What Is a Tax Credit?
The contents of this blog are for informational purposes only. My Generation Energy is neither a tax nor financial advisor. When the Inflation Reduction Act was passed in 2022, it included many incentives aimed at making clean energy more accessible and affordable. With $370 billion set aside specifically for tax credits and other initiatives aimed…Read More
Does Solar Really Increase Energy Costs for Others?
If you’ve ever read about renewable energy on your local online message board, you’ve probably heard the claim that solar increases electricity costs for everyone else. The utilities’ trade association even ran a controversial television advertisement in which an actor stated, “I shouldn’t have to pay for my neighbor’s solar.” So – does solar increase…Read More
Solar Loans: Everything You Need to Know
Solar loans can make residential solar installation more financially accessible, especially in unpredictable economic times. Owning your system outright will reap you the greatest return on investment, but if the up-front cash outlay is burdensome, loans help provide affordable solar options. Why use a solar loan instead of leasing your solar array? Solar loans allow…Read More
Commercial Solar Leasing: Earn Cash from Extra Space
If you have a large commercial or industrial building and want to make some extra cash without any capital investment required, commercial solar leasing might interest you. Commercial solar leases are agreements that allow business owners to lease their roofs (or other unused property) for solar installations. Thus, extra space can deliver an additional revenue…Read More
Buying or Leasing Solar Panels: What’s Best For You?
“Free” solar panels may sound very enticing, but are they really a better deal than owning your own system? What’s best: buying or leasing solar? “Over the long term the benefits of owning your system are hard to beat.” -Consumer Reports The financial benefits of purchasing your own solar array are clear. This is especially…Read More
Solar vs the Stock Market: What’s the Best Investment?
Over the past months, the stock market has been particularly volatile, swinging between massive losses and sweeping gains. Home solar installation might give you less vertigo – but how does investment in solar compare to stock market returns? This study from 2015 found that in the Northeast, “paying cash upfront for a solar PV…Read More
Solar Rebate News!
As we enter the 4th quarter of 2014, the Commonwealth Solar rebate is coming to an end. This rebate helped solar become a success across Massachusetts. If you are still on the fence about going solar, now is the time to get your system installed. Please contact us with any questions and be sure to…Read More
Power Up Provincetown – solar education and action program
“Power Up Provincetown,” a solar energy education and action program, announced a new incentive program specifically for residents of Provincetown during a presentation at the WOMR radio station on May 22nd. This was the first of an informative series of presentations sponsored by My Generation Energy, a local solar installation company. Provincetown’s unique location highlights…Read More
SREC’s Explained by Andi Hibbert of Balanced for Fitness
Andi Hibbert discusses her home solar installation in Orleans and one of the financial benefits: thousands of dollars worth of Solar Renewable Energy Certificates (SRECs). This clean, local, solar power reduces the amount of power needed from the grid. Videography by My Generation Energy’s Mike Thonus and Andrew Herwig.Read More