Yes it can. Not a bill swap. No monthly payment.
Let the incentives pay for the system. If you qualify for the MassSolarLoan 30% Loan Principle Reduction (see table below), you effectively will receive 100% of the solar install paid for by incentives.
Lets look at an example-
Find your income level (Look at your 1040/ line 22) and find the line with the number in your house hold.
A family of 4 with an income (taken from line 22 on the 1040) is less than $91,052, can receive upto $10,500 (30%) off the project total. If it’s less than $136,578, there is upto $3500 (10%) off the project.
You will need to manage the money, and keeping the money from the utility and in your pocket is a great end state.
If your family qualifies for the 30% you can essentially have solar for free.
Here is how- 30% FED tax credit, 30% MSL credit, Mass income tax credit ($1100) about 3% and production SMART credit about 37%.
This totals out to 100%.
NVEnergyLLC uses the top tier equipment with 25 year warranties.