Solect - Clean Energy...Today

The government refunds part of the cost of installation of the system (federal and state tax incentives)

With investment subsidies, the financial burden is decreased as federal tax credits and accelerated depreciation methods bring down the costs of solar installation leading to near grid parity in overall expenses. Current incentives at the federal level are:

SREC's are another form of subsidy where their values are determined by market supply and demand. In this mechanism, a renewable energy production or consumption target is set, and the grid provider is obliged to purchase renewable energy from whoever provides it the most competitively. The producer (solar energy system owner) is paid via the SREC program.

Net Metering allowing producers to sell excess power back to the utility.

Another form of economic benefit permitted in Massachusetts is Net Metering, defined as a method of crediting customers for electricity generated via on-site solar PV systems in excess of their electricity consumption.  Building owners with their own solar generation capability, offset the electricity they would have purchased from the utility.  When these building owners generate more than they use in a billing period, their electric meter turns backwards to indicate their net excess generation.  In Massachusetts, net metered electricity is credited at the full retail generation cost.