General Finances

Total Cost of Project $800,000
Construction hard cost $500,000
Gross Cost of Renewable Energy System $34,600
Cost per sq ft of conditioned space $210.00
Value of Tax Credits for renewable energy systems $12,400
Net Cost of renewable energy systems $22,200

Savings and Revenue

Annual Electric Savings $1,400
Annual Revenue from SRECs or other RE credits $3,000

Rebates and Financial Incentives

Federal incentives

$10,400 for pv

State incentives

$2,000 for pv
$7,000 for Mass Save Energy Star new construction

Advice

Advice

Owning PV is preferable to leasing. Take full advantage of incentives (US Federal tax credit for PV, Mass Save Program, SREC program). Passive House construction premium pays for itself in reduced energy bills. Owners are essentially pre paying their energy bills.