NV Energy is investing in solar to create a more sustainable future for the Commonwealth. We are committed to helping our customers save money and reduce their environmental impact. Our solar photovoltaic (PV) system, located at Nantucket Memorial Airport, is now operational. The 2.6-megawatt (MW) ground-mounted system is the largest solar PV installation on Cape Cod and the Islands, and will generate enough electricity to power about 400 homes.
The system was built with American-made solar panels and will offset more than 3,700 metric tons of carbon dioxide annually – equivalent to taking 778 cars off the road each year. In addition to our Nantucket installation, NV Energy Massachusetts has contracted to purchase 21 MW of solar PV generated power from three ground-mounted systems located in Dartmouth, Freetown and Taunton. When these projects are completed later this year, they will bring our total investment in solar to nearly 25 MW.
We are also working with customers who want to install solar PV systems on their property. Under our Solar Partners Program, we will provide $1,000 for each kilowatt (kW) of solar PV installed, up to $20,000 per customer. This incentive is in addition to the federal Investment Tax Credit, which provides a 30 percent tax credit for solar PV systems.