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Massachusetts set to be next major solar market?

statehouse massachusetts Massachusetts set to be next major solar market? Good things are happening in the Massachusetts State Legislature

Great news coming out of Massachusetts. Rules were approved last month on how homeowners can get guaranteed money for going solar in the state from their electric companies.

Here’s how it worked out: In 2008, the state legislature required that electric companies get at least a chunk of the energy they produce from clean, renewable sources. These rules, just written up in January 2011 now say exactly how much you can be paid for having one of those sources be your rooftop with solar panels on them.

If your utility company isn’t able to show they hit their targets for deriving electricity from clean sources, they are bounded to pay a special fee directly to the state. The rules were just written to clarify the exact amount your utility company would need to pay for each bit of electrons that they aren’t able to get from a clean source.

Basically for you as a homeowner in Massachusetts considering solar, you now have some additional guarantees, since instead of paying a fee to the state for a certain amount, your utility company will now be willing to pay YOU for the right to say your clean electricity you generate with your solar panels feeds into their electric network.

For an average sized 5kW solar system, you can expect about $2,000 per year in payments directly to you from the utility company for having solar on your roof! That’s in addition to the added value the panels give to your home (20x your annual electric savings), your actual utility bill savings, and environmental savings as well!

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