Transformations---15 Laurel Street, Northampton, MA
General Finances
This home was part of a 4 lot project with MassDevelopment in the Southern part of the Village Hill community in Northampton. The 15 Laurel Street lot was purchased on speculation and the Farmhouse model was built on it. The home was customized to include a bonus room over the garage.
Total Cost of Project
$407,900
Construction hard cost
$304,651
Gross Cost of Renewable Energy System
$42,322
Cost per sq ft of conditioned space
$182.59
Value of Tax Credits for renewable energy systems
$12,697
Net Cost of renewable energy systems
$29,625
Rebates and Financial Incentives
Federal incentives
A 30% Federal tax credit on the solar system went to the buyers of the home.
State incentives
A $1,000 state tax incentive for solar systems is available to the buyer. The Solar Renewable Energy Credits (S-RECs) went to the buyer.
Utility incentives
The Tier 3 utility incentive of $7,000 was retained by the builder.
General Finances
This home was part of a 4 lot project with MassDevelopment in the Southern part of the Village Hill community in Northampton. The 15 Laurel Street lot was purchased on speculation and the Farmhouse model was built on it. The home was customized to include a bonus room over the garage.
| Total Cost of Project | $407,900 |
|---|---|
| Construction hard cost | $304,651 |
| Gross Cost of Renewable Energy System | $42,322 |
| Cost per sq ft of conditioned space | $182.59 |
| Value of Tax Credits for renewable energy systems | $12,697 |
| Net Cost of renewable energy systems | $29,625 |
Rebates and Financial Incentives
| Federal incentives |
A 30% Federal tax credit on the solar system went to the buyers of the home. |
|---|---|
| State incentives |
A $1,000 state tax incentive for solar systems is available to the buyer. The Solar Renewable Energy Credits (S-RECs) went to the buyer. |
| Utility incentives |
The Tier 3 utility incentive of $7,000 was retained by the builder. |