Find out about everything from purchasing wind energy through Eversource to installing solar panels for your business.
What is renewable energy?
Renewable energy comes from energy sources that renew themselves. The sun, wind, biomass and geothermal heat from the earth can all be used to generate electricity, heat water, and heat, cool and light your business in a way that is clean, safe, and sustainable.
What comes first, energy efficiency or renewable energy?
Consider pursuing energy efficiency first. Although a new hot water heater or extra insulation are not as glamorous as solar panels, they are more cost effective. In addition, should you then pursue renewable energy options, you won’t need as large a system. The combination of efficiency and renewables is a great way to save money over time and reduce your carbon emissions.
Also learn about our Solar Hot Water Grant program here. Get money to help install a solar hot water system on your home or business.
Purchase Renewable-Generated Electricity
Install Renewables for Your Business
The Mass Clean Energy Center runs the renewable incentives programs including Commonwealth Solar Hot Water and Commonwealth Wind. See the full list of programs and filter by programs for “businesses.”
An experienced contractor can help you navigate the grant application and installation process. SEBANE and NESEA both offer directories of qualified solar installers, and NESEA’s “green pages” also include contractors for wind, geothermal and more.
Solar thermal equipment (hot water and space heating), is an option that should not be overlooked. These systems can be an economical foray into renewable energy, and are generally eligible for the same property tax exemption of system-added value as most other renewable energy installations. Other generally applicable incentives include special depreciation under the Modified Accelerated Cost-Recovery, and a 30% corporate tax credit or alternatively a 30% grant for qualified properties.
Invest in Renewables for Others
You can invest in bringing more renewable energy to New England by making a contribution at New England Wind Fund, which helps local groups with the cost of renewable energy installations.
Paying for a Renewable Energy Installation
In April of 2010 CEA sponsored an event dedicated to informing the public about financing solar energy installations, and the presentations of several organizations in the field are available.
Find out more about federal, state, and utility incentives such as the grant program above through Commercial Building Tax Deduction Coalition and their Commercial Lighting Tax Deduction, or DSIRE. Our business financing page lists other programs and services which you may also be able to take advantage of.
Contact the Energy Advisor.