Federal Solar Investment Tax Credit (ITC)

The ITC allows you to deduct 30% of the cost of your solar installation from your federal taxes. This incentive can significantly lower your overall costs and is available for both residential and commercial solar systems. With recent extensions to this program, you can enjoy these benefits for years to come, making it the perfect time to switch to solar.

Massachusetts SMART Program

The Solar Massachusetts Renewable Target (SMART) Program rewards you for the solar energy your system produces. Through this program, you'll receive payments from your utility company for every kilowatt-hour your system generates. Over time, these payments can add up, effectively turning your solar panels into a steady source of income.

Massachusetts Residential Renewable Energy Income Tax Credit

Save even more with a state income tax credit of up to $1,000 or 15% of your total system cost, whichever is less. This credit applies to qualifying residential solar installations. This means you not only reduce your upfront costs but also enjoy ongoing savings, making solar an even more attractive option for your home.

Sales Tax Exemption

Solar energy systems in Massachusetts are exempt from sales tax, providing an additional 6.25% savings on your total system cost. This exemption applies to both equipment and installation services, ensuring that every dollar you invest goes further.

Property Tax Exemption

Installing solar can increase your property value, but Massachusetts exempts solar energy systems from property tax increases for up to 20 years. This ensures that you benefit from the added value without worrying about higher property taxes, allowing you to enjoy all the financial perks of going solar.

Net Metering

With net metering, you earn credits on your utility bill for the excess energy your solar system sends back to the grid. This program helps you offset the cost of energy during low-production periods, like cloudy days or nighttime. Over the course of a year, net metering can drastically reduce your utility bills, leaving you with more money in your pocket.