State By State Review of Solar Tax Incentives and Rebates

June 10, 2013

I have found an excellent resource for state by state reviews of solar tax incentives and rebates for the U.S. Each state offers different money saving options, some much better than others. SolarPowerRocks.com gives detailed, reliable information which is very useful for checking your state’s score and get an idea of how much money you could save by switching to solar power. You can actually compare one state against another or several others to get a clear picture of the government assistance that is, or is not available.

Solar Tax Incentives and Rebates

Solar Tax Incentives and Rebates

State By State Review of Solar Tax Incentives and Rebates

Here is a sample of what I learned about Massachusetts solar tax incentives and rebates:

MASSACHUSETTS SOLAR REBATES AND SOLAR TAX INCENTIVES

The Database of State Incentives for Renewables & Efficiency (DSIRE) contains a long list of incentive and solar power rebate programs that encourage energy efficiency and alternative energies in Massachusetts. We’re going to focus on the residential programs, but there’s plenty to offer for corporations. See DSIRE’s list of corporate tax deductions, rebate money, and other incentives for businesses.

Personal Tax Credit

You can get a 15% state tax credit off your solar system, but only up to a maximum of $1000. For most people, count on $1000 to use towards your state income tax bill.

Property and Sales Tax Exemption: Yes

This means when the property tax man or woman cometh to assess your new solar home, they can’t assess you another dime for 20 years. Even after 20 years, the assessed value of the solar panels will probably have depreciated to next to nothing; so essentially, your solar panels won’t increase your property taxes.

In addition, you don’t pay sales tax on your system, so the installed price is the installed price.

Massachusetts Solar Power Rebate Program

The Commonwealth Solar Rebate Program is a state wide solