Grants and Incentives

Grants and Incentives

Grants & Incentives

Our customers have always demonstrated active interest in solar motivated by much more than  financial incentives. Since 1985 we’ve seen many  incentive programs to help foster PV in Massachusetts and neighboring states and at the federal level. The first  Incentive rebates for grid connect PV systems were part of the “Million Solar Roofs” program in the late 1990’s.

In recent years the chief dollar benefits from going solar are the federal tax credit  and savings on high electricity costs. You can count on BPVS to present an honest portrayal and accurate reckoning of the financial payback and pluses for your project.


Federal

Tax Incentives:

The Solar Energy Industries Association website, Seia, is tracking interpretations of the 30% Federal Solar Tax Credit for residential and commercial PV System owners. We’ll explain the benefits and include them in your costs analysis at a site assessment. This is the first Solar Tax credit for homeowners since 1985 and it is good until 2020.
(These statements are for informational purposes only; further details are available at www.dsireusa.org. The Customer should consult a professional tax advisor on eligibility and application for these tax incentives.)

Massachusetts

Tax Incentives:

In Massachusetts there is an  income tax credit for installing  renewable energy systems (solar or wind power) on primary residence property. The credit is 15% of your cost of the system, including installation, up to a maximum of $1,000. Additionally, the purchase of a PV system installed at a primary residence is exempt from Massachusetts sales tax. Commercial owners or non-Massachusetts residents, we’re happy to explain other federal and state incentives.
(These statements are for informational purposes only; further details are available at www.dsireusa.org. The Customer should consult a professional tax advisor on eligibility and application for these tax incentives.)

SREC II Program and the SMART Program

The SMART (Solar Massachusetts Renewable Target) began in November of 2018. Each utility provides its own version of the SMART program. Incentives are down 75% compared to previous programs. The SMART program is currently under review. Most of our new residential customers choose not to participate in the SMART program as opting in binds their project irrevocably to Utility control of the incentive.

We’re active in the policy discussions at the Dept. of Energy resources and the Dept. of Public Utilities to improve the program and model solar incentives carefully and accurately in our quotes and proposals to customers.

Those customers who participated in the SRECs I and SRECs II programs will continue to receive their production incentives through the end of their original term.

Please view our SRECs Solar RECS Info.

Agricultural Projects…Please contact us on Farm grants and incentives from the Massachusetts Dept. of Agricultural Resources and the USDA. BPVS is one of the most experienced firms in the nation for Farm applicable PV designs and helped initiate the PV grant programs with the state and federal governments at the ‘turn of the century’.

Several Federal and State programs offer grants on a competitive basis for PV installations on farms. We also work with reputable lenders and solar loan programs sponsored by the state and manufacturers. Please call BPVS for further details on ways we can help you make solar affordable. We do not offer so-called “free solar” which really are 20 year solar leases or power purchase agreements.

(These statements are for informational purposes only; further details are available at www.dsireusa.org. The Customer should consult a professional tax advisor on eligibility and application for these tax incentives.)

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