The federal government has set the goal of ensuring that 25% of our electricity comes from renewable sources by 2025. Solar will play a significant role in fulfilling this goal.
The federal government offers a renewable energy incentive of 26% of the cost of a system as a tax credit. SunBug designs systems that are in compliance with all federal reporting regulations in order to take complete advantage of that tax incentive.
In Massachusetts, the state offers a tax credit worth 15% of the system cost, capped at $1,000.
Department of Energy research shows that buyers pay more for homes with rooftop solar panels when the system is owned by the homeowner rather than leased though a Leasing or Residential PPA company. The Lawrence Berkeley National Laboratory study found that buyers were willing to pay a premium of about four additional dollars per watt for a home with the average-size solar photovoltaic system.
