Onset Shared Solar Project

Onset Shared Solar Project BlueHub Capital



  • State Massachusetts
  • Utility type Investor-owned utility (IOU)
  • Regulatory Structure Deregulated
  • Community Solar Bill Credit Value Retail Rate
  • Community Solar Enabling Legislation Yes
  • Value of State Level RECs & Subsidies Moderate = 10% to 25% of value stack
  • Eligible for Tax Benefits Yes
  • Installation type Ground
  • Year energized 2016
  • Project capacity 2,092 KW AC
  • LMI Share of Capacity 12%
  • LMI Requirement Carve-out
  • Energy Rate Average $0.22
  • LMI Customer Savings 20%
  • Minimum LMI Savings Mandated No
  • Potential # LMI Subscribers 56

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Related Best Practices

  • Investment Tax Credit

    The Investment Tax Credit (ITC) is a federal tax incentive for business or residential investment in renewable energy generation systems that can be applied to solar installations. The ITC lets individuals or businesses deduct a certain percentage of their installation costs from any tax liability they have. This credit is in addition to normal allowances for asset depreciation. It only works if the entity that makes the investment is a taxable entity and has sufficient tax liability. As of the passage of the Inflation Reduction Act in August 2022, the ITC provides a credit valued at 30% of the cost of installation. It is set to reduce in value after 2032. The basis for the 30% now includes not just the installation and equipment associated with a solar array, but can include interconnection costs, as well as battery storage costs and more. If you are developing a community solar project and are not familiar with the ITC rules and process, consult a tax attorney.

  • State Incentives

    Many states offer incentives for solar and other renewables, including rebates, grants, tax credits, RECs, or other incentives. These incentives are typically based on the projected system capacity or energy production from qualified renewable generation systems. In some markets they take the form of rebates or a lump sum value for qualified system types. There are several resources available that catalog these incentives by state and by type. These are a good place to start. Otherwise, contact your state’s Energy Office or Dept. of Economic Opportunity to learn more about what is available for your project.

    DSIRE: https://www.dsireusa.org/ 

    EnergySage: Solar rebates and incentives
    NC Clean Energy Technology Center: Database of State Incentives for Renewables & Efficiency