What are the Solar Panel Laws in Massachusetts?
At the heart of the debate is the net metering compensation and the credits offered for residential or commercial solar panel instruction projects. Currently, the state offers two programs that provide subsidies.
Success of the programs
In Massachusetts, there were an estimated 50,000 homes running off of solar power. Since the introduction of these initiative, an increase in the number of solar installations have been completed.
In 2015, $803 million was invested in solar projects, a one percent increase from the previous year.
With the estimated 1,020 megawatts of solar energy installation projects in Massachusetts, the state is ranked as the sixth state in the nation for solar capacity. Estimates state that 163,000 homes were powered by solar energy.
For a household that installed a solar roofing system, the household can save an estimated $36,000 over 20 years. The average install is approximately $14,000 and would pay for itself in less than 10 years.
Recent developments in solar energy in Massachusetts
In fall of 2015, the House passed the H.B. 3724 “An Act Relative to a Long-term, Sustainable Solar Industry” bill.
The Secretary of Energy and Environmental Affairs recently signed into law a new piece of legislation designed to spark an interest in more solar development projects. The chief objective, to make solar power much more attainable, as it will benefit taxpayers interested in transitioning to solar power.
Highlights of the legislation
• Cap will be set to 3 percent for both public and private projects.
• Reimbursement rate will be decreased to 40 percent, which translates into 11 or 12 cents per kilowatt hour.
• Government, municipalities and residential projects can get full retail rate.
• Projects in progress remain unaffected by the new legislation.
• Customers receive a minimum monthly bill by the Department of Energy.
There are certain restrictions in place for installers and the equipment that can be used in these projects. Laws require that all solar power systems installed must use new equipment in the project and conform to IEEE standards. Installers working on a particular project must be pre-approved.
Massachusetts has embarked on an ambitious goal of expanding their solar capacity to 1.6GW by 2020. As a result of the recent legislation, ratepayers will be able to take advantage of the program and save 40 percent.
If you’re thinking about installing solar panels in Massachusetts, you’ll want to get a free quote from our recommended provider here.