Massachusetts
Extrusion Technologies - 315 kw Randolph, MA
Massachusetts State Incentive
The Massachusetts Technology Collaborative (MTC) offers a rebate of 30%-50% off the total cost of the system. The rebate is credited directly to the installer (SSE), so the business is only responsible to pay the remaining 50%-70%. To learn more about the MTC and commercial rebates, visit the MassTech Commercial page.
Other Financing Options
- Leasing
Leasing provides one of the easiest and cheapest ways to go solar. Our financial partners cover the entire installation cost and lease you the solar panels. Typically, contract terms last for 5 to 10 years and customers see savings on electricity costs.
- Power Purchasing Agreement (PPA)
Under a PPA, solar panels are installed with the total installation cost paid by a third party or PPA provider. Your business purchases the solar electricity directly from the PPA provider. Typically, terms are for 10, 15, or 20 years and clients see savings in electricity costs that increase over time.
- Business Loans and Equity Lines of Credit
Business loans and equity lines of credit offer another financial option. SSE’s solar systems provide a return on investment of 5 to 8 years on projects financed through business loans and equity lines of credit. Your SSE commercial system designer will clarify how term lengths and interest rates affect your return on investment.
You can also read about the Federal Tax Incentive here.
Call us today to discuss the options available in your state or to schedule a free site evaluation of your commmercial building.
