Taunton residents can get excited about their local incentives for solar energy. Local utility Taunton Municipal Lighting Plant (TMLP) offers one of the most generous solar rebates in Massachusetts, and several local homeowners have already saved significantly on their solar installations.
TMLP provides rebates for projects up to 2.5 kW or $4/watt for a maximum rebate of $10,000. When coupled with the 30% Federal Tax Credit and $1,000 state tax credit, along with income from Solar Renewable Energy Credits (SRECs), savings on the system are significant. The Taunton rebate generates the largest savings for a smaller installation, compared to Commonwealth Solar Rebate II program, which offers 1.00/watt to 2.10/watt for a system up to 5kW.
Taunton resident Russell Morris, who had a 3.2 kW solar installation completed in July by Sunlight Solar, was the first Taunton resident to receive the TMLP solar rebate. Incentives helped reduce his installation cost by 69%, and he is looking at a payback period of approximately 5 years. Morris learned about the Taunton incentives during Sunlight Solar’s informational seminar at the Raynham Public Library in March of 2010.
“We have several other [projects] in the cue and are delighted that TMLP customers will benefit directly from monies earmarked for “green” or renewable projects, says Michael Horrigan, General Manager at the Taunton Municipal Lighting Plant. “It has long been our strategy to maintain a healthy green energy portfolio…and this is just one more tool in the bag enabling us to do so.”
The rebates are offered on a first-come, first-serve basis, so customers are encouraged to check in with TMLP funding levels before making the decision to go solar. Due to the limited funds, I recommend that Taunton residents act quickly! We don’t know if these rebates will be renewed once the first block of funding runs out.
To find out how much you could save on a solar electric system, contact any of our experts at Sunlight Solar today! We can walk you through the incentives and provide a free site evaluation and customized quote.
TMLP serves 36,000 customers in Taunton, Raynham, Berkley, North Dighton, and sections in Lakeville and Bridgewater.