What solar leasing companies don't want you to know

How YOU can make money off of your solar system in Massachusetts

When presented with a solar leasing or PPA option, they never mention SREC's or tax credits.
That is because when you lease YOU do not get them, they do.
When purchasing your solar system these are YOURS!!!

30% Federal tax credit 
If you purchase your system you get a 30% federal tax credit for the total cost of the installed system

 What are SREC's?

(SREC's) Solar Renewable Energy Certificates

One SREC is issued for every 1,000Kw/hr's of energy created from a solar system.

That certificate is then sold to the utilities, with a current value of $285

Let's say you own your solar system and it creates 7,000

kw/hr's of energy annually. You not only get to use the energy created,($1,000-$1,750) reducing your electric bill but you also get to sell the 7 SREC's ($1,995) created from your system. 

Facts about SREC's*

All qualifying systems are eligible to sell SREC's for a period of 10 years

The price for SREC's decrease over the 10 year term 

year       value    7 SREC's     Total 10 year SREC income = $16,009

2016     $285     $1,995

2017     $271     $1,897

2018     $257     $1,799

2019     $244     $1,708

2020     $232     $1,624

2021     $221     $1,547

2022     $210     $1,470

2023     $199     $1,393

2024     $189     $1,323

2025     $179     $1,253

Energy Savings   no increase of energy costs are factored into these figures ($.20/KwHr)

year        Energy savings

1            $1,400

5            $7,000

10          $14,000

20          $28,000

Example

6Kw system producing 7,000Kw/Hr's annually

Cost of system                ($30,000)

Federal tax credit            +  $9000

                                     = ($21,000)

MA state tax credit         +  $1,000

                                    =  ($20,000)

10 yr SREC income     +  $16,009  

                                    =    ($3,981)

10 yr energy savings    +  $14,000                                        

                                    =   $10,009            10 Year savings after paying for the system
                                                                                                $10,009    

20 year total savings $24,000
IF energy prices do not increase


20 year savings $34,000
If Energy costs rise by 2% annually 


Call me today for your free evaluation
Tom 508-524-4038

*http://www.mass.gov/eea/energy-utilities-clean-tech/renewable-energy/solar/rps-solar-carve-out-2/clearinghouse-auction-solar-carve-out-ii.html