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And Massachusetts will throw another 1,000 tax credit on top!
Here's the important stuff: As you can see from the chart above, you'll start out with a big windfall, because with a loan, you're not putting spartan race promo code uk any money down, and you get the rebate and federal tax credit just like if you paid 18,750.
The chart above shows the 25-year returns for an investment in solar whether you choose to purchase a system with cash or pay over time with a loan.The only hiccup you'll start to experience is when you consider the long term financial benefit of owning the solar panel system yourself.Solar Purchase NPV: 13,744, the two biggest reasons a solar purchase in Massachusetts has a positive NPV are the 30 federal tax credit and srec sales.Your system will pay for itself in just 4 years, and over its 25-year life, you'll see a total net profit of 38,456.FAN In A Minute: Episode Four m/embed/BvwXDPmZbYw, new Activity Address Codes for Use in Identifying Awarding and Funding Offices.In addition, they have set an amazing example of meeting their established solar goals and upping them.You'll be saving money and saving the planet all at the same time!That's because even though Virginia has pretty cheap electricity, the state gets enough sun to make the electricity savings substantial.Virginia Solar Policy Information Ever wonder why solar seems to be everywhere in some states, but not in others?
You'll also see a huge tax break.
Note: your PPA won't eliminate your power bill from your regular electric provider, because you'll still need energy from the grid when the sun isn't shining.
The numbers above show the savings with a solar PPA for an average home in Massachusetts.The, policy Information section contains all of our latest research on the rules set by the state legislature and public utilities commission that determines how easy it is to go solar in Massachusetts.Here are the factors we'll look at for this example: A 2-kW rooftop system that will cost around 7,438 installed (after rebate).Find out Solar Incentives in Massachusetts Massachusetts legislators have done an outstanding job of providing their state with solar incentives.This size system is great if you only have a little equity, and it still saves you thousands in the long term, while reducing the amount of CO2 pollution you're responsible for.We're talking 3,311 after 25 years, all without putting any money down.Can you get solar panels?Once that happens, youll be seeing over 1,200 per year in savings until the end laundry locker promo code of your systems life.Solar Loans in Virginia, this is where we tell you that taking a loan rain x latitude rebate form for solar panels is a no-brainer, because it means investing in an income-generating asset.
All that helps push the NPV of a solar loan to over 17,000 better than a similar investment in the stock market.