Holland Passive House
General Finances
The uniqueness of the Passive House construction made it impossible to find a builder on Martha’s Vineyard with the Passive House expertise and willingness to bid on the project on a fixed price contract basis, and so a cost-plus contract was executed with Farley Built, Inc. of Tisbury, Massachusetts, with construction costs in-line with major construction projects on Martha’s Vineyard.
Gross Cost of Renewable Energy System
$40,259
Value of Tax Credits for renewable energy systems
$13,077
Net Cost of renewable energy systems
$27,182
Savings and Revenue
Annual Electric Savings
$5,240
Annual Revenue from SRECs or other RE credits
$1,700
Rebates and Financial Incentives
Federal incentives
Federal Rebate for PV System: $7934
Federal Rebate for SHW System: $4143
State incentives
MA Residential New Construction Program Tier III incentive: $7K
PON Zero Net Energy Building grant: $10K + $2K for hygrothermal modeling.
MA Income Tax Credit for PV System: $1K
General Finances
The uniqueness of the Passive House construction made it impossible to find a builder on Martha’s Vineyard with the Passive House expertise and willingness to bid on the project on a fixed price contract basis, and so a cost-plus contract was executed with Farley Built, Inc. of Tisbury, Massachusetts, with construction costs in-line with major construction projects on Martha’s Vineyard.
| Gross Cost of Renewable Energy System | $40,259 |
|---|---|
| Value of Tax Credits for renewable energy systems | $13,077 |
| Net Cost of renewable energy systems | $27,182 |
Savings and Revenue
| Annual Electric Savings | $5,240 |
|---|---|
| Annual Revenue from SRECs or other RE credits | $1,700 |
Rebates and Financial Incentives
| Federal incentives |
Federal Rebate for PV System: $7934 |
|---|---|
| State incentives |
MA Residential New Construction Program Tier III incentive: $7K |