North Attleborough Electric Department [NAED] customers who want to install solar panels for home energy use can now apply for an incentive through the MLP Solar Program.
NAED has pledged $30,000, which the Department of Energy Resources [DOER] will match, for a potential total of $60,000 in program funds. The MLP Solar Program will award $1.20 per watt for approved projects, with NAED and the DOER both providing a matching contribution of $.60. Awards will be dispensed on a first come, first served basis to solar projects that meet specific requirements.
The MLP Solar Program provides an up-front award, making it different from the recently-expired Solar Renewable Energy Credit [SREC] program. Until December 2018, SREC program participants received their award quarterly, spread over 10 years. Municipal Light Plants, such as NAED, have worked with the DOER and Energy New England (ENE) to develop the immediate payout. NAED is participating in this program to make solar technology more affordable for customers to adopt robust renewable energy sources.
- Provides $1.20 per watt of installed solar production
- For example: Systems sized for 3kW of solar energy production (direct current) will be eligible for a $3,600 rebate
- Systems sized for 7 kW can qualify for $8,400
- Rebates will equal no more than half the installed cost of any system
- Participating customers will also have financing options available through the Mass Solar
- Loan program, with low-interest, fixed rates and support for income qualified residents.
- Only customers with renewable generation systems approved by North Attleborough Electric Department will qualify to receive the rebate.
Learn more about applying for solar interconnection at bit.ly/2VTmust or call 508-643-6300 for more information.