Commercial Solar Hot Water Financing Program (Massachusetts)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Commercial Solar Hot Water Financing Program|
|Incentive Type||Other Incentive|
|Applicable Sector||Commercial, Institutional, Local Government, Nonprofit, Schools, State Government|
|Eligible Technologies||Solar Thermal Electric, Solar Thermal Process Heat, Solar Water Heat|
|Energy Category||Renewable Energy Incentive Programs|
|Program Budget||$1 million|
|Program Administrator||Paradigm Partners|
|Last DSIRE Review||2013-01-09|
|References||Database of State Incentives for Renewables and Efficiency|
The Massachusetts Clean Energy Center (MassCEC) and Paradigm Partners are offering a solar hot water financing program in order to meet MassCEC's objective of growing the commercial solar hot water industry in Massachusetts. Commercial and non-profit building owners can use the financing program to install solar hot water systems that heat water for the building's domestic, space or process heating needs.
A variety of financing options will be available depending on the project, including power purchase agreements or energy service agreements. A third party will finance the construction, maintenance, and operating costs of the system, and the building owner will sign a long-term contract with the third-party owner. In order to be eligible for the program, the customer's utility must pay into the MassCEC Renewable Energy Trust Fund. Interested customers should use the contact below. Projects will be evaluated based on the suitability of the site, the commitment of the building owner, and the project's timeline relative to other proposed projects.
|Contact Name||Mike Hogan|
|Contact Name||MassCEC Information|
|Department||Massachusetts Clean Energy Center|
|Address||55 Summer Street, 9th Floor|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.