Is it possible to buy solar power for less than conventional electricity rates?

House with Solar PanelsAbsolutely. Especially now that Lexington has been selected for the Solarize Massachusetts program that provides fantastic group purchase prices for solar energy systems.

A typical 5,000 watt system installed in Lexington will save $25,000 in electricity costs over 20 years. That same system will cost about $10,000 at Solarize group purchase prices after Massachusetts and federal incentives. The solar array will also generate about $9,000 in SREC income over the first 10 years resulting in a total cost of only $1,000!

That works out to a fixed cost of about 5 cents per kWh for an upfront purchase. Zero down financing agreements are also available for about 10 to 12 cents per kWh with no capital investment or maintenance costs.

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1. Is it possible to buy solar power for less than conventional electricity rates?
2. Do we have enough sunshine to make solar power practical in Massachusetts? Can solar power really make a difference?
3. I’m planning to install solar power at home and I was wondering if I could use the solar power system to run my home during a power outage.
4. A bylaw change was passed allowing Lexington to sign 20-year agreements for the purchase of solar power. What are the benefits of purchasing solar power this way and what are our next steps?