Richie Bonney talks about the incentives for switching to solar power, including federal and state tax credits, the Massachusetts SMART program, and net metering.
Hi, my name’s Richie Bonney. I’m VP of sales here at RevoluSun. Today, I’d like to talk to you about three incentives that make solar attractive in the state of Mass.
We have the federal and state tax credits, the SMART program and the Net Metering program. With the federal and state tax credits, you’ll get 26% of the total cost of the system back from the federal government and $1,000 back from the state of Mass. The SMART program is a performance--based program that compensates you for every kilowatt hour that you produce. You’ll receive those checks every month for a period of 10 years. The last program is the Net Metering program. With net metering, you’ll accrue credit on your utility bills when you produce more solar than you’re using. So the goal is, between March and October, we want to overproduce and then use those credits in the winter months when you’re not producing quite as much.
And those are the three incentives that help make solar a great option here in Massachusetts.
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