The Benefits of Commercial Solar Power in MA
There is a great push toward renewable energy in the United States, and the Commonwealth of Massachusetts is no exception. Commercial solar power in MA is growing by leaps and bounds, aided by federal and state programs that promote the use of clean energy over the old non-renewable sources.
The state has a goal to produce a certain amount of solar energy by 2020, and they have created a lot of incentives to help them get there. Solar energy, also known as photovoltaic power, is becoming a big deal in the state. These systems are often tied directly to the power grid, allowing everyone to pool their energy and reducing the load on the old fossil fuel-powered plants. This power can also be used at night, though this is mostly for residential places.
The programs offered for commercial solar power in MA, such as the rebate which grants $ 1 per watt produced, are a great means to offset the initial cost of installation. Once the panels have been placed, of course, the cost of power is a great deal less, since instead of dynamos and generators producing the power elsewhere and sending over wires, each business can produce its own power.
When acquiring solar energy technology, it’s always best to find the companies that will work with you in finding the right rebates, tax incentives, and tax credits, to make the whole process work as smoothly as possible. It probably won’t be possible to recoup the entire cost of installation at the outset, but it can eventually pay for itself if you start our correctly. A good solar company realizes that finding the best incentives for you will also help them – you get a reduced cost and money back, while the solar company still gets paid for the installation, since th rebates come from the state, not from the company itself.
There are not only state benefits for commercial solar power in MA, but federal benefits, as well. For instance, there is a 30% credit on certain photovoltaic energy expenditures made in the state. This will last until the year 2016, and until then, there is no cap. What this means is that if the credit exceeds your tax liability, the remainder will simply be transferred over to the next year. What happens after 2016 is still pending, however.
Many businesses save money though federal grants, as well. Some of these can also provide 30% of expenditures made on energy gained from the sun.
Massachusetts, of course, has state-specific programs, such as the Commonwealth Solar Rebate. This applies to systems tied to the grid with certain utility companies in the state. This rebate is a basic $ 0.75 per watt. If the solar system has been built with components from a Massachusetts company, there is an additional $ 0.10 per watt added, for a maximum of $ 0.85 per watt produced. This type of rebate is only for smaller facilities which produce 10 kilowatts of power or less.
One of the major incentives are SRECs, or solar renewable energy credits, which are handed out by the state for producing solar power. These can then be sold or traded to other facilities which are not producing enough power and might otherwise be fined.
Clearly, Commercial solar power MA is on the rise, leading them to a greener future and cheaper energy in the long run.
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