When you think of solar panels, New England states like Massachusetts might not come to mind, but residents are highly motivated to install solar panels, especially given the high cost of solar energy. electricity in the state. According to Statista, the Bay State is the third highest in the United States at 26 cents per kilowatt, and some residents saw their electric bills triple in December 2022.
Also Read : Best Solar Panel Installation Companies in Massachusetts
Although Massachusetts did not make the list of states with the best incentives for solar panels, the state encourages solar investments through various programs, including tax credits, rebates, and net metering. - the practice of charging customers for excess solar power.
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Some Massachusetts solar panel incentives are simple, while others are quite complex. We'll break them down in plain language so you can understand all of the financial incentives to invest in solar power in the state.
Note : The solar incentives listed below are for electricity customers who reside in the State of Massachusetts. Various solar incentives are available for utilities, businesses, schools, and other organizations. Solar concessions are valid until June 30, 2023.
Comparison of Massachusetts Incentives for Solar Panels
Massachusetts Campaign | Description | Compatibility | Approximate value* |
Home energy tax credit | 15% tax credit for solar panels up to $1,000 | All Massachusetts residents | $1000 |
Solar Sales Tax Exemption | Solar panels and compatible mounting hardware are exempt from 6.25% sales tax. | All Massachusetts residents | $1500 |
Exemption from solar property tax | The cost of the solar installation is not subject to property tax | All Massachusetts residents | $274 per year depending on local property taxes and home value |
Massachusetts Renewable Solar Energy (SMART) Goals | Monthly incentive payments for solar panels | Eversource, National Grid and Unitil customers | it varies a lot |
Solar Municipal Lighting Program | Exemption for the installation of solar panels | Local electricity customers in Braintree, Georgetown, Middleborough, Norwood, Rowley and Reading | $4,800 to $9,600 |
Battery software for connected solutions | Plug-in inverters use their batteries during summer peak usage | National Grid Customers | $2,200 for summer |
Concord Municipal Lighting System Discount | Local discounts for the installation of solar panels | Concord Utility Customers | $3125 |
pure measure | The additional solar energy generated is reimbursed | Most of Massachusetts | Floating rate |
Federal solar tax credit | 30% discount on the installation of solar panels | All Americans | $7200 |
*Estimated cost is calculated using the national average of $24,000 for a solar installation and the average Massachusetts property tax of 1.14%.
Massachusetts Tax Credits, Benefits, Rebates, and Credit Programs
Massachusetts has a state tax credit for solar panel investments and two major state credits for customers of large, investor-owned utilities and certain state-owned local utilities. It offers sales tax and property tax credits to all residents for the installation of solar panels.
Massachusetts Energy Tax Credit
The Massachusetts Electricity Tax Credit provides residents with a percentage of the cost of installing solar panels at tax time. The credit is equal to 15% of the cost of the solar panels, up to a maximum of $1,000.
The credit includes passive and active solar energy systems. Taxpayers can only claim the credit for solar panels installed in their primary residence. To claim the Massachusetts Electricity Tax Credit, submit your Schedule EC with your state tax return.
Massachusetts Property Tax Exemption for Solar Panels
Solar panels are exempt from property taxes in Massachusetts, which means you won't pay more even if the solar panels increase the value of your home.
According to the Tax Foundation, the average property tax rate in Massachusetts is 1.14%. Although the cost of adding solar panels to a home varies, the tax credit could save Massachusetts about $274 per year, using the average solar panel installation cost of $24,000.
Massachusetts is exempt from sales tax on solar panels
Massachusetts is one of 13 states that exempts solar panels from sales and property taxes. The sales tax exemption for solar panels also applies to wind turbines and heat pumps.
Massachusetts sales tax is 6.25%, so you'll save $1,500 on an average $24,000 solar installation.
Massachusetts Renewable Solar Energy (SMART) Goals
A big incentive for solar panels in Massachusetts is the Solar Massachusetts Renewable Goals (SMART) program, a statewide power program that offers direct cash rewards to customers who install solar panels. In 2018, it replaced the previous state's Renewable Solar Energy Credit (SREC) program.
The SMART program is available to all Eversource, Unitil and National Grid utility customers owned by Massachusetts investors, including Massachusetts Electric and Nantucket Electric. The program's original goal was to install 1,600 MW of solar power, but this was expanded to 3,200 MW in 2020. SMART is a sliding scale incentive, meaning its value decreases as more participants join. the program.
The amount customers can receive from the SMART program is calculated with a complex formula that takes into account the size of the solar system, your utility company and your "power bank". Smart compensation includes extra money for “aggregators” or low-income customers, or extra money for system features like battery storage or mobile sun-sensing panels.
Massachusetts provides two Excel files that can help you calculate potential smart payments: Total Smart Calculator (XSLX file) and Cumulative Calculator (XLSX file). The University of Massachusetts Amherst Smart Calculator User's Guide is very helpful.
Incentive payments under the SMART program currently continue for 10 years after the installation of the solar panels
Massachusetts Municipal Solar Program
For some Massachusetts utility customers, the municipal solar program can provide significant incentives to install solar panels.
