Massachusetts is a great location for solar systems, with 197 sunny days on average per year. providing a moderate amount of sunlight for solar energy initiatives. While it may not be among the sunniest states, Massachusetts’ weather conditions still present opportunities for viable solar power projects. The state actively supports renewable energy through various incentives and programs aimed at encouraging solar adoption.Here are some of the solar incentives available to homeowners and businesses in Massachusetts:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 26% of the total purchase price of their solar system. This credit applies to all solar projects that begin construction in 2023 and will last through 2033, at which point it will drop to 22%.
Renewable Energy Property Tax Exemption:
For any new solar PV system installed in Massachusetts, the assessed value of the system is exempt from your property taxes. That means that, even though your solar installation adds value to your property, the added value can’t be counted when property is being assessed for taxes.
Net Metering:
Solar energy systems in Massachusetts are eligible to participate in net metering, which allows you to send your extra electricity back into the grid and get credits on your electric bill. When your panels aren’t producing all the electricity you need, you can use your credits instead of having to pay for electricity from your utility.
Further information and programs can be found at the Programs.Dsireusa.org
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