Wind Rebate Program Overview
Rebate Program Overview Micro wind systems are supported through a hybrid rebate consisting of two parts: Rebate 1: Will be based on the rated capacity of the system at 11 m/s (taken from the system’s power curve). Rebate 2: Will be based on the verified estimate of kilowatt-hours produced by the system for its first year of operation. Ninety percent of the rebate will be paid after project completion and ten percent will be paid after 12 months reporting of electricity production and monitored wind data. The total rebate is capped at:...
read moreUSDA Taking Applications for Rural and Farm Energy Funding
On January 20, USDA announced that it is taking applications for Rural Energy for America Program (REAP) funding. For FY2012, USDA has $25.4 million in budget authority for REAP, which will support at least $12.5 million in grant funding and approximately $48.5 million in loan guarantees. USDA is taking applications for all components of the REAP program with the following deadlines: • renewable energy system and energy efficiency improvement grant applications and combination grant and guaranteed loan applications until March 30,...
read moreNet Metering
Net metering programs serve as an important incentive for consumer investment in on-site renewable energy generation. Net metering enables customers to use their own generation from on-site renewable energy systems to offset their consumption over a billing period by allowing their electric meters to turn backwards when they generate electricity in excess of their demand, enabling customers to receive retail prices for the excess electricity they generate. Without net metering, a second meter is usually installed to measure the electricity...
read moreResidential Tax Credit
Massachusetts allows a 15% credit — up to $1,000 — against the state income tax for the net expenditure of a renewable-energy system (including installation costs) installed on an individual’s primary residence. If the credit amount is greater than a resident’s income tax liability, the excess credit amount may be carried forward to the next succeeding year for up to three years. Eligible technologies include solar water and space heating, photovoltaics (PV), and wind-energy systems. The original use of the system must...
read moreCommonwealth Hydropower
The Commonwealth Hydropower Program seeks to increase the output of the Commonwealth’s hydropower assets by providing grants for ecologically-appropriate projects that can be implemented quickly and efficiently. Eligibility is generally limited to projects that can demonstrate a high likelihood of qualifying for the Massachusetts Renewable Energy Portfolio Standard. Permanent link to this post (48 words, estimated 12 secs reading time)
read moreReBuild Western Massachusetts
The program designed to provide over $8 million in financial assistance to help residents impacted by the storm rebuild using energy efficiency practices and renewable energy technologies. The Department of Energy Resources (DOER), in partnership with the Massachusetts Clean Energy Center (MassCEC), is providing incentives and grants, subsidizing construction loans for energy improvements, and providing technical assistance to help homeowners, businesses, and municipalities that sustained damages inflicted by the June 1, 2011 tornadoes in...
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