Massachusetts Incentives
- 30% Federal Solar Investment Tax Credit (ITC)
Starting in 2022, a federal tax credit allows you to claim 30% of the total cost of your solar project. This incentive applies to anyone who purchases a solar panel system, making solar energy more affordable than ever. Traditionally used by homeowners who own their solar systems, this credit also reduces the monthly cost of leasing solar panels, enhancing affordability. - Solar Massachusetts Renewable Target (SMART) Program
The SMART Program provides payments to eligible solar projects over a 10-year span. Designed to promote solar energy development in Massachusetts, it offers financial incentives to homeowners, businesses, and public entities installing solar panels. - MA Property Tax Exemption for Solar Installation
In Massachusetts, homeowners are exempt from paying additional property taxes on the increased value of their home due to the installation of solar panels. - Home Solar System Sales Tax Exemption
Massachusetts homeowners benefit from a sales tax exemption on solar panel systems, avoiding the standard 6.25% state sales tax and incurring no extra cost for sales taxes. - Mass Solar Loan Program
This program offers low-interest loans to help Massachusetts homeowners finance the installation of solar panel systems, making it easier for more people to transition to solar energy. - Massachusetts Net Energy Metering
In Massachusetts, any excess energy your solar panels generate earns you a credit on your utility bill. This credit can be used to offset energy costs when your solar panels aren’t producing enough, eliminating the need for battery storage.