energy needs.

There’s a Commonwealth Rebate that will deduct $2,000 from that price. In addition to that, for those who live in a modest residence or earn a moderate wage, you most likely will be given an extra $2,000 reduction. Or if you happen to have been unfortunate enough to have your residence damaged during last year’s tornadoes, you will receive a further five thousand dollars off.

You’ll also be given both national and state tax credits. Currently the federal tax credit is currently a whopping 30 percent and the state credit is for $1,000. After the rebates coupled with the tax credits, you will be able to purchase a 5 kilowatt solar panel array for only $16,000, less if you happen to receive the moderate income or moderate home value adders.

A complete system of that size here in Massachusetts should provide an average of somewhere around $80 worth of electricity monthly to get an annual cost savings of $1,000.

But the long-term earnings derive from the sale of your SRECs. Each megawatt hour (1,000 kWh) earns you 1 SREC and a 5 kW solar panel array ought to emit nearly 6,000 kWh annually. Because the state has forced the electricity companies to acquire an explicit percentage of their total electricity using renewable methods, they will be compelled to give you about $400 for every one of your six SRECs to say that you are generating electrical energy on their behalf. Thus that’s an extra $2,400 in tax-free revenue right into your bank account every year.

Now you can see just how a $16,000 solar panel system can get paid off in slightly less than 5 short years considering that it brings in $3,400 annually including electricity savings in addition to SREC income.

Solar panels may also be one of the better home improvement choices open to the Massachusetts home owner. For a cost of $16,000, it will raise the worth of your residence by $20,000. That happens to be a 125% return on investment. Almost all home improvement projects will never pay for themselves completely. Solar panels not only raise the worth of your own residence in excess of what they can cost you, they are able to make you money every year in the process. They are also exempt from property taxes for the next 20 years.

And we should keep in mind the primary reason all of these incentives exist in the first place – to save the Earth. A 5 kilowatt solar panel array will lessen your carbon footprint by almost one-hundred tons of carbon dioxide during the next twenty-five years, the equivalent of growing eight hundred trees. Each and every year, it is going to stop the equivalent of around 3 tons of coal or 20,000 cubic feet of natural gas from being used to produce electrical power.

As you can see from all of the incentives currently out there that now undoubtedly would be the best time for solar energy. The Commonwealth Rebate together with the federal and state tax credits reduce your initial expenses. And the electric power savings along with the SREC program add significant revenue and bolster your home’s resale value.

Plus there is simply no way to tell how much longer each of these stimuli will be around. The Commonwealth Rebate has already been lowered recently and the federal tax credit has been threatened every year.

Additionally, while this market matures, a growing number of financing options are becoming available to homeowners, making solar power economical for everyone. Without a doubt if you have always desired to buy solar panels, there has never been a better time than the present!

Gary S. Best lives in Massachusetts and spent months investigating the different incentives and financing options prior to deciding to purchase a five kW solar panel system in 2011. He has since started a website, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a way to easily get free estimates and save up to $500 off their own installation.

If you live in Massachusetts, the answer is a convincing yes!

On account of the variety of incentives at both the state as well as the federal level for solar panels, there really has never been a better time to go green with solar energy. Nearly all residential systems have the ability to pay for themselves in about 5 short years.

The typical asking price on a five kilowatt solar panel set up is around $25,000. A system of this size is going to give off almost 6,000 kWh of electrical energy every twelve months here in Massachusetts and provide close to 60% of the normal residential household’s electricity needs.

There’s a Commonwealth Rebate which will subtract $2,000 off that price. In addition to that, if you live in a moderate home or have a moderate wage, you most likely will be given a further $2,000 off. Or if you were unlucky enough to have your residence damaged during last year’s tornadoes, you will receive a further $5,000 reduction.

You’ll also be given both national and Massachusetts state tax credits. Currently the IRS tax credit is currently a massive 30% while the state credit is for $1,000. After the rebates as well as the tax credits, you’ll be able to acquire a 5 kW solar panel system for about $16,000, less should you qualify for the moderate income or moderate home value adders.

A complete system of that size here in Massachusetts will provide an average of about $80 worth of electrical power monthly to get a yearly savings of $1,000.

But the best long-term revenues derive from auctioning off your SRECs. One megawatt hour (1,000 kWh) is worth one SREC and a 5 kilowatt solar panel array should yield somewhere around 6,000 kWh yearly. Since the state has forced the electricity companies to acquire an explicit amount of their total electricity via green techniques, they will be compelled to provide you with around $400 for every one of your 6 SRECs so they can say that you’re producing electrical power for them. Thus that’s a further $2,400 in tax-free income straight into your wallet every year.

Now you can see just how a $16,000 solar panel array can get paid off in slightly less than 5 short years when it earns $3,400 annually including electric bill savings and SREC revenue.

