HOME SOLAR IS READY FOR YOU 

This is an excellent time to purchase your home solar electricity system
  Costs have come down.
  Incentives are still high.
  You do not need a perfect site.

Mass. Solar Loan Program
  Interest rate is reduced by 3%. 
  Pays 30% of principal if your family     
  income is less than $66,866.
  Pays 20% if less than $80,240

Federal investment tax credit of 30%
  Can be rolled forward if necessary.
  Reduces your effective purchase price.

State investment tax credit of $1,000

Solar Renewable Energy Credits: SRECs
  This incentive pays you a bonus for 
  producing solar electricity. 
  
Net Metering Credits
  You can bank surplus electricity from
  the summer as a $$ credit on your bill
  and use it to pay wintertime bills.

Reduce your electric bill and also
give yourself a small income
  A correctly sized system will reduce
  your yearly electric bill to near zero.
  The SRECs will cover much of the loan
  payments, giving you a small income.

For more information:
http://www.masssolarloan.com or http://www.masscec.com/learn-about-solar-electricity
or come to Warwick Town Hall May 7, 10-12
HOME SOLAR IS READY FOR YOU 

TYPICAL COST & PAYBACK SCENARIO

Your average monthly usage is 600kWhr
If your bill is, on average, $114/month
If your household income is less than $66,866    If you have a pretty good “solar window” 
  
You will need a 6kW PV System to offset usage. It will cost about $24,000 

Mass. Solar Loan Program
Pays 30% of the principal 
Your system cost is reduced by $7,200
Your system now costs $16,800

Federal investment tax credit of 30%
30% of $16,800 is $5,040
Your system now costs $11,760

State investment tax credit of $1,000
Your system now costs $10,760

Net Metering Credits
The electricity you will not have to buy is worth, on average, $114/month

Solar Renewable Energy Credits: SRECs
One SREC = 1,000kWhr. Your system will earn an average of 0.6 SRECs/month or $128/month over the next ten years.

Payback is 6.7 years or less
Your system cost with a 10 yr. loan is $19,467 ($16,800 + $2,667 interest at 3%)
Loan payments are $162/month for 10 yrs.
Your system earns $242/month ($128+$114)
(Payback is 4.5 years if you use your tax credits to pay down the loan)
…from the Choose Solar Initiative - Warwick, Orange, Wendell (CSI – WOW!)