Massachusetts Solar Power Incentives
Personal Tax Credit
15 percent state tax credit is available for a household solar system, although this is capped at $1,000.
Property and Sales Tax Exemption
Property and sales tax exemption basically boils down to not paying any tax on power consumption for 20 years. The assessed value of your solar panels may very well have depreciated to almost nothing after that 20 year period which in essence means that your panels will never prove to increase property taxes. Further, there are no sales taxes on the system either.
The Commonwealth Solar II Rebate Program
The Commonwealth Solar Rebate Program is somewhat complicated and the amount of solar rebate on offer will depend upon:
- Value of your home
- Annual income
- Whether the solar panels were manufactured in Massachusetts or elsewhere
It should be noted that although the size of a household’s solar power system is not limited, the state will only pay up to a 5 kW system, which is the average system size. Moreover, the maximum rebate is capped at $2,000.
State Grant Program
None available at this time.
The Green Communities Grant Program is no longer accepting applications.
The deadline to receive official designation as a Green Community was October 30, 2012.