RENEWABLE ENERGY TRUST -- F A Q
Renweable Energy Options - 2011 Study
SHELD 2016 Financial Audit
SHELD Board Next Meeting Agenda - available at least two days before meeting
SHELD Cost to SHELD for Power in 2014 & 2016
SHELD Rates - -as of 2001 about $0.13/kwh - My Last Bill was about 14&1/2 cents/kwh
SHELD Meeting of November 19, 2015 - financial report
SHELD meeting videos
SHELD NET METERING POLICY
SHELD New Building Study
SHELD on Solar - http://www.sheld.org/images/uploads/nl_spring_2011.pdf
SHELD Rebates for 2017 Heat Pumps 1 - see Cool Homes Heat Pump 2
SHELD presentation on Solar PV by Beth Greenblat and MaCEC on the Renewable Energy Trust
Beacon Integrated Solutions - Beth Greenblatt energy advise to town of S. Hadley
Free Energy Audits in South Hadley
Holyoke Gas and Electric on Solar
Posts on Renewable Energy
Solar PV Installs in South Hadley
South Hadley Sustaimability and Energy Commission
Renewable Energy Trust Programs
South Hadley Zoning on Solar
Green Community Program Grants History - 23 pages and hundreds of thousands of $
Certificate of Completion and Interconnection - for SRECS
SHELD Home Energy Audit call 888-333-7525 if not a Columbia Gas ratepayer For Columbia Gas customers (to get a better audit) call 866-527-7283 or go to Mass Save
Number of SHELD ratepayers as of 9/16 was 8,600
Mass Save - also call toll-free 1-888-333-7525. only for Columbia Gas customers in S.H.
Columbia Gas if your provider
Mount Holyoke College Solar Campaign - student run in 2012
Mass Solar Loan Program as of 2016
There has been much talk that only the rich can afford photovoltaic solar upfront costs. That is changing. The Mass Solar Loan Program will funnel 30 million dollars in state funds for solar installs via local banks and credit unions to lower interest rates. South Hadley residents are eligible for these loans. The loan money will buy down the bank interest rate by 3%. Customer rates have been as low as 1.25% for those with good credit from good lenders. As we found in 2008 it is always good to look carefully at several banks. A list of preapproved installers and financial institutions with a description of procedures is available at: www.MassSolarLoan.com. Below are some of the important points from the site.
The new Mass Solar Loan Program is designed to make solar PV more affordable. It is administered through local banks. If you earn less than $66,866 annually the program will pay 30 percent of your loan. If you earn less than $80,240 annually the program will pay 20 percent of your loan. The federal tax credit is 30 percent for the next five years. Massachusetts has a one time 15 percent tax credit up to $1,000.
Here is a concrete example. Lets say you earn less than $66,866 annually. The Solar Store of Greenfield installed an additional 2kw PV system for $9,000 on my house two years ago. The loan program would pay for 30% or about $3,000, the IRS tax credit is 30% or roughly $3,000 and the Mass tax credit is $1,000. That brings the cost to $2,000!
You will receive checks from the Solar Renewable Energy Credits (SREC) but I cannot say what the amount of the SRECs will be as the third generation on the program is now being created. You will also enjoy a reduction of your electric bill. Installers can give you a better idea of these amounts and look at your roof’s sun situation. Get three estimates. It is a free education.
The Mass Solar Loan Program includes three incentives to help Massachusetts residents go solar. While terms may vary, lenders will offer 10-year fixed-rate loans between $3,000 and $35,000.
Interest Rate Buy Down
The Mass Solar Loan program reduces the annual interest rate paid by solar system owners by 3 percent below the typical rate charged by participating lenders. This Interest Rate Buy Down is available to all solar system owners regardless of income.
Loan Loss Reserve
Depending on a resident’s credit score, lenders may be eligible for additional incentives to help their customers go solar. If a resident’s credit record is less than perfect, they should ask a participating lender if they might qualify for the Loan Loss Reserve incentive.
Income-Based Loan Support
Consumers with annual household incomes $80,240 and below may be eligible to have the Mass Solar Loan program pay a portion of their loan principal when the project is complete.
Household Income Loan Principal Buy Down Rate (% of Loan)
Less than $66,866 annually - CEC will pay 30 percent of the loan
Between $66,866 and $80,240 CEC will pay 20 percent of the loan
Mass Solar Loan Program Manual
There are now five things which make PV solar a money and life saving idea. They are: the 30% federal tax credit, the 20-30% loan repayment from the Mass solar loan program for folks with incomes less than $80,240 and $66,866, the SREC payment (mine was $2,177 last year for a 5KW system last year), the end, or nearly so, of an electric bill and, most important, the step toward ending the Climate Change spiral. They are changing.
2017 Trump began, and it is only beginning, his assault on all things which would end Climate Change.
2018 The SREC payments in Mass. will be replaced by “SMART” and go down by 25-50%.
The Mass Solar Loan program will run out of funding. They might get more?
2019 The 30% federal tax credit will go down by 26%.
If you are considering Photovoltaic Solar, do it now!