Solar panels may also be one of the better home improvement options open to the Massachusetts resident. For a cost of $16,000, it should up the value of your house by $20,000. Now that is a 125% return on investment. The vast majority of home improvement projects don’t pay for themselves totally. Solar panels not only raise the value of your residence above what they can run you, they will bring in revenue every year as well. They’re even exempt from property taxes for the next 20 years.

And let us keep in mind the main reason these stimuli exist in the first place – to save our planet. A five kW solar panel system is going to slash your carbon footprint by more than 100 tons of carbon dioxide during the next twenty-five years, the equivalent of planting eight hundred trees. Year after year, it’s going to stop the equivalent of about 3 tons of coal or 20,000 cubic feet of natural gas from being used to generate electricity.

Needless to say from all of the stimuli currently in existence that now unquestionably is the ideal time for solar power. The Commonwealth Rebate and the federal and state tax credits trim down your initial costs. Plus the electric bill savings plus the SREC program add significant revenue and bolster your home’s resale value.

Plus there’s no telling how much longer these promotions are going to be available. The Commonwealth Rebate has already been lowered once and the federal tax credit gets endangered annually.

Additionally, as this business grows, a growing number of financing alternatives are becoming offered to homeowners, making solar energy affordable for anyone. If you have always desired to purchase solar panels, there has never been a better time than now!

Gary S. Best lives in Massachusetts and spent months researching the various incentives and financing options prior to deciding to purchase a five kW solar panel system in 2011. He has since started a web site, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a means to easily receive free estimates and save up to $500 off their own installation.

If you live in Massachusetts, the answer is a resounding yes!

Owing to the many incentives at both the state and national level to purchase solar panels, there has never been a better time to go green with solar energy. Nearly all residential units can pay for themselves in less than five short years.

The typical retail price for a 5 kW solar panel set up is around $25,000. This system will give off close to 6,000 kWh of electricity every twelve months here in Massachusetts and provide just about 60% of the average residential household’s electrical energy needs.

There is a Commonwealth Rebate which will subtract $2,000 from that price. Moreover, for those who reside in a moderate home or have a moderate income, you should receive an extra $2,000 reduction. Or in case you were unlucky enough to have your home damaged in last year’s tornadoes, you shall be given an additional five thousand dollars off.

You’ll also receive both national as well as Massachusetts state tax credits. The federal tax credit sits at a fantastic 30 percent and the state credit is for $1,000. After the rebates as well as the tax credits, you’ll be able to purchase a 5 kW solar panel array for $16,000, even less if you should qualify for the moderate income or moderate home value adders.

A complete system of that size in Massachusetts should provide an average of close to 80 dollars worth of electricity monthly for an annual savings of $1,000.

But the long-term revenues derive from auctioning off your SRECs. Each megawatt hour (1,000 kWh) is worth one SREC and a 5 kilowatt system should emit almost 6,000 kWh yearly. Because the state has compelled the electricity companies to acquire a specific percent of their electricity using green sources, they will be compelled to give you about four hundred dollars for every one of those six SRECs so they can say that you’re producing electrical power on their behalf. So that’s a further $2,400 in tax-free income right into your wallet each year.

Now you can have an understanding of a $16,000 solar panel system can be paid off in less than five years as it nets $3,400 annually including electric bill savings in addition to SREC compensation.

Solar panels are also one of the better home improvement possibilities available to the Mass. resident. With a selling price of $16,000, it should up the worth of your personal residence by $20,000. That is a 125% return on investment. Most home improvement projects never pay for themselves totally. Solar panels not only raise the worth of your own residence above what they cost, they are able to bring in revenue each year too. They are even exempt from property taxes for the next 20 years.

And let us keep in mind the key reason all of these incentives exist to begin with – to save our planet. A 5 kilowatt solar panel array will reduce your carbon footprint by more than 100 tons of carbon dioxide over 25 years, the equivalent of growing eight hundred trees. Each and every year, it is going to stop the equivalent of about three tons of coal or 20,000 cubic feet of natural gas from being used to create electrical energy.

As you can tell from the many stimuli presently offered that right now truly would be the ideal time for solar power. The Commonwealth Rebate along with the federal and state tax credits cut down on your startup expenditures. Plus the electric power savings along with the SREC program supply significant income and also bolster your home’s resale value.

Furthermore there’s simply no way to know just how much longer all of these stimuli will be around. The Commonwealth Rebate has already been reduced once and the federal tax credit gets endangered each year.

Lastly, while this market grows, more and more financing options are becoming offered to homeowners, making solar energy cost-effective for everybody. If you have always desired to get solar panels, there’s never been a more rewarding time than right now!

Gary S. Best resides in Massachusetts and spent months investigating the various incentives and financing options before deciding to purchase a 5 kW solar panel system in 2011. He has since created a website, www.MassSolarInfo.com, educating residents about solar energy in Massachusetts and providing them with a means to easily get no-cost estimates and save up to $500 off their own installation.