Case Studies
George Allen
“Sunlight Solar figured out all the costs and incentive programs for me. The installation was professional and went smoothly.”
Swampscott, MA
George Allen decided to invest in solar in order to save and make money, as well as to reduce his family’s carbon footprint. By financing his system with an 18 month no-interest loan, he was able to take advantage of his 30% Federal Tax Credit and SREC income right away, resulting in an immediate revenue-positive investment. Referred by a friend who also lives in Swampscott, George and his cohorts are helping to make the North Shore a greener place to live!
George’s advice for other homeowners who are considering going solar is: “If you have a good site, do it if only because it’s a good investment with the current incentives; Mass SRECs are running $500 right now, or 50 cents/kwh generated.”
Summary
| System Specifications: | 5.52 kW, SunPower 230, 24 panels |
| Electric usage covered by solar: | 108% |
| Annual CO2 Reduction: | 10,089 lbs of CO2 annually |
| Incentives: | 30% Federal Tax Credit |
| Commonwealth Solar Rebate | |
| MA State Tax Credit | |
| Payback, Rate of Return: | 5 year payback, >20% Return on Investment |
| New Electric Bills: | Net of $0 over the year, other than grid connection fees |
Jim and Gerry Harvey
Harvey Residence - Hadley, MA
“Sunlight Solar’s quote was very competitive. It was clear that going ahead with a solar electric installation would benefit both the environment and the family. The installation crew as well as the office people we have dealt with have been very friendly, helpful, and concerned about doing a quality job.”
Hadley, MA
The Harvey’s are enthusiastic about saving energy and saving money. Motivated by environmental concerns and financial payback, they decided to have Sunlight Solar install a 4 kW PV system on their home to cover 92% of their annual electric usage. With Massachusetts solar incentives, the Harvey’s discovered that their return on investment for a solar PV installation would be better than keeping their money in savings accounts, CDs, or corporate bonds.
In addition to their solar PV system, they have a two-panel solar hot water system, which has cut more than 100 gallons of heating oil out of their usage per year.
Summary
| System Specifications: | 4 kW, Evergreen 200-watt, 20 panels |
| Electric usage covered by solar: | 92% |
| Annual CO2 Reduction: | 7,459 lbs CO2 annually |
| Incentives: | 30% Federal Tax Credit |
| Commonwealth Solar Rebate | |
| MA State Tax Credit | |
| Payback, Rate of Return: | 5% return on investment |
