depreciation

Need help managing your Massachusetts Net Metering Credits? You’re not alone.

Net Metering Credits Question Mark ImageUnclear on the Schedule Z, or even what it is? Managing a lot of electric accounts? and a high volume of net metering credits? Have you experienced challenges with the utilities in the past? Are net metering credits something that you don’t have expertise in or don’t have the bandwidth to do, or both?

Commercial and utility-scale wind and solar project owners in Massachusetts have received a diverse set of incentives over the years. These include: rebates; grants; tax credits; accelerated depreciation; renewable energy certificates; and net metering credits. Managing the last set of incentives – net metering credits – is very often the most cumbersome with the unique combination of arcane utility regulations and the constant administrative attention required.

Ensuring everything is done properly by your Massachusetts utility, WMECO, National Grid or NSTAR, is absolutely critical considering the significant value of these credits. Whether you are the solar or wind owner allocating the credits or the recipient of the credits, such as a municipality, it’s important to know that you’re getting your full value and you’re optimizing the value of this important incentive. Absent dedicated professional management of your net metering credits and net metering credit accounts, you could very easily be losing tens of thousands of dollars through your own mistakes or those of the utility. At Suntility we’ve discovered and corrected hundreds of thousands of dollars worth of utility and user net metering credit errors.

To get started in successfully navigating this key Massachusetts renewable energy program, contact Suntility today to learn about the advantages we can provide you and your project.

Suntility is your trusted partner in success. Suntility provides renewable energy maintenance services, utility credit services, owner’s agent services and consulting solutions to optimize facility reliability, performance and value.

To learn more contact us at 508-566-6322

Additional articles you may be interested in, include:

Solar Monitoring – Peace of Mind & Better Results For Your Solar Installation

What is an SREC or REC?

The Value of Solar Operations & Maintenance (O&M)

 

 

How Do You Know That You’re Getting The Proper Energy Value From Your Wind Or Solar Installation?

NSTAR No Payment Necessary Electric Utility Bill PhotoRebates, tax credits and depreciation aside long-term renewable energy facility owners know that the electricity savings, often in the form of net metering credits, and renewable energy certificates are key drivers of project returns. Therefore ensuring your wind or solar facility is: 1) properly producing; and 2) accurately accounting for the net metering credits and renewable energy certificates is critical for the success of your investment. At Suntility we’re dedicated to helping you achieve both goals: peak performance and helping you optimize the energy value of your system. With our market insights and experience on hundreds of renewable energy installations, solar and wind, Suntility is a trusted partner to provide operations support, system administration, facility maintenance, performance reporting, production verification as well as brokerage assistance for renewable energy certificates and solar renewable energy certificates. Managing renewable energy systems across the state from Southeastern Massachusetts to the Boston area and beyond, Suntility has got you covered for your renewable energy system needs.

Suntility is your trusted partner in success. Suntility provides renewable energy maintenance services, utility credit services, owner’s agent services and consulting solutions to optimize facility reliability, performance and value.

To learn more contact us at 508-566-6322