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Incentives for Massachusetts

For Businesses

    • Federal Investment Tax Credit (FITC)

      Businesses can recover 30% of the cost of their solar system through this tax credit.

    • Modified Accelerated Cost-Recovery System (MACRS)

      Businesses can recover solar investments through 5 year tax depreciation deductions. Solar systems built before January 1, 2018 can qualify for 50% bonus depreciation.

    • Renewable Energy Property Tax Exemption

      Value added to a property by a solar power system, for the purpose of heat or electricity needs, is 100% property tax exempt for 20 years.

    • Renewable Energy Equipment Sales Tax Exemption

      All equipment involved in your solar system is exempt from sales tax.

    • Solar Renewable Energy Certificates (SRECs)

      Massachusetts Class I utilities are required to produce 15% of their electricity through renewable sources by the end of 2016, and that rate is due to increase 1% every year. To meet these standards, they buy SRECs or certificates for 1 MWh of renewable energy production, from solar energy producers. SRECs can currently be sold in the range of $250.

    • Net Metering

      Solar business owners will be paid at a rate slightly less than utility retail electricity for excess energy produced and put back on the grid. Caps are allocated for large systems. More info can be found here. 

For Homeowners

    • Federal Investment Tax Credit (FITC)

      Homeowners can recover 30% of the cost of their solar system through this tax credit.

    • Residential Renewable Energy Income Tax Credit

      Solar homeowners can get 15%, capped at $1000, off the price of a solar system and installation through a tax credit.

    • Renewable Energy Property Tax Exemption

      Value added to a property by a solar power system, for the purpose of heat or electricity needs, is 100% property tax exempt for 20 years.

    • Renewable Energy Equipment Sales Tax Exemption

      All equipment involved in your solar system is exempt from sales tax.

    • Solar Renewable Energy Certificates (SRECs)

      Massachusetts Class I utilities are required to produce 15% of their electricity through renewable sources by the end of 2016, and that rate is due to increase 1% every year. To meet these standards, they buy SRECs or certificates for 1 MWh of renewable energy production, from from solar energy producers. SRECs can currently be sold in the range of $250 but the price drops every year as more are available.

    • Net Metering

      Solar business owners will be paid at a rate slightly less than utility retail electricity for excess energy produced and put back on the grid. Caps are allocated for large systems. More info can be found here. 

    • Mass Solar Loan Program

      Offers subsidies for low-income families considering solar, and interest offsets on loans used to finance your solar system. For more details visit the MassCEC website.

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