Tax Credits & Incentives

In the state of Massachusetts, homeowners who install a renewable energy source for their property, including solar panel systems, are allowed a solar energy credit of up to 15% or $1,000 off of the total purchase price of their system installation, based on your personal income tax.

The Federal Investment Tax Credit (ITC) is a federal tax break that allows homeowners and residential businesses with solar panel systems to claim up to 26% of their total solar installation costs from their federal tax liability.

The SMART program is a long-term sustainable solar incentive program to help Massachusetts become the most energy-efficient state in the country. If you meet and submit all the requirements, you can expect the Electric Distribution Company (EDC) to make payments and provide bill credits to you monthly!

If during peak sunlight hours, your solar panel system produces an excess amount of energy, that energy is sent back to the energy grid. When this happens, you will receive a credit on your energy bill if you work with Unitil, Eversource or National Grid. This incentive is called net metering.

A standard grid-tied solar system is required to have a safety mechanism that will shut down the system in case of an emergency power outage. Therefore, it is wise to invest in a battery storage system for your new solar panels, in the case of a power outage, so that your solar system continues to work even when the power goes out.