Attleboro has a population of more than 43,000 and is part of the Providence metropolitan area. The region was first settled by the English in 1634, and Attleborough was officially incorporated as a town in 1634. Its name was shortened to Attleboro after reincorporation as a city in 1914.
Attleboro had a thriving jewelry industry in the early 20th century, and as a result the city was nicknamed “The Jewelry Capital of the World”. Many of the jewelry companies founded in Attleboro are still in operation and are now more than a century old; for example, the Guyot Brothers Company was founded in 1904. Attleboro is also rich in historic architecture, and the municipal government received a $5.4-million grant in 2011 to help restore and preserve this legacy.
The local government has also used federal government incentives to promote energy sustainability. Some of the recent energy objectives include:
Electricity from National Grid is expensive with rates that reach up to 20 cents per kilowatt-hour (kWh) during peak demand hours. Annual price increases are also significant; National Grid customers saw their power bills increase by more than 10% between 2016 and 2017, and another price hike is proposed for 2018. However, you can forget about high power bills if you generate your own energy with solar panels.
In addition to providing power bill savings, a solar panel system lets you accumulate Solar Renewable Energy Credits (SRECs) at a rate of one credit for every 1,000 kWh of solar electricity generated. As of mid-2017, one SREC sells for about $270. This is in addition to your expected energy bill savings of $200 per 1,000 kWh, which means that the total economic benefit is $470 for every 1,000 kWh of solar your system produces!
If the lucrative SREC market is not enough of an incentive, there are also many tax benefits for solar panel systems in Attleboro:
Installing solar panels is an attractive investment in Attleboro because of energy bill savings, SREC sales, and tax incentives. However, paying for a solar panel system upfront can be challenging. If you have access to a low-interest loan, such as a home equity line of credit (HELOC), financing a solar panel system can be a great option. With a solar loan, home and business owners can install solar with $0 down, and can use energy bill savings, SREC sales, and tax credits to cover the monthly loan payments. You can save money with solar in the first month of operation without having to put any money down.