The Solar Initiative offers revised subsidy programs for April 1 to June 30, 2021

Thu, 03/25/2021 - 6:00pm
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It is the mission of the Solar Initiative on Block Island to reduce fossil fuel emissions by offering incentives to energy consumers to move to renewable sources of energy. Our primary means of making progress toward this goal is education (e.g. columns such as this series) and subsidies to make renewable sources more attainable for homeowners on Block Island.

Schedule

Starting on April 1, (through June 30) our schedule of subsidies will be as follows:

1. Affordable homes: Homes designated as “affordable” by the town’s measure will continue to have the opportunity for a free basic photovoltaic system and heat pump system. The installations must be feasible and use our designated equipment and installer. These conditions apply to all categories.

2. Heat pumps: Up to a $6,000 subsidy is offered to homes occupied yearround, or two-thirds off the total installed costs, whichever is lower.

3. PV systems: This subsidy is increased from $800 per KW to $1,200 per KW to a maximum of 15 KW.

4. Combination: When both a PV system and a heat pump system are procured, an additional up to $3,000 is offered toward the expenses of upgrading the home’s electric panel, if needed. Note: this offset is limited to the panel replacement specifically.

Rooftop solar systems

The roof top solar system installation, considering the 26 percent Federal tax credit and the approximately 22 percent subsidy, represent a nearly 50 percent discount versus the “sticker price.”

To learn more or to sign up to receive a proposal, please contact Tony Pappas at (508) 272-8822 or pappas.anthony@ gmail.com

More information may also be obtained by visiting our www.thesolarinitiativebi.com