Nantucket Electric and solar
Nantucket Electric is an investor-owned utility serving about 12,966 homes in Massachusetts. Here's what its rates and export rules mean for solar: for a typical customer, solar is worth it.
- Average price (2026 est.)
- 36.0¢18% above Massachusetts average
- Typical bill
- $308855 kWh a month
- Exports credited
- RetailFull retail net metering
- Typical payback
- 6.6 yrs8.7 kW, cash
Export rules for Nantucket Electric customers
Full retail net metering (Massachusetts rule).
Massachusetts investor-owned utilities credit residential solar exports at close to the full retail rate (net metering credits), and credits roll over indefinitely. On top of that, the SMART 3.0 program pays a fixed per-kWh incentive for 20 years.
Solar for a typical Nantucket Electric home
| System | 8.7 kW (110% of 855 kWh/month) |
|---|---|
| Cost | $28,295, $27,295 after incentives |
| First-year savings | $3,587 |
| Payback | 6.6 years |
| 25-year net | $115,649 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 312
- Share of customers
- 2.4%
- Residential solar capacity
- 3 MW
- Residential customers
- 12,966
EIA-861, 2025. In competitive markets, some solar is reported by retail electricity providers instead.
Questions about Nantucket Electric and solar
Does Nantucket Electric have net metering?
Nantucket Electric follows Massachusetts's rules: Massachusetts investor-owned utilities credit residential solar exports at close to the full retail rate (net metering credits), and credits roll over indefinitely. On top of that, the SMART 3.0 program pays a fixed per-kWh incentive for 20 years.
How much does electricity cost with Nantucket Electric?
Residential customers paid an average of 36.0¢ per kWh in 2025 (EIA), about 36.0¢ adjusted to 2026. The typical home uses 855 kWh a month, a bill of about $308.
Is solar worth it with Nantucket Electric?
For a typical customer, solar is worth it: a 8.7 kW system costing about $27,295 pays back in about 6.6 years, with $115,649 net over 25 years.
How many Nantucket Electric customers have solar?
About 312 homes had net-metered solar at the end of 2025, roughly 2.4% of residential customers (EIA-861).
Legal name: Nantucket Electric Co (EIA ID 13206). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.