Massachusetts Solar Incentives
Massachusetts ranks top 10 in the National Solar Rankings for best places in the US to go solar. One of the biggest reasons The Bay State ranks so highly is because of the many financial incentives available to homeowners looking to convert to clean renewable solar energy.
In this article we will explain the top solar incentives available to most homes and businesses in Massachusetts. You can also enter your zip code below to see exactly which solar incentives your home qualifies for!
Enter your zip code to see which solar incentives your home qualifies for!
Do I Qualify?
Please enter a zip code
What are Massachusetts Solar Incentives?
So what is a solar incentive? In simplistic terms, it’s a motivational tool meant to encourage people to invest in solar energy. In today’s market, solar power installation is a increasingly popular investment for home and business owners. The incentives are designed to make this kind of power more affordable than ever before. Here, we’ll be going over the main incentives that are available to the people of The Bay State!
The Federal Solar Tax Credit
Also known as the Clean Energy Tax Credit, this incentive is available to every Massachusetts taxpayer on a national level, here MA homeowners can claim up to 30% on a solar installation during tax season. This is a dollar for dollar reduction in your overall tax burden by investing in solar energy this year. This tax credit is scheduled to be phased out and expire in 2035, unless it gets renewed by congress.
The Residential Renewable Energy Tax Credit
This tax credit is specific to Massachusetts residents. This credits gives homeowners a 15% credit on their taxes, up to $1,000 for a renewable energy system. To complete this you will utilize the Schedule EC (Solar and Wind Energy Credit) with your annual tax returns to receive the benefit. Massachusetts's is one of the only states to offer this tax credit for its residents.
The Solar Property Tax Exemption
This is a common favorite of all the solar incentives. This property tax exemption allows property owners to exclude the added value of a solar installation, which will reduce the overall tax payment. So you can enjoy the benefits of a more valuable (and energy efficient) home with out the additional taxes. The Massachusetts property tax exemption lasts for a 20 year period after you install solar panels in Massachusetts.
The Solar Sales Tax Exemption
To further incentivize Mass home and business owners to invest in solar, solar energy equipment is exempted from a sales tax in Massachusetts. Current sales tax is 6.25% in Massachusetts and there have been talks about an increase in the new year. This is a big deduction from the cost of solar in Massachusetts. As a quick example, you could save over $1,000 on a $16,000 complete home solar system and home solar battery.
The SMART Solar Massachusetts Renewable Target Program
This robust MA state program will compensate homeowners per kilowatt-hour of solar energy that’s produced by a system. If you qualify, you could be paid a flat rate for the excess energy your solar panels produce! Extra money for the times you are not utilizing the full potential of your residential solar system.
The Net Metering Program
Net Energy Metering program, sometimes referred to as NEM, will compensate homeowners for any extra electricity that flows back into a grid. If your system is able to generate more electricity than what the household uses, then that energy can be consumed elsewhere on the grid. This program saves you money through the electricity bill.
Enter your zip code to see if you qualify for state solar incentives!
Do I Qualify?
Please enter a zip code
Going Solar in Massachusetts
Massachusetts is a prime location for harnessing solar energy due to its sunny climate and abundant sunlight. By transitioning to solar power, homeowners and businesses can experience the advantages of lower electricity bills while also making a positive impact on the environment. There are numerous incentives, programs, and financing options available to support and facilitate the adoption of solar energy in Massachusetts, making it a more accessible and affordable option for all.
Take the first step towards solar today and explore all your solar options with a Solar Savings Quote from EcoGen America, Massachusetts' leading solar company.
Want to see how much you could save with solar?
Our team will guide you through the best options for your home.
No obligation.
Yes, With over 200+ sunny days per year and nation leading solar incentives. Local MA homeowners say yes, it is worth going solar in Massachusetts! See the pros & cons of solar in The Bay State!
Yes! Massachusetts is one of the few states to offer its own solar tax credit of 15% for residents who install a solar or renewable energy system. This credit can be used for up to 3 years after installation. See the complete list of Massachusetts Solar Incentives here.
Yes, solar panels are exempt from sales tax and increases in property tax when installing a residential solar panel system in Massachusetts. See the complete list of solar tax exemptions in Massachusetts here.
