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GAF Energy DecoTech: This roof-integrated solar system leverages top-of-the-line sleek black solar panels that install similar to a skylight, a direct-to-deck solar option with a sharp look. GAF Energy solar can produce electricity at a lower cost than your utility company. The more you produce and use your own electricity, the less you purchase. You may also get credit for solar energy you send back to the grid when your panels produce more power than your home uses.

These changes to the SMART regulations were put into place not only to help the solar industry recover from the COVID pandemic , but also to get Massachusetts to reach its renewable portfolio standard RPS goals while continuing the fight against climate change.

If you qualify for the SMART program, your utility will pay you a fixed rate-per-kilowatt-hour kWh of solar energy your solar panels produce for 10 years. This capacity is divided among the three investor-owned electric distribution companies in Massachusetts: Eversource, National Grid, and Unitil.

From there, the total capacity that is allocated for each utility is divided into different categories, based on system characteristics. For example, low-income community solar projects will receive a different incentive rate than residential projects. When a block is full, that means the block has reached capacity and the program will move to the next block.

The new block will have a lower incentive rate than the previous block. The following table outlines the current incentive rate, also called the Capacity Block Compensation Rate, that is being offered by each utility for solar panels systems that are less than or equal to 25 kW in size:.

If you want to know exactly how much you are getting from the SMART program alone, you have to subtract the cost of electricity from the Capacity Block Compensation Rate. For instance, installing a battery storage system with your panels can qualify you for the energy storage adder, which will give you additional savings per kWh.

Installing a system on a brownfield will also qualify you for an adder. These adders encourage those who are making the switch to solar power to consider installing certain types of systems in order to receive a larger incentive payment. The best way to understand how much a solar system owner will save with the SMART program is with an example. Remember, the Block Compensation Rate includes the cost of electricity. Check out our free solar calculator to see an accurate estimate of what the solar payback period would be for your home.

If you consider the example above, the payback period for a 6 kW solar system in Massachusetts with net metering and the federal tax credit would be almost 9 years. When you add the SMART program savings on top of that, the payback period cuts itself in half to just 4 years.

The payback period may differ from this example. How long it will actually take to payback your system depends on:. For every megawatt-hour of solar energy produced, homeowners would receive one SREC. These SRECs could then be sold to utilities in order for them to meet their renewable portfolio standards. SRECs are traded on a market, so their value varies based on market conditions.

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