Benefits of Solar Energy
Solar energy offers multiple advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
- Smaller power bills: Sourcing some or all of your own electricity will save you money on your electric bills long-term. Plus, some states provide net metering programs that allow you to sell your surplus energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Solar energy can keep your home functioning through emergencies and blackouts, giving you additional security. You can use your solar energy anytime with an optional battery backup system.
What Solar Incentives Are Available to Fitchburg Homeowners?
Massachusetts agencies and electric companies offer a number of solar incentives to help minimize your solar system costs. Below is a breakdown of applicable solar programs where you live.
Incentive Type: Property Tax Incentive
Website: in.govIncentive Amount:
Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system
Incentive Type: Personal Tax Credit
Incentive Amount:
15%
Incentive Type: Sales Tax Incentive
Website: mass.govIncentive Amount:
100% exemption
Incentive Type: Industry Recruitment/Support
Incentive Amount:
100% deduction
Incentive Type: Rebate Program
Website: capelightcompact.orgIncentive Amount:
Appliances
Refrigerator and Freezer Recycling: $125
Electric Clothes Dryers: $50
Clothes Washer: $350
Dehumidifiers: $30
Room Air Purifiers: $40
Room Air Conditioner: $40
Heating & Cooling
Oil Heating System: Up to $800
Propane Heating Equipment: Up to $2,300
Oil Water Heater: Up to $400
Propane Water Heater: Up to $800
Heat Pump Water Heater: Up to $600
Central AC/Heat Pump: Up to $250/ton
Mini-Split Heat Pump: Up to $250/ton
Programmable Thermostats: Up to $25
WiFi Thermostat: Up to $100
Solar Domestic Hot Water heater: $500 - $1,500
Home Electronics
Advanced Power Strips: Varies
Home Insulation
Limited Time Enhanced Incentive: 75%
Year-Round Tenant Incentive: 100%
Enhanced Residential Program: 100%
Lighting
LEDs: Varies
Home Energy Assessment: Free
Incentive Type: Loan Program
Website: masssave.comIncentive Amount:
$25,000 ($50,000 for some expanded HEAT offerings)
Incentive Type: Performance-Based Incentive
Website: masmartsolar.comIncentive Amount:
(Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated
Incentive Type: Loan Program
Website: masssolarloan.comIncentive Amount:
Maximum required: $35,000; maximum possible: $60,000
Incentive Type: Rebate Program
Website: masscec.comIncentive Amount:
New GSHP Rebate: $2,000 per ton with adders to eligible applicants
Retrofit Existing GSHP Rebate: varies with installation costs
Incentive Type: Rebate Program
Website: masscec.comIncentive Amount:
Standard Residential:
Pellet Stove: $1,000 - $1,750
Catalytic Woodstove: $750 - $1,250
Non-Catalytic Woodstove: $500-$1,250
Fully Automated Wood Stove: $1,500 - $1,750
Low-Income Residential:
Pellet Stove: $2,500 - $3,250
Catalytic Woodstove: $2,250 - $2,750
Non-Catalytic Woodstove: $2,000-$2,750
Fully Automated Wood Stove: $2,750 - $3,250
Incentive Type: PACE Financing
Incentive Amount:
Financing amount locally determined; 20-year financing term
Incentive Type: Solar Renewable Energy Credit Program
Website: mass.govIncentive Amount:
Varies, depending on market supply and demand
Incentive Type: Rebate Program
Website: masscec.comIncentive Amount:
Base rebate: $100 X number of collectors X SRCC rating (Category D, Mildly Cloudy Day)
Additional $500/system for metering installation
Additional $500/system for participants that have also installed solar PV on the same facility
80%-120% Income-Based Rebate Adder: $125 multiplier in formula (as opposed to $100)
Less than 80% of SMI Income-Based Rebate Adder: $150 multiplier in formula (as opposed to $100)
Non-Profit/Public Entity Adder: $150 in formula (as opposed to $100)
Affordable Housing Adder: $200 in formula (as opposed to $100)
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Fitchburg
The more thorough your provider search is, the better your solar panels will ultimately operate. Make your choice based on the following essential elements.
Licensing and Training
Massachusetts requires new solar PV systems in the Commonwealth to be installed by a licensed electrician and new solar water heaters to be installed by a construction supervisor. You should also visit a company's website to learn about its private accreditations. Two of the most recognized are the Solar Heating Installer and PV Installation Professional certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Fitchburg
Your photovoltaic panels' model will influence how much power you can produce. Monocrystalline panels are among the highest quality and perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can boost your solar system's performance. Not all solar companies include these additional features, so look for a contractor that sells them if it's essential for you.
Most Fitchburg homeowners choose solar systems sized for five kilowatts (kW) of electrical capacity. These systems run about $20,300 to set up, considering both parts and installation. You can find more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,230 |
Solar Polycrystalline | $959 |
Thin-Film | $561 |
Solar Battery | $787 |
Solar Home EV Charger | $2,951 |
Financing Solar Energy in Fitchburg
Choosing the best financing plan will impact your overall solar system cost and potential savings. Common payment options include power purchase agreements, leases, cash payments, and loans. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like an auto or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases let you use your panels for a set monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a company that offers multiple financing options. Ask each salesperson about what's available, and get more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Fitchburg.
A 26% federal solar tax credit applies to recently-purchased solar equipment purchased through 2032. Additional incentives may be available through local governments, usually in the form of rebates and special financing programs.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.0 years |
2 kW | 3.9 years |
5 kW | 9.8 years |
10 kW | 19.6 years |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Fitchburg
How much energy and money could I save per year by switching to solar?
How common is solar energy in Fitchburg?
Will solar panels raise my Fitchburg home price?
How long does the photovoltaic installation process take?
How do I care for my new solar system?
What's the average solar system size in Fitchburg?
How does "net metering" work, and do I need to participate?
Some states or energy providers oblige you to participate in net metering when installing your solar system, while others give you a choice. Either way, once you join, you'll get a check or bill credit for your excess generation at a retail or wholesale rate.
Should I get quotes from multiple Fitchburg solar companies?
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.