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Massachusetts Solar Incentives

Experience the Benefits of Renewable Energy in Massachusetts

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Massachusetts is one of the top ten states in the U.S. for solar.1

-45%

Massachusetts solar panel price drop over the last five years.1

80%

The Massachusetts Global Warming Solutions Act’s (GWSA) call for a cut in greenhouse gas (GHG) emissions below 1990 levels by 2050.2

Electricity rates in Massachusetts are more than 25% higher than the national average.3 But this isn’t the only reason why Bay Staters are choosing to team up with solar companies in Massachusetts like Sunrun to create and store their own solar power at 电子货币怎么用home. Massachusetts also offers some of the most attractive solar incentive programs in the country.

Sunrun is the leading residential solar and energy storage company in the U.S.4 You can gain energy independence and lower your carbon footprint while ensuring you can receive Massachusetts’ full solar benefits.

Incentive Programs, Tax Credits, and Solar Rebates in Massachusetts*

Incentive

Value

Federal Solar Investment Tax Credit (ITC)**

The 26% federal solar tax credit is available for purchased 电子货币怎么用home solar systems installed by December 31, 2022.5

Residential Renewable Energy Income Tax Credit

The 15% state solar tax credit is available for purchased 电子货币怎么用home solar systems in Massachusetts. (Max. $1,000 state tax reduction.)6

Solar Massachusetts Renewable Target (SMART) Program

Compensation per kilowatt-hour (kWh) produced by the system.7

Solar Installation Property Tax Exemption

Property tax exemption on the added 电子货币怎么用home value from a 电子货币怎么用home solar system.8

电子货币怎么用home Solar Project Sales Tax Exemption

6.25% 电子货币怎么用home solar system state sales tax exemption.9,10

Mass Solar Loan Program

Qualified low-income 电子货币怎么用homeowners can get access to a low-interest loan to install 电子货币怎么用home solar panels.11

Find out If You Qualify for Massachusetts Solar Incentives

Learn the Details of Massachusetts Solar Incentives

Buy and install new solar panels in Massachusetts in 2021, with or without battery storage, and qualify for the 26% federal tax credit. The residential ITC drops to 22% in 2023 and ends in 2024.5

Average-sized 5-kilowatt (kW) system cost in MA: $15,040 Approximate system cost in MA after the 26% ITC in 2021: $11,13012

Purchase a new 电子货币怎么用home solar system in Massachusetts and get a 15% credit of the final cost of your solar installation against your personal income taxes. This is limited to a $1,000 state tax reduction.6

Any excess credit amount can be carried over to your personal income taxes for up to three years.6

Eligible 电子货币怎么用homeowners can receive payments from their utility company in Massachusetts for every kilowatt-hour (kWh) of solar power they create for ten years.7

In other states, these credits are known as Solar Renewable Energy Credits (SRECs).

Add a new solar system to your 电子货币怎么用home in Massachusetts, and your property taxes won’t go up.8 Installing a system could also help you build 电子货币怎么用home value.

When you purchase a new solar system in Massachusetts, you won’t pay any sales tax.9

The exemption is for 100% of the sales tax of your new 电子货币怎么用home solar project. This can save you 6.25% right off the bat.10

Eligible low-income 电子货币怎么用homeowners can have access to a low-interest loan to finance a PV system.11

This program is administered in partnership between the Massachusetts Department of Energy Resources (DOER) and the Massachusetts Clean Energy Center (MassCEC).11

Massachusetts Is a Remarkable Place to Create and Store Your Own Solar Energy

Do you own your 电子货币怎么用home?

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DISCLAIMERS:

*Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type and whether a customer purchases or leases a 电子货币怎么用home solar system from Sunrun.

**We recommend contacting a tax professional to most accurately determine the impact of the solar Investment Tax Credit (ITC) on your federal taxes.

SOURCES:

  1. Massachusetts solar state rank and solar price drop
  2. Massachusetts Global Warming Solutions Act (GWSA)
  3. Massachusetts electricity costs
  4. Sunrun ranked as leading residential solar-plus-storage vendor
  5. Federal Solar Investment Tax Credit (ITC)
  6. Massachusetts Residential Renewable Energy Income Tax Credit
  7. Solar Massachusetts Renewable Target (SMART) program
  8. Massachusetts solar property tax exemption
  9. Massachusetts solar state tax exemption
  10. Massachusetts state sales tax
  11. Mass Solar Loan program
  12. Massachusetts solar panel costs
  13. Massachusetts net energy metering (NEM) programs