Electric Rates

The state of Massachusetts is home to a vibrant and growing clean energy switch ma industry. The state’s progressive policies, the unique concentration of universities, research, development, innovation, and start up excellence have created an environment that has enabled the most reputable clean energy companies to flourish.

However, the energy landscape in the region is also undergoing change. Because of deregulation, the electricity market is now largely competitive and gives customers a variety of options to choose from when it comes to their electric rates and plans.

There are many energy plans for business and homeowners can pick from. Each plan comes with different terms and prices. The right plan for you depends on your energy consumption habits and financial budget.

Fixed Rate Energy Plans:

One of the most popular plans for energy is one that has fixed rate. Unlike other energy plans, this type of plan lets you lock in the price of electricity for a set period of time (usually 12 to 36 months).

You can often get a lower fixed rate energy plan by choosing a service that offers a no-deposit option. For those with poor credit scores, some companies will waive the requirement for deposit.

If you’re planning to stay in the region for a long period of time, a no deposit plan might be the best choice for you. This is particularly applicable to those with low credit scores that want to cut down on their electric bills while they are located in Massachusetts.

The State of Massachusetts has a variety of incentives for consumers to make energy-efficient improvements and purchases. These include grants, tax credits, rebates, and bonds.

The state also offers MassEnergyInsight free tools that aid communities in understanding their natural gas, oil and electricity consumption , and make steps to reduce it. These tools offer benchmarking data that help local officials determine areas that could be improved.

As the country’s biggest producer of renewable electricity, the state is committed to supporting clean energy development and fostering an entrepreneurial ecosystem. The Massachusetts Clean Energy Center (MassCEC) currently invests around $20 million annually in a variety of green energy initiatives.

This includes the funding of technology development and early-stage companies and pilots for decarbonization of buildings, transportation, and investments to educate a diverse workforce for green energy.

The Commonwealth has created an aid program for farmers in switching to energy-efficient equipment. This will reduce their vulnerability to climate change and improve their resilience to the economics of agriculture.

To assist in achieving this objective, the Agricultural Energy Grant Program (ENER) offers grants to Massachusetts farmers to invest in renewable energy systems and efficiency measures, which include traditional grants for projects and special projects that are more expensive but greater long-term advantages.

Additionally the state’s Solarize Massachusetts initiative encourages residents to purchase power and install small-scale solar panels by offering discounted installations to qualifying homes.

The state is also a part of the Transportation and Climate Initiative, which is a group that is involved in outreach, modeling and program development for a cap-and-invest program to address transportation emissions. It plans to announce its plan’s design in the fall of 2020.