Customers of eight Massachusetts local utilities — Braintree Electric Light Department, Danvers Georgetown Municipal Light Department, Middleborough Gas and Electric Department, Norwood Municipal Light Department, Reading Municipal Light Plant and Rowley Municipal Light Plant — are exempt from installing signs solar. .
Rebates range from $0.60 to $1.20 per watt when solar panels are installed, up to a certain maximum capacity per MLP. MLP rebate applications are submitted through Energy New England.
Participating MLPs receive discounts for anyone connected to the program.
Battery program for solutions connected to the national grid
Massachusetts National Grid customers are eligible for a program that rewards afternoon solar customers with battery storage during the summer months.
ConnectedSolutions communicates with registered customers' inverters via the Internet and switches them to use the electricity stored by the batteries during certain peak hours between 3pm and 8pm from June to September.
In return, participants will receive $275 per kilowatt hour of electricity. ConnectedSolutions says this will happen no more than 60 times a year and will last no more than three hours each time.
To work with ConnectedSolutions, you must have an inverter suitable for your solar panel installation. The currently compatible inverter brands are:
- arrange
- blocking power
- Franklin WH
- general
- Join Outback Sonnen
- Bow Ground
- Solar border
- Solar energy
- You're here
Local Discounts on Solar Panels in Massachusetts
In addition to the six local utilities participating in the MLP Solar Rebate Program, several other Massachusetts utilities offer their own solar rebates.
Concord Municipal Plant Solar Panel Exemption
Concord Municipal Light customers are eligible for a significant discount on solar panel installation, ranging from $625 per kilowatt to $3,125. Residential solar panels up to 167 kW are allowed, all commercial installations of any size. The discount on Concorde solar panels does not expire.
Hingham Municipal Lighting System Solar Panel Discount
Customers at the Highham Municipal Light Plant south of Boston can also get a rebate on solar panels. A municipal utility pays $0.60 per watt to install solar panels up to a maximum of $6,000.
Discounts on Hudson lights and solar panels
For residential solar installations up to 25 kW, Hudson Light & Power is offering a rebate of $1.20 per watt, 50% of the total installation cost, up to a maximum of $7,500.
Ipswich Municipal Lighting Solar Panel Discount
Ipswitch Municipal Lighting customers who install up to 25 kW of solar panels can get a rebate of $0.30 per watt up to a maximum of $3,000. To comply, the solar panel must have an azimuth of 90 to 270 degrees and the maximum yield will be reduced by 20% due to shading.
Littleton Electric Light and Water Department Solar Panel Discount
The Littleton Department of Electricity and Light offers a deep discount on solar panels: $1 per watt, up to 50% off the total cost of installation. To qualify, the solar panel must be approved for local trade.
North Attleboro Electrical Department Solar Panel Discount
For residential and commercial customers installing up to 25 kilowatts of solar panels, North Attleboro Electric Utility charges $0.60 per watt with a maximum rebate of $3,000 for the first 5 kilowatts. The department has only pledged $60,000 in 2023 to fund solar rebates.
Shrewsbury Solar Panel Discounts for Cable and Electric Operation
Shrewsbury Electric & Cable Operations, located east of Rochester, Mass., offers solar installation rebates of $0.10 per watt up to a maximum of $1,000. Compliance requirements are the same as at Ipswich: solar panels must have an azimuth between 90 and 270 degrees with a maximum of 20% shading.
Discounts on solar panels and batteries at Taunton Municipal Light Works
Taunton Municipal Lighting offers two different discounts on solar panels and batteries. Eligible solar panels charge $1.50 per watt installed up to a maximum of $4,500. Batteries of 5kW and above are $300 more.
Wakefield City Department of Gas and Electric Discount Solar Panels
The Wakefield Council's Gas and Lighting Department is another council department that offers customers discounts on solar systems. The utility pays up to 50% of the total installation cost at $1.20 per watt.
Federal tax credits and Massachusetts solar credits
The Federal Renewable Energy Investment Tax Credit – technically known as the Residential Clean Energy Credit – is one of the biggest incentives for installing solar panels in Massachusetts or any other state. If you file a federal return, you can recoup 30% of the cost of your solar installation as a tax credit, or $7,200 for an average installation of $24,000.
The solar investment tax credit is non-refundable, meaning you cannot get more than the tax, but there is no maximum amount and you can carry any excess credit over the tax credit. next tax year and recover it. The Clean Energy Home Credit can be claimed by filing IRS Form 5695, which is part of the Top Tax Program.
Massachusetts Solar Grid Metering Rules
Net metering — the practice of compensating owners of solar panels that produce more electricity than they use — is required by law for three investor-owned utilities in Massachusetts. More information ি রেগুলেশনের ধারা 18.03. More information ক্রেডিটগুলির আন্তঃসংযোগ, পরিমাপ, নিষ্পত্তি এব More information More information ষে বাগুলি প্রদান করবে৷"
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