Residential

Residential Renewable Energy Tax Credit

Tax credits for residential energy efficiency have now expired.  The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also expired.

The tax credits for residential renewable energy products are still available through December 31, 2021. Renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.

While the tax credits for residential energy efficiency have expired, you can still save money and energy in your home by using ENERGY STAR

Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

Solar Massachusetts Renewable Target (SMART) Program

The Solar Massachusetts Renewable Target (SMART) Program provides per-kWh incentives to solar PV projects up to 5 MW. The program is capped at an aggregate of 1,600 MW, and incentives are available in Eversource, National Grid, and Unitil territories. 

Between 20% and 35% of total program capacity is required to be reserved for projects of 25 kW or less. Program capacity is divided into 80 MW blocks, with incentive amounts declining with each block.

Incentive Amount

The value of the incentive payment is equal to the following for standalone solar projects: 

(Base compensation rate + compensation rate adders - greenfield

Marin County Residential Rebate Program

The County of Marin is offering rebates to single family property owners for the replacement of natural gas appliances with efficient all-electric units, including water heaters, furnaces, ranges and cooktops. Replacing natural gas appliances with electric models will reduce greenhouse gas emissions, improve indoor air quality, and make your home a safer environment.

NYSERDA Retail Energy Storage Incentive Program

NOTE: The Block 1 of 100 MWh of energy storage capacity has been fully subscribed. The incentives is now offered at Block 2 level at $250/kWh for total Block of 125 MWh. 

In December 2018, the New York Public Service Commission (PSC) adopted 1,500 MW energy storage target by 2025, and a 3,000 MW target by 2030. As a part of the order, the PSC directed NYSERDA to develop incentive designed to meet the statewide energy storage goals. 

The Retail Energy Storage Incentive program offers financial incentives for new energy storage projects smaller than 5 MW (AC) that are i) connected

NYSERDA Bulk Energy Storage Incentive Program

In December 2018, the New York Public Service Commission (PSC) adopted 1,500 MW energy storage target by 2025, and a 3,000 MW target by 2030. As a part of the order, the PSC directed NYSERDA to develop incentive designed to meet the statewide energy storage goals. 

The Bulk Energy Storage Incentive program offers financial incentives for new energy storage projects greater than 5 MW (AC) that are connected to the grid. The energy storage system must provide services to the wholesale energy market, ancillary services, or distribution level service. 

Eligibility

The projects must be greater than 5 MW (AC). Any

EnergyUnited (Gas) Residential Appliance Rebates Program

EnergyUnited offers rebates for replacing appliances with new more efficient propane appliances. Rebates are available for propane furnaces or gas packs, propane-fueled vented room heaters or wall furnaces, propane-fueled tankless water heaters, propane-fueled storage tank-type water heaters, and dual fuel heat pumps. Rebate amounts range from $100 to $300 depending on the appliance replaced. Rebates are only available to homeowners. Rebates are available until program funds are depleted.

EnergyUnited (Electric) Residential Energy Efficiency Program

EnergyUnited is offering new rebates for heat pump upgrades. A rebate of $150 is available for upgrading to a heat pump system of 15 SEER and a $300 rebates is available for upgrading to a heat pump system of 16 SEER or higher. Rebate is only available to homeowners. Each applicant must be an EnergyUnited member. Rebates are limited to two units per household.