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 "first-of-its-kind" local solar rebate program intended to stimulate the adoption of solar energy systems on primary, residential properties located on Nantucket. Rebates of up to $4,000 are provided to cover a portion of the costs of successfully-installed solar photovoltaic (PV) systems, making ownership more affordable for local residents.
This program is intended to provide a number of key community benefits:
To increase the capacity and affordability of residential solar energy systems on Nantucket
To boost the amount of green power provided by the Nantucket PowerChoice aggregation program utilizing local renewable energy sources
To reduce expensive capacity charges, thus electric prices for all aggregation program participants
To decrease summer peak load, helping to defer the need for a costly 3rd undersea transmission cable; an investment historically paid for by Nantucket ratepayers
To improve local electric grid resiliency and reliability
To reduce local dependence on traditional fossil fuel generation, thereby lessening the island’s carbon footprint and improving air quality
The Solar Rebate Program is funded through an extra 1/10th ¢ per kilowatt hour (kWh) charge that is included in the Nantucket PowerChoice supply rate. The solar "adder" equates to 80¢ per-month for an average resident using 800kWh/month.
The rebates are available on a first come, first served basis as funds are available.