How the 2024 Election Results Could Impact Clean Energy and Solar in Massachusetts

Nov 7

Overview

The recent election has introduced a new administration that could reshape federal clean energy policies. For Massachusetts, which has been a leader in renewable energy adoption, potential shifts in federal policy may affect available incentives, support for energy storage, and overall momentum toward state climate goals. In this article, we’ll explore possible impacts of the next administration on solar energy, energy storage, and related incentives in Massachusetts, focusing on what homeowners and businesses can expect.

Changes to Federal Clean Energy Incentives

Federal incentives have played a major role in making solar and energy storage more affordable for Massachusetts residents. The federal solar investment tax credit (ITC), for instance, has provided up to a 30% credit for residential and commercial solar installations, significantly reducing the upfront cost of going solar. With the new administration, there could be changes in the ITC and other tax incentives that have promoted renewable energy adoption.

Potential Shifts in Federal Incentives

Investment Tax Credit (ITC): The ITC could be adjusted, potentially impacting the financial return of solar investments. Homeowners and businesses considering solar should stay informed, as changes to the ITC may either increase or reduce the credit available, affecting the overall affordability of solar installations.
Other Federal Programs: Programs like Energy Star, which support energy-efficient products, and Department of Energy grants for clean energy research could see altered funding or focus under the new administration.

Federal incentives have been instrumental in Massachusetts’ clean energy adoption, and adjustments to these incentives could shift costs and benefits for residents considering solar or energy storage systems.

State-Driven Clean Energy Initiatives in Massachusetts

Regardless of federal policy shifts, Massachusetts has its own climate policies in place, such as the 2050 net-zero targetand aggressive emissions reduction goals. State-led programs like Mass Save and Connected Solutions play a crucial role in advancing clean energy within the state, and continued state support can help maintain momentum, even if federal priorities change.

Mass Save and Connected Solutions

Mass Save: This program provides financial incentives for energy efficiency upgrades, helping homeowners and businesses reduce their energy use. The program is co-funded by utility companies and offers rebates on everything from insulation to HVAC upgrades. Federal funding support can strengthen Mass Save, so shifts at the federal level may influence the breadth of incentives offered.
Connected Solutions Program: This demand-response program rewards residents for using stored battery power during peak energy hours, reducing strain on the grid. It’s possible that federal support for energy storage programs could either enhance or limit this program, depending on the new administration’s approach to grid resilience and storage solutions.

With state support, Massachusetts could continue leading clean energy initiatives, but federal funding would enhance the scope and sustainability of these programs.

Investment in Clean Energy Infrastructure and Job Creation

Infrastructure investment is a key focus for both state and federal administrations. The new administration’s approach to clean energy infrastructure could have significant implications for Massachusetts, which already has strong clean energy goals and an established renewable energy sector.

Federal Infrastructure Funding and Massachusetts' Clean Energy Growth

Grid Modernization: Federal funding for grid modernization would allow for greater resilience and capacity to handle intermittent renewable energy sources. Upgrades to the grid also support broader clean energy adoption by allowing more homes and businesses to generate their own power.
Job Creation in Clean Energy: Massachusetts has developed a robust clean energy job market, with thousands employed in the solar, wind, and energy efficiency sectors. A federal focus on infrastructure could lead to new job opportunities in solar and battery installation, grid improvements, and energy storage, helping fuel Massachusetts' economy and reducing reliance on fossil fuels.

Investing in infrastructure and clean energy jobs could create opportunities to expand solar and battery installations in Massachusetts, benefiting both consumers and the broader economy.

Impacts on Climate Goals and Carbon Reduction Commitments

Massachusetts is committed to reducing greenhouse gas emissions through its Global Warming Solutions Act and net-zero target by 2050. Federal alignment with these goals would support Massachusetts’ efforts to lead in climate action, while a divergence could present challenges for meeting state emissions targets.

How Federal Policy Could Affect Massachusetts’ Climate Progress

Alignment with State Climate Goals: If the federal administration prioritizes climate goals, Massachusetts could see accelerated support for renewable energy projects, creating opportunities to meet ambitious targets on schedule.
Increased Funding for State-Level Programs: Additional federal funding could support local renewable projects and carbon reduction initiatives, making it easier for Massachusetts to achieve its 2050 net-zero target without imposing extra costs on residents and businesses.

With federal alignment, Massachusetts could meet its emissions goals more easily. However, a reduced federal emphasis on climate action may mean Massachusetts would need to make independent investments to stay on track.

Frequently Asked Questions (FAQ)

Q1: Will federal incentives for solar installations change under the new administration?
A1: While no official changes have been announced, federal incentives like the ITC could see adjustments that affect the overall cost of going solar. It’s important to stay updated on any changes, as they could impact both the savings and return on investment for solar installations in Massachusetts.

Q2: How could Massachusetts’ clean energy programs be impacted?
A2: State programs like Mass Save and Connected Solutions may be influenced by federal support, which could either expand or limit their resources. Regardless, Massachusetts is committed to its clean energy goals, and these programs are expected to continue promoting energy efficiency and storage.

Q3: Will clean energy job opportunities grow in Massachusetts under the new administration?
A3: Investment in infrastructure and grid modernization would likely create more clean energy jobs. Massachusetts has already seen substantial growth in clean energy employment, and further federal support could expand job opportunities in solar installation, battery storage, and energy efficiency services.

Q4: What are the next steps for Massachusetts homeowners interested in solar or battery storage?
A4: It’s a good time to explore options with a company that understands both federal and state incentive programs. At Spectrum Energy, we help clients maximize available incentives and select solar + storage systems that align with changing policies.

Final Thoughts: How Spectrum Energy Supports Clients Through Policy Changes

While the new administration’s policies are still taking shape, Massachusetts homeowners and businesses interested in clean energy can rely on Spectrum Energy for guidance. Our team is committed to keeping clients informed of any policy changes that may affect their renewable energy investments and helping them make the best decisions for long-term energy savings.

With our expertise in solar PV systems and battery storage, Spectrum Energy empowers clients with reliable energy solutions that enhance savings, provide resilience, and support Massachusetts’ clean energy goals.

Contact Spectrum Energy today to learn more about available solar and battery storage options for your home or business and how to make the most of current incentives and programs.