Implementing Sector | Utility |
---|---|
Category | Financial Incentive |
State | Massachusetts |
Incentive Type | Rebate Program |
Web Site | Reading Municipal Light Department - Renewable Generation |
Administrator | RMLD (Reading Municipal Light Department) |
Utilities | Reading Municipal Light Department |
Eligible Renewable/Other Technologies | Solar Photovoltaics |
Applicable Sectors | Commercial, Residential |
Incentive Amount | $1,200/kW |
Maximum Incentive | 50% of total installed costs, excluding tax up to $24,000 |
Eligible System Size | 20 kW |
Equipment Requirements | Equipment must come with a 20-year or greater manufacturer’s performance warranty |
Ownership of Renewable Energy Credits | Program participation gives 100% of owner's Renewable Energy Certificates (RECs) to RMLD for the lifetime of the system |
The Reading Municipal Light Department (RMLD) provides a financial incentive program designed to encourage the adoption of solar energy systems among its residential and small commercial customer base. To participate in this program, customers must install grid-connected solar panels on their properties. Qualifying installations are eligible for a rebate, offered at a rate of $1,200 per kilowatt (kW) of installed capacity. However, there is a cap on the rebate amount, ensuring that it does not exceed 50% of the total cost of the solar project, excluding taxes, with a maximum possible rebate of $24,000. It’s important for interested customers to note that they must secure preapproval from RMLD before proceeding with their solar energy system installation to qualify for the incentive.