The Boston Globe: "$68m in solar rebates goes fast"

Edith Shi | Dec 02, 2009

The Boston Globe: "$68m in solar rebates goes fast" December 1, 2009. North Andover installer Nexamp received roughly a $250,000 rebate to install 550 solar panels on the roof of NewStream LLC's industrial recycling building in Attleboro several weeks ago.  Nexamp owns the panels and is selling NewStream the power they will generate.  The 110-kilowatt system is expected to provide the recycling company with a third of the power for its wastewater cleansing process.

Nexamp vice president, Jon Abe, said he expects to recoup the project costs in five or six years.  The estimates on payback periods vary, from a handful of years to more than a decade.  Massachusetts has high electric rates, which helps accelerate the payback time for an alternative source of power. Link to Article




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