Falmouth, MA - Falmouth and Cape Cod are leaders in solar energy, according to a new report released today by the Environment Massachusetts Research and Policy Center. Inc. (CVEC) is proud to announce today the groundbreaking ceremony for the first phase of the CapeCod Solar Power Project (CSPP). The 16 MW PV project is expected to produce enough electricity to power more than 1,000 homes and businesses in the region.
Together, the 25 solar power plants in and around Cape Cod were expected to generate enough electricity to power more than 1,000 homes and businesses in the region. Together with the 30 MW CapeCod Solar Power Project (CSPP) in Falmouth, MA, and 25% of the solar park around the Cape Town, enough electricity should be generated to power more than 1.5 million homes in Cape Cod.
Another way to look at this is the levelled amount you pay for each kWh of electricity you will consume over the next 25 years. If you would like to see live prices (see above) or receive a binding offer from a solar company, use our Massachusetts solar module calculator. All of these factors can affect the price, but at current levels, the average cost for people installing solar panels in their homes will be about $1,000 per kWh by 2020, or $2,500 per year for a family of four.
If the installation of a solar system increases the value of your property, you will be subject to an increase in property tax. This advantage applies only to solar installations installed after 2020 and is not subject to a cap, so there is no property tax.
Buying a solar system through a loan allows you to take advantage of government incentives and start saving for solar systems right away, without having to put money into the system first. If you are considering signing a home loan or solar panel contract with a mortgage lender, be wary of the financial risk involved in selling or borrowing against your home after signing the contract. With solar panel contracts, you must obtain the consent of a potential buyer who has made you an offer to transfer the home.
If you are a homeowner in Massachusetts, you will be kicked out of the state's solar panel installation incentive program while the generous incentives still exist. If you are still tired and as a homeowner consider a solar system.
Measuring the net electricity in Massachusetts is a huge advantage for solar owners, and we would like to see this stringent policy applied in the rest of the country. Massachusetts should pursue an ambitious solar energy agenda, aiming to install at least 1,000 megawatts of solar power capacity by 2017 and to get 10 percent of total energy from the sun by 2030. To achieve these goals, we should continue to work to remove barriers to solar energy through public policy. Develop an effective strategy to encourage the development of other technologies that capture and store energy from the sun and reduce dependence on fossil fuels.
Invest in grid improvements that will enable our electricity system to absorb the largest possible amount of renewable energy, including solar energy. Eliminate long delays in interconnecting electricity suppliers, which can lead to consumers waiting weeks or months for their solar panels to be connected to the grid.
Removing key financial incentives to ensure that homeowners and businesses are adequately compensated for their investments in solar energy. If you have solar panels for your business on Cape Cod, you want them to work efficiently, so it is in your best interest to ensure that they produce as much electricity as possible. Net metering requires energy suppliers to monitor not only daily, but also annually and monthly, and how much energy is actually used, and to obtain credit for any surpluses. The amount of electricity your solar panels produce is your return on investment for them. It is in our best interest to ensure that they produce as much as possible, and for as long as necessary.
Enter your data into our solar module calculator to see how the position of your roof and the slope of the roof in any direction affects the production of your solar panels. Enter these details to calculate the cost savings you are likely to make by installing solar panels in your home, as well as other factors such as the amount of solar power you use.
The advantage of installing solar panels in Massachusetts is that the electricity rate is lower than in most other US states, and higher electricity rates mean that the state's solar tax credit for homes and businesses is among the best in our country. One of the main incentives to install solar panels in your home or business in Massachusetts is the state tax credit for solar energy. Considering that an average solar plant in Massachusetts generates about 7,900 kWh per year, that's about $800 in incentive payments per year in the first year.