WellesleyWeston Magazine


Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

Issue link: http://wellesleywestonmagazine.epubxp.com/i/65046

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Page 120 of 195

n ONCE OPERATIONAL, can you go online to monitor your system's production? Ask to see an example. n WILL YOUR ELECTRIC METER READINGS be automatically conveyed to Massachusetts Clean Energy Center (MassCEC)? Who will auction your Solar Renewable Energy Credits (SRECs)? n CAVEAT: it's a relatively young business, so check out the installer you plan to use. "THE GREATEST IMPEDIMENT TO SOLAR PV IS THE CUSTOMERS' INERTIA. PRICES HAVE COME DOWN AND INCENTIVES ARE STILL INCREDIBLE. WE'RE AT A CROSS- ROADS. NOW IS THE BEST TIME TO SEE IF YOUR PROPERTY QUALIFIES FOR SOLAR." –Darren Jones of the Eastern Mass. Solar Store Monthly electric bills reflect these credits. For homeowners who purchase qualify- ing solar PV systems, incentives include a federal income tax credit of 30 percent of system cost (through 2016), a 15 percent state income tax credit (for renewable energy) of up to $1,000, an equipment sales tax exemp- tion, and a 20-year property tax exemption (solar is a home improvement). For Weston system owners there is an additional state rebate of 10-30 percent (based on first 5 kW eligible) as Commonwealth Solar Stimulus funds become available. Additionally, system owners earn income from the sale of Solar Renewable Energy Certificates (SRECs), based on the system's total production. These can be sold quarterly at auction in Massachusetts for prices ranging from $300 to $500 or more. A typical 5 kW 119 summer 2012 | WellesleyWeston Magazine

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