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Massachusetts energy officials have recently announced plans to overhaul the way the state subsidizes solar projects. Analysts put forward a conservative estimation that electricity rates will go up at 4% per year in the Northeast, however, rates have been going up by as much as 15% over the last 20 years. Following analysts’ recommendations, a wave of homeowners have rushed to take advantage of the robust solar incentive program in the State. What are the incentives for ratepayers?
Assuming the rates go up by only 4% per year, a $200 monthly electric bill 20 years from now results is a total of upwards of $70,000spent. A $300 monthly electric bill 20 years from now results in almost $100,000 spent on electricity.
While State energy officials say the new incentive plan will provide more certainty to the market by ensuring that homeowners know how much of an incentive they will get for their projects over a 10 or 20 year time frame, they admit that the new incentive program will be less valuable to the ratepayer than the current program, so the best time to install solar is now.
The current solar incentive program is set to draw to a close in the next few months. As a result, many homeowners are acting fast to take advantage of the more favourable cost savings on the current incentive program. Get your free quote on a solar installation today to take advantage of the best savings in the market. (hyper link “free quote”)
In addition to the total cost of the system and installation being cut by a third, there are two other benefits to switching one’s home to solar energy:
- Start saving month 1 and for every month after! Standard electricity rates go up by roughly 4% every year. If your energy bill is $300 a month then you could be saving $100,000 over a 20 year period by switching to solar.
- Offset carbon emissions! To date, over 7 million pounds of carbon emissions have been offset by Revolusun customers.
So go on, make the move to solar and become energy independent. Join the RevoluSun today. Click here to get your free quote.
At RevoluSun, we believe reaching 100% renewable energy is an attainable goal for every home in Massachusetts. Creating clean energy solutions that preserve our natural resources and save you money — it’s what our Cleaner. Smarter. Solar. program is designed to do. Anchored by a foundation of highly efficient and durable Solar energy, RevoluSun’s customer satisfaction rating stands at 94%, and that has everything to do with our tailor-made home efficiency plans, exceptional Solar products, and high-touch service.Get Your Free Quote Today