How The Solar Boston Program Works

Boston is situated in the northeastern part of the United States and is one of the major cities of Massachusetts

. A number of industries have come up in the region that has resulted in growth and development of the area. This; however, has also resulted in high electricity usage in the state. Natural gas is the major resource of energy usage in the city and takes care of more than 40 percent of the demand. There are; however, a number of different factors associated with the same. Firstly, the resource is not a renewable one and is sure to get exhausted in future. Secondly, the prices of natural gas are unstable and the rise is expected in the times to come as well. All this has forced the authorities to look for alternate sources of energy and develop special schemes to persuade people to opt for the same. The Commonwealth Solar Program, also called the Solar Boston Program is a result of the entire process.

The program is designed in such a way that it encourages the use of solar energy thereby reducing the stress on non-renewable sources of energy.

Process and Benefits

For those who are looking to get some benefits of the program, must register themselves with the Boston city authorities. They must also submit a quote at the same time. This quote is basically the rebate that you ask from the government and is dependent on a number of different factors including the household income, value of the home and place of manufacture of the equipment to name a few. For this, you would need to have your house evaluated before filing for a rebate. You are provided a number of different exemptions in the form of state, federal and service taxes. You also have certain credits that you can sell to other companies and generate some money. The companies on the other hand need to buy these from you in case they are not able to produce a minimum amount and want to escape the penalty of not doing so. The penalty is high and buying the credits is a better option for them.

The Costs

Studies and estimates reveal that the approximate cost of the installation of equipment ranges from $25000 to $30000. The total cost after the rebates and incentives comes down to around $13000 to $15000. The important point to be kept in mind here is that the maximum rebate that you can get is $20000.

The Revenue

The Solar Boston program would stay active until the year 2020. You can make around $3000 every year by selling the credits. Other than this, all your household energy needs ranging from cooling, heating and other equipment types would be taken care of by the installation and you would not need to spend even a penny on energy bill for years to come. The value of the home also increases after the installation of equipment.

The investments of these types are also a great way to take care of the degrading environmental conditions.

by: James Watt

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