Photo: Rebecca McNeill with her daughter was the first homeowner to sign up for solar panels in the Belmont Goes Solar campaign.
Due to popular demand, the Belmont Goes Solar community-run program is being extended until June 30, according to a news release from Belmont Goes Solar, the ad hoc group supported by the Board of Selectmen, and formed by members of the Belmont Energy Committee, Mothers Out Front, Sustainable Belmont and Belmont Light.
Since its kickoff in January, more than 175 Belmont homeowners have signed up for a rooftop solar system, more sign-ups over a four-month period than any other community in the state that has run a solar campaign. And those 175 solar systems will produce 1,000+ kW of pollution-free electric capacity. This is the same carbon reducing effect as planting 780,000 trees or taking 200 cars off the road for 30 years.
The town will also benefit as the program’s selected installer, Direct Energy Solar, has committed to installing a free solar system valued at $25,000 on a town school or municipal building due to selling 100 solar arrays in Belmont. If 200 solar systems are sold in Belmont by June 30, Direct Energy Solar will contribute towards an electric car and a charging station for the town.
The average cost of a rooftop solar system is about $15,000 but financial incentives significantly offset that cost. The Belmont Goes Solar negotiated discount pricing, combined with a thirty percent federal tax credit and a state rebate up to $1,000 reduces the cost significantly.
Additionally, a solar system will create solar renewable energy certificates that can be sold to utilities to provide another revenue stream in ten years, reducing the cost further. In total, these financial incentives mean that the typical Belmont homeowner will recoup the cost of purchasing their solar system in just five to seven years. After that, they will have free electricity for the 25-year life of the system. If financing is needed, many homeowners tap a home equity line of credit; Direct Energy Solar and the state (through its Mass Solar Loan program) also offer low-interest loans.
With all the benefits for homeowners and the Belmont community, now is the time to consider solar.
For a free, no-obligation solar evaluation of your Belmont home or business, call 800-903-6130 or visit www.BelmontGoesSolar.org.