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
Value of Tax Credits for renewable energy systems
Net Cost of renewable energy systems
Cost breakdown information:
Savings and Revenue
Annual Electric Savings
Annual Revenue from SRECs or other RE credits
Rebates and Financial Incentives
Federal Rebate for PV System: $7934
Federal Rebate for SHW System: $4143
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