With today's Federal, State Incentives, and Solar Renewable Energy Certificates (SREC) that you can sell while producing clean solar energy, your solar energy system installation out-of-pocket cost is only a fraction of its gross cost.
FEDERAL AND STATE INCENTIVES:
Federal Tax Credit Incentives Proram cuts 30% off the total installation cost with no cap. This is a TAX CREDIT, not a tax deduction, meaning that it is taken dollar for dollar as a reduction of your tax liability. For example if you owe the IRS $10,000 in taxes and your solar system installation incentive is worth $10,000, the IRS will call it a wash. * Please check with your accountant or financial advisor.
State Incentives and Rebates Progam vary from state to state. The incentives and rebates can typically save you an extra 20-30% on the total installation cost bringing the total discount to 50% - 60% or more off the original installation cost. Read More....
SOLAR RENEWABLE ENERGY CERTIFICATES or 'SREC'
As a reward to generating clean electricity while reducing your carbon footprint, you can sell your Solar Renewable Energy Cretificates 'SREC' on the REC exchange market or to your State (MA and RI have an aggressive SREC purchasing program). With this SREC agreement you can sell the certificate of each MegaWatt-Hour (MW-Hr) you produce for the market value (currently $300 to $600).
For a typical New England home, this means a saving of additional $1,800-$3,600 a year. NuWatt Energy can explore this option.
Based on Q1 of 2010 auction, SRECs were valued at $500 an SREC.
OTHER INCENTIVES
There is a variety of incentives offered by Utility Companies, Clean Energy Development Funds (CEDF), USDA Grants, Clean Energy Assessment Districts (CEAD), and others that can further discount your solar energy installation costs. NuWatt Energy can help you tap into these savings
.
SHORT AND LONG TERM BENEFITS
1. Hedge yourself from inevitable increase in utility rates:
Oil prices are at lower levels than what we have seen before the recession. However, once we are out of this sluggish economy, oil prices are poised to soar driving the utilities higher.
2. Recent large scale utility projects are driving the utility prices higher:
FYI: National Grid Utility, the largest utility company in MA has agreed to buy energy from the Cape Wind project for a whopping 18.7 c/kW-Hr. That is almost double the rates that National Grid pays today (currently 8.9 c/kW-Hr). The increase in cost will be passed to end consumers.... Unless the consumers have their own independent energy system that protects them against such increases
3. Incentives are not here to last forever:
New legislations are passed every year. It is hard to know if the current incentives will be eliminated or decreased.
4. You are protecting the environment for the next generation.
Be the custodial of a planet that we are all in charge of and share the responsibility of preserving. When you choose clean energy, you are opting into a cleaner and more sustainable tomorrow.
Clean Solar Energy within your reach
With today's Federal, State Incentives, and Solar Renewable Energy Certificates (SREC) that you can sell while producing clean solar energy, your solar energy system installation out-of-pocket cost is only a fraction of its gross cost.
FEDERAL AND STATE INCENTIVES:
Federal Tax Credit Incentives Proram cuts 30% off the total installation cost with no cap. This is a TAX CREDIT, not a tax deduction, meaning that it is taken dollar for dollar as a reduction of your tax liability. For example if you owe the IRS $10,000 in taxes and your solar system installation incentive is worth $10,000, the IRS will call it a wash. * Please check with your accountant or financial advisor.
State Incentives and Rebates Progam vary from state to state. The incentives and rebates can typically save you an extra 20-30% on the total installation cost bringing the total discount to 50% - 60% or more off the original installation cost. Read More....
SOLAR RENEWABLE ENERGY CERTIFICATES or 'SREC'
As a reward to generating clean electricity while reducing your carbon footprint, you can sell your Solar Renewable Energy Cretificates 'SREC' on the REC exchange market or to your State (MA and RI have an aggressive SREC purchasing program). With this SREC agreement you can sell the certificate of each MegaWatt-Hour (MW-Hr) you produce for the market value (currently $300 to $600).
For a typical New England home, this means a saving of additional $1,800-$3,600 a year. NuWatt Energy can explore this option.
Based on Q1 of 2010 auction, SRECs were valued at $500 an SREC.
OTHER INCENTIVES
There is a variety of incentives offered by Utility Companies, Clean Energy Development Funds (CEDF), USDA Grants, Clean Energy Assessment Districts (CEAD), and others that can further discount your solar energy installation costs. NuWatt Energy can help you tap into these savings
.SHORT AND LONG TERM BENEFITS
1. Hedge yourself from inevitable increase in utility rates:
Oil prices are at lower levels than what we have seen before the recession. However, once we are out of this sluggish economy, oil prices are poised to soar driving the utilities higher.
2. Recent large scale utility projects are driving the utility prices higher:
FYI: National Grid Utility, the largest utility company in MA has agreed to buy energy from the Cape Wind project for a whopping 18.7 c/kW-Hr. That is almost double the rates that National Grid pays today (currently 8.9 c/kW-Hr). The increase in cost will be passed to end consumers.... Unless the consumers have their own independent energy system that protects them against such increases
3. Incentives are not here to last forever:
New legislations are passed every year. It is hard to know if the current incentives will be eliminated or decreased.
4. You are protecting the environment for the next generation.
Be the custodial of a planet that we are all in charge of and share the responsibility of preserving. When you choose clean energy, you are opting into a cleaner and more sustainable tomorrow.
Visit us here to learn how we can help you unveil the potential of your property's solar energy.