WHY SOLAR IN MASSACHUSETTS? -thought you’d never ask….

                                                                                                                                                                                                                                                                                                                                                                                                                     Understanding Solar Incentives in Massachusetts

The state of Massachusetts is a leader in promoting renewable energy, particularly solar power. Its progressive policies and incentives have made it one of the top states for solar installations. This post will delve into the various state incentives that make going solar in Massachusetts a smart and cost-effective decision.

The Solar Massachusetts Renewable Target (SMART) Program

The Solar Massachusetts Renewable Target (SMART) program is one of the primary incentives. It's a long-term sustainable solar incentive program run by the Department of Energy Resources (DOER) alongside local electric utilities. The program offers monthly payments to property owners who install solar panels, based on the amount of solar energy produced.

Residential Solar Tax Credit

Another significant incentive is the Residential Solar Tax Credit, which can offset some of the costs of installing solar panels. Homeowners are eligible for a state tax credit of 15% of the total cost of the system, up to $1,000. This tax credit is in addition to the federal solar tax credit.

Net Metering

Net metering is another incentive that allows solar panel owners to sell excess electricity back to the grid. For every kilowatt-hour (kWh) of solar power you feed back into the grid, you receive a credit on your electricity bill. This can significantly reduce your energy costs, making solar power an even more attractive option.

Massachusetts Property Tax Exemption

Massachusetts law also offers a property tax exemption for solar energy systems. This means that the added value of a solar power system is not included in the valuation of the property for tax purposes. This exemption can be applied for 20 years, providing long-term savings for homeowners.

Solar Loan Program

The Massachusetts Clean Energy Center (MassCEC) and the DOER have teamed up to offer the Mass Solar Loan program. This program connects homeowners with low-interest loans to help cover the upfront costs of solar installations. It's another way the state is making solar power more accessible to its residents.

Conclusion

Massachusetts offers an impressive array of incentives that make going solar both an environmentally friendly and economically smart choice. From the SMART program to net metering, residential tax credits, property tax exemptions, and solar loans, there's never been a better time to go solar in the Bay State.

Contact your local Massachusetts experts :  👉VIRIDIS ENERGY SOLUTIONS

    Sunrich Power & Viridis Energy