A Guide to Solar Panels in Taunton Municipal Lighting Plant (TMLP)
Updated Jan,15, 2024 | Reading Time: 9 minutes
If you are thinking about getting solar on a property located in the Taunton Municipal Lighting Plant territory, commonly referred to as TMLP, then you are in the right place. This article will explain all the things you should consider when getting solar panels in TMLP.
Can Solar lower my electric bill if Taunton Municipal Lighting Plant is my electric company?
Yes, getting solar when you live in TMLP can and will lower your electric bill.
Can solar panels get my electric bill to $0 in TMLP?
Yes, it is possible to fully eliminate your electric bill. however, you will need to build a solar system that makes 130% of your annual electricity demand. This is because, at the end of the month, your extra solar energy is credited at a lower rate than the full price of electricity.
TMLP Solar Tax Credits, Rebates and Incentives
TMLP Solar Rebate
The Taunton Municipal Lighting Plant solar rebate is paying customers back $1.50 per watt of solar panels installed. The rebate pays customers a maximum solar rebate of $4,500. Almost all homeowners will get the full $4,500 solar rebate.
TMLP Solar Battery Storage Rebate
If you purchase a solar battery for your home, you qualify for a $300 rebate per solar battery.
Net metering is like a trade with TMLP: when your solar panels make extra electricity, you send it to them, and they give you credit. Then, when it’s dark or in the winter when your panels aren’t making power, you can use the credits to get electricity from the company. This saves you from having to purchase batteries to store the energy.
Federal Tax Credit
The Federal Tax Credit is worth 30% of the total cost of the solar system. For example, if you needed a $20,000 solar system, you would get a $6,000 Federal Tax Credit.
Massachusetts State Tax Credit
The state tax credit is worth $1,000 per solar system.
Common Solar Questions in TMLP
How big of a solar system can you get?
For residential customers, the maximum size as of today is 60 KW DC, and for commercial customers, the maximum size is 2000 KW DC.
Do you also get SRECs in TMLP?
No, if you choose to participate in the TMLP solar rebate, you do not get SRECs. This is a good deal as the average system today gets less than $3000 in SRECs over ten years, while the TMLP solar incentive is $4,500 upfront.
How do you apply for the TMLP Solar Incentive?
To apply for the solar incentive, you must have your installer fill out a solar rebate application, a new metering application, an interconnection agreement, a 1-line diagram, and a copy of your solar contract. Then, your installer will submit these documents to TMLP on your behalf.
How do you start the solar process?
It is important to work with a licensed professional contractor who can navigate the application and installation process for you.
If you have any questions about beginning your process of getting solar, please feel free to contact us. If you want to talk to someone as soon as possible, call us at (508)717-3820. You can also get started on your free solar quote right now!
At Isaksen Solar, we take pride in helping our customers evaluate all of their solar options. We are a team of experienced professionals that can answer all of your questions. We make sure that homeowners walk away with a better understanding of solar panels.