Transformations---21 Laurel Street, Northampton, MA
General Finances
Total Cost of Project
$390,365
Construction hard cost
$276,579
Gross Cost of Renewable Energy System
$37,422
Cost per sq ft of conditioned space
$226.82
Value of Tax Credits for renewable energy systems
$11,227
Net Cost of renewable energy systems
$26,195
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
| Total Cost of Project | $390,365 |
|---|---|
| Construction hard cost | $276,579 |
| Gross Cost of Renewable Energy System | $37,422 |
| Cost per sq ft of conditioned space | $226.82 |
| Value of Tax Credits for renewable energy systems | $11,227 |
| Net Cost of renewable energy systems | $26,195 |
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. |