Recently, we have been asked how going solar in Massachusetts will affect the contract you have with your utility. The answer? It won’t. Massachusetts’ utilities run in a deregulated market.
To understand the significance of going solar in Massachusetts, let’s first understand the difference between the regulated and deregulated markets. In a regulated market, the utility owns the infrastructure (generation equipment, electric towers, distribution lines, etc.) and only the utility is allowed to buy and sell electricity. In a deregulated market, the utility still owns the infrastructure but anyone is able to buy and sell electricity. As the customer, you are allowed to shop around for other electric suppliers that offer the best price. In other words, the contract you sign only dictates how much you pay for electricity, not how much electricity you must purchase from the supplier.
As an Independent Power Producer (IPP), Clean Footprint can sell you solar electricity with a Power Purchase Agreement (PPA) at a lower rate than your current utility contract. This will reduce the amount of electricity you purchase from your current supplier thus saving you money each month. To understand more about how PPAs work, click <a href="http://clean-footprint.com/power-purchase-agreements-vs-net-metering-credit-purchase-agreements-massachusetts/">here</a>.
Most customers are on a default rate where the price is determined in 6-month increments. The prices are subject to any spikes in the electricity markets and are dependent on volatile natural gas prices. For this reason, considering another power generation source, like solar with Clean Footprint, is a good idea. Going solar in Massachusetts provides a hedge against changing electricity prices. Through the use of a PPA, Clean Footprint can provide you with electricity at a stabilized price for 20 to 25 years. This does not affect the price you are currently paying the utility and will not affect your contract. Instead, you are simply using less electricity from the utility.
Solar power can offer you a lower price on electricity and will not affect your utility contract, so the question is: why not consider going solar in Massachusetts?
To see if your state is a regulated or deregulated market, click <a href="http://www.alliedpowerservices.com/deregulated-states.shtml" target="_blank">here</a>.
Eliza is the Chief Learning Officer for Clean Footprint. As the Chief Learning Officer, she is responsible for writing and editing blogs, e-books, videos and white papers as well as other learning content created for Clean Footprint’s developer partners and clients. Eliza attended New York University in Paris, France and studied Global Liberal Studies before moving to Florida and joining the Clean Footprint team. She also studied Business and Entrepreneurship at the University of Central Florida.