Financial Incentives
For Massachusetts businesses, solar power is a great investment. Solar delivers short-term payback with predictable long-term and lucrative returns.
To further encourage deployment of solar power, the U.S. government offers a suite of financial incentives aimed at reducing taxes for those that invest in solar.
- 30% Federal Investment Tax Credit
- 5 Year Accelerated Depreciation
- LIMITED: Receive 30% Tax Credit as a cash grant.
Click here for more details on federal incentives.
Massachusetts has generous incentive programs that position the Commonwealth as one of the nation's most attractive solar markets.
- Solar REC Market - Predictable revenue stream
- 100% Property Tax Exemption for 20 years.
- Net Metering - Spin the meter backwards
- Net Excess Generation - Profit from excess electricity
Click here for more details on Massachusetts incentives.
Financing Options
Whether you seek to put capital to work, or choose to minimize upfront cash outlay, we can help you finance a solar power system so it meets your objectives.
For some, purchasing the system outright might help reach investment goals, whereas loans and leases can contribute to cash flow. Our network of lenders provide various financing options help achieve your project objectives.
Channel Sun can help you determine the most appropriate financing options, and help arrange sources for funding as required.
Low interest rates make property and equipment loans an attractive option to finance a solar power system. The utility savings coupled with incentives can offer positive cash flow right from the start. Lease options also enable flexibility and cash flow management.
A Power Purchase Agreement (PPA) offers immediate expense reduction with long term cost control, but the system is owned by a third party, from whom you buy the electricity it generates.
For many organizations, especially non-profits, schools and municipalities, a Power Purchase Agreement is the easiest way to go solar. Our PPA partners supply a turnkey solar PV system on the host property, and sell the electricity to the host.
Call us today for more information.
Solar Finance Topics
Take a full 30% off the total cost of your solar power system as dollar-for-dollar federal tax credits.
Projects started in 2010 may apply for the 30% as a cash payment - in lieu of the federal tax credit - within 60 days of system commissioning and completion. Projects do need to start in 2010, so please contact us today to take advantage of this generous federal program.
The Massachusetts sREC (Solar Renewable Energy Certificate) program offers a long term revenue stream for solar power system owners.
By state mandate, utilities must show that a portion of their power sources include solar. New solar installations sell the record (sREC) of the solar electricity they generate to the utilities for this purpose.
Mass. Dept. of Energy Resources (DoER) has established an sREC marketplace that ensures solar producers will generate significant long term revenue. Early entrants will reap the most rewards - so call us today to see how much you'll earn.
Massachusetts solar power systems are exempt from property taxes for 20 years. This could be a huge savings compared to other capital investments.
The federal depreciation schedule for solar power systems permits a rapid five year write down.
It's simple to earn money for every kilowatt hour that your solar power system generates. Today's programs are paying out as much as 20% of the retail cost of electricity. You'll get a check for every month your system is generating power, regardless of who uses the power!.
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