Solar Financing & Incentives 

Federal Solar Tax Credit 

You can claim a 30% federal tax credit when you install residential solar panels, bringing your costs down significantly. Unfortunately, a new law is ending the solar tax credit at the end of 2025—several years ahead of schedule. You can still claim the tax credit, but you must complete your solar installation before the end of 2025 to qualify. 

Massachusetts Solar Tax Credit 

Massachusetts is one of the few states that offers a state income tax credit for solar panel installation. The Massachusetts solar tax credit reduces your state income tax liability by 15% of your solar installation costs, up to $1,000, for the year you install your system.

Net Metering 

Net metering lets you earn utility credit for the extra electricity your solar panels produce and send to the main electric grid. You can use those credits to pay for grid-generated power when your system isn’t producing, like at night. 

Massachusetts offers some of the best net metering rates in the country, with systems under 10 kW typically earning the full retail credit. My Generation Energy will help you understand your benefits based on your utility provider.

Massachusetts Solar Sales & Property Tax Exemptions 

Sales Tax Exemption: There’s no sales tax on solar panels or battery systems in MA, saving you 6.25% on your installation costs.

Property Tax Exemption: Your system is exempt from local property tax assessments for 20 years, even if it increases your home’s value.

Solar Battery Tax Credits & Incentives 

Solar batteries are eligible for the 30% federal solar tax credit until it’s eliminated at the end of 2025. If you’re a National Grid or Eversource customer in Massachusetts, you may also qualify for payments under Mass Save’s ConnectedSolutions program. Through ConnectedSolutions, you can receive incentives for using your battery during peak demand periods—times when electricity demand is highest.

Renewable Energy Certificates (REC)

The Massachusetts Renewable Energy Certificate (REC) program promotes clean energy by requiring electricity providers to source a percentage of their power from renewable sources like solar, wind, and hydropower. Homeowners with qualifying renewable energy systems can earn one REC for every 1,000 kWh of electricity they generate. These RECs can be sold on an open market to electricity providers, who use them to demonstrate compliance with the state’s renewable energy requirements.