Town of Nantucket Stimulating Ownership & Local Adoption of Renewables (SOLAR) Rebate Program
Approved by Nantucket Board of Selectmen: May 24, 2017
Program Effective Launch Date: July 1, 2017
In July 2017, the Town of Nantucket launched a local solar rebate program intended to stimulate the adoption of solar energy systems on primary, residential properties located on Nantucket. Rebates of up to $2,500 will be provided to cover a portion of the costs of successfully-installed solar photovoltaic (PV) systems, making ownership more affordable for local residents.
Increased renewable energy generation will help to “green” the local electric supply and reduce summer peak load and costly capacity charges, resulting in lower electric supply and distribution costs for Nantucket electric ratepayers, and specifically those participating in Nantucket PowerChoice—a municipal electric aggregation program launched in March 2017.
This program is intended to provide a number of key community benefits, designed to:
Increase the capacity and affordability of residential solar energy systems on Nantucket
Boost the amount of green power provided by the Nantucket PowerChoice aggregation program utilizing local renewable energy sources
Reduce expensive capacity charges, thus electric prices for all aggregation program participants
Decrease summer peak load, helping to defer the need for a costly 3rd undersea transmission cable; an investment historically paid for by Nantucket ratepayers
Improve local electric grid resiliency and reliability
Reduce local dependence on traditional fossil fuel generation, thereby lessening the island’s carbon footprint
The Solar Rebate Program will be funded through an extra 1/10th cent per kilowatt hour (kWh) that will be included in the Nantucket PowerChoice supply rate. As of July meter readings, aggregation participants will see a .1¢/kWh rate increase from 9.03 ¢/kWh to 9.13 ¢/kWh. The new rate remains less than National Grid’s current basic service rate of 9.432/kW and equates to an 80 cent-per-month increase for an average resident using 800kWh/month.
The rebates are available on a first come, first served basis as funds are available.