Get Unitil Corporation Schedule Z - Additional Information Required For Net Metering Service 2015-2024

Massachusetts Solar Rebates and Tax Credits The Residential Renewable Energy Income Tax Credit provides Massachusetts homeowners with a state tax credit worth up to 15% of the cost of their solar system. The state tax credit maxes out at $1,000.

Massachusetts' net metering policy allows property owners to send electricity generated by their solar panel system onto the grid and receive credit on future electric bills for excess energy produced by the system. Net metering is critical in places with significant seasonal weather differences.

National Grid's cap is 359.19 MW for private customers and 410.54 MW for public entities.

Virtual Net Energy Metering (VNM or VNEM) is a tariff arrangement that enables a multi-meter property owner to allocate the property's solar system's energy credits to tenants. The generated electricity does not flow directly to any tenant meter, but feeds directly back onto the grid.

Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on their roof, it may generate more electricity than the home uses during daylight hours.

Net billing allows co-ops a more equitable balance of power generation cost and electric distribution expense. Under net metering, your co-op pays more for distributed generation that its actual worth to the cooperative.

The net metering facilities of public entities cannot exceed 10.0 MW (AC) of nameplate capacity. A net metering facility is defined as the generating capacity located on a single parcel of land, at a single interconnection point, with a single meter.

What is a Schedule Z? Schedule Z is the form required for allocating net metering credits from host accounts to satellite accounts in Massachusetts. What is a host account or host customer? “Host account” means National Grid's customer that has the electric account for the meter associated with the DG system.