Look Into Solar - Cash In Before Incentives Expire
Here is a holiday gift for your whole family and for the planet.
Using solar to power a home creates less than 1/10 the carbon footprint per kilowatt hour than grid-powered electricity.
Not only is solar energy healthier for the climate, but it makes financial sense too.
Thanks to federal and state tax credits as well as a town rebate through Wellesley’s Municipal Light Plant (MLP), upfront costs of installation can be reduced by 2/3. The federal government allows taxpayers to deduct 30% of solar-power installation cost, Massachusetts credits $1,000 and the MLP rebates up to $12,000 per installation (at $1200 per installed kilowatt of solar generation - up to 10 kilowatts DC). A typical home installation, with 35 roof panels, can cost approximately $36,000 without rebates but a net cost of $12,000 with them.
To take advantage of these incentives, move soon as the MLP rebate is set to expire July of 2020.
To learn more, go to www.energysage.com to obtain a preliminary assessment your home's viability for solar panels. Energy Sage also provides a series of pre-approved vendor bids. From there, one can calculate the upfront investment, rebates and credits, and life-cycle gains, and get assistance filing forms and pulling permits.
This holiday gift is a way of doing your part to deal with climate change, while providing a sound investment. Plus, Zillow estimates that adding solar to a home increases it value by 4.1%.