While the federal solar tax credit is available in every state, including Massachusetts and Rhode Island, there are also a number of solar incentives exclusively available to Massachusetts home and business owners, including the Solar Massachusetts Renewable Target (SMART) Program, which actually pays you a set incentive rate for the solar energy your panels produce. The rate is guaranteed for a set period of 10-20 years, and the sooner you sign up, the higher your SMART payment.
Massachusetts also offers:
- A state income tax credit of 15%, with a maximum of $1,000, on residential solar installation
- Net metering, when you are given a credit on your electric bill for the excess energy generated by your panels
- MassSave’s Connected Solutions program, which offers incentives for solar battery use
- Local property tax and sales tax exemptions
- Federal MACRS Depreciation for commercial solar
