The benefits of switching to solar power for your home are well-publicized: plentiful incentive programs, valuable tax rebates for solar installations, the opportunity to support cleaner energy, and more. But what are the risks of going solar in Massachusetts?
Having all the information at your fingertips allows you to make the best decision about your future. Here are some potential risks for Massachusetts homeowners, so you can make an informed decision about choosing solar for electricity.
Changes to net metering and other incentive programs
Financial incentives make switching to solar very attractive for Massachusetts homes. However, there’s always a chance that existing programs could be phased out or changed.
The landmark climate bill* is designed to reduce the state’s greenhouse gas emissions, so there’s definitely a lot of enthusiasm among leadership to continue to support solar power. It seems unlikely that there will be significant negative adjustments to local solar incentives in Massachusetts in the near future.
On the other hand, the federal solar tax credit** is reduced by a fixed amount each year, and may eventually disappear. Unless there is new federal legislation, you may need to act quickly in order to enjoy these tax credits that help pay for your solar installation.
Net metering availability and variance
Although changes to existing net metering programs are unlikely, program availability and terms vary according to utility. You should check with a Freedom Forever independent authorized dealer prior to investing in a solar installation, to make sure you will receive the net metering benefits you expect. Your solar dealer can help you understand the availability and full impact of net metering.
Home suitability. Make certain your home is suitable for solar installation. Your roof should be in good condition and large enough to provide a proper mounting surface. South or west-facing installation is preferred for best solar results – if suitable panel placement or orientation is not possible with your home, performance may be impacted and you might not get the power generation you expect.
Upfront costs. This is not a DIY project: a solar installation requires an upfront investment in equipment and installation. Leasing and other types of ownership plans can reduce costs, along with incentives, but you will still need to make an upfront payment to get started.
Make certain you have the financial flexibility to invest in a solar system, and fully explore all the available incentives and tax breaks to make it more affordable.
Learn More About Your Massachusetts Solar Power Choices
Contact Freedom Forever today to learn everything you need to know about going solar in Massachusetts, both the benefits and the risks. We’re committed to helping homeowners get all the information needed to make the best decision about their energy future.
Ready to go solar? Call us at 800-685-1850 or click below to get started
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**You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.