Solar power in Worcester, Massachusetts
National Grid offer an SREC and net metering program to their customers going solar in Worcester. Net metering credits each kWh of unused solar generation at the retail rate for power. 100kWh exported to the grid would eliminate the cost of 100 kWh drawn from the grid at night or on a cloudy day for example. If in a billing month more energy has been sent to the grid than drawn credit is still provided at 1 for 1 to future bills indefinitely. At the end of a 12 month billing cycle remaining credit will be deposited into your account.
Power providers in Massachusetts must source a certain percentage of their energy from rooftop solar creating a market for Solar Renewable Energy Certificates (SRECs). If utilities fail to meet their guidelines they are fined heavily. Each SREC is proof of 1mWh of energy production priced at about $270. A standard 5kW system usually produces about 6mWh per year resulting in a check from national grid of about $1,350. Since the fines for not producing enough SRECs is set to reduce by about $15 per year returns will reduce slightly however, over the life of a 5kW system this would put about $14,000 in your account.
Massachusetts offers a state tax credit of $1,000 or 15% of the total system cost. After deducting the state tax credit and any other rebates 30% of the remaining cost can be claimed as a deduction to federal taxes. The federal solar tax credit has no size limit and gives you the option to use it over several years or all in one year if you wish. Financial incentives like these are very rare to still see and should not be taken for granted.
Enter your zip code below to get a detailed estimate of how much solar you need, your payback time and local incentives!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Worcester and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Worcester, Massachusetts in 2019 is $3.68 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Worcester, MA is $18,400. (before claiming 30% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 6.46kW solar system in Worcester, MA
This system would offset 100% of your energy usage if your typical monthly bill is $238, however your situation may vary so try our solar calculator to get a result tailored to you.
Net cost of system
Cash - after 30% solar tax credit
2 Years 4 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 6.46kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Worcester, MA that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Massachusetts
|System Size||Cash purchase
After 30% solar tax credit
After 30% solar tax credit
Design your own solar panel system for your home
Going solar in Massachusetts
Check out all of the ways energy providers of Massachusetts can help you be more energy efficient and save money.
The following programs are available:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|Residential Renewable Energy Income Tax Credit||State||Personal Tax Credit|
|Transitional SRECII program with a .8 SREC factor @$230 per SREC, equivalent to an incentive of $0.18 per kwh. (New SMART Incentives will be equivalent to around $0.10 per kwh when implemented||State||SREC II program transitioning to SMART program|
|Renewable Energy Property Tax Exemption||State||Property Tax Incentive|
|Renewable Energy Equipment Sales Tax Exemption||State||Sales Tax Incentive|
|Solar Massachusetts Renewable Target (SMART) Program||State||Rebate Program|
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.