On-Site
Generate Renewable Energy On-site
What Is It?
On-site renewable power production requires the installation of renewable energy equipment that captures energy from sunlight, wind, water, and other renewable energy sources in order to produce energy for the workplace. This may include, but is not restricted to, wind turbines, solar panels, etc.
Benefits
On-site renewable power production offers many benefits. For example, it reduces demand on the state’s and region’s electricity grid, improving its reliability; reduces the likelihood of disruptions in power supply; and prevents harmful emissions by offsetting electricity produced from fossil fuels. In addition, it creates long-term savings for your building or workplace through lower energy bills while helping Massachusetts and the country as a whole become more energy-independent.
Financing Options, Incentives, and Rebates
FEDERAL
- Federal Business Energy Investment Tax Credit (ITC)
- Renewable Electricity Production Tax Credit (PTC)
- Modified Accelerated Cost-Recovery System (businesses may recover investments in certain property through depreciation deductions)
- U.S. Department of Energy’s Loan Guarantee Program
STATE
- MassDEP Fast Track Permitting
- Excise Tax Deduction for Solar- or Wind-Powered Systems
- Excise Tax Exemption for Solar- or Wind-Powered Systems
- Renewable Energy Property Tax Exemption
- Renewable Energy Property Tax Exemption for solar power with the purpose of heating
NEWS
- “Hospitals go green to save some green,” The Boston Herald, August 10, 2015
- “Boston unveils online map of solar power potential citywide,” The Boston Globe, September 17, 2014
RESOURCES
- U.S. EPA: Guide to Purchasing Green Power
- U.S. DOE Financial Assistance Solicitations for Business, Industry, and Universities
- U.S. Department of Energy: Outline of Renewable Energy Incentives
- Solar Energy Business Association of New England
- EPA Clean Energy Programs
- Top 6 Things You Didn’t Know about Solar Energy
