Green Zero Carbon Home
Renovation of 1970's house to a zero carbon footprint
General Finances
All paid in cash
| Total Cost of Project | $75,000 |
|---|---|
| Gross Cost of Renewable Energy System | $75,000 |
| Cost per sq ft of conditioned space | $14.00 |
| Value of Tax Credits for renewable energy systems | $50,000 |
| Net Cost of renewable energy systems | $25,000 |
Savings and Revenue
| Annual Electric Savings | $2,500 |
|---|---|
| Annual Revenue from SRECs or other RE credits | $3,750 |
Rebates and Financial Incentives
| Federal incentives |
30% federal tax credit on solar panels, about $23,000 |
|---|---|
| State incentives |
MA SREC2 solar power subsidy, about $29,000 |
| Utility incentives |
$1500 utility rebate on heat pumps |
Advice
| Advice |
Get all the incentives and the low cost, or zero interest, state loans. Get Massive to pay for the insulation. |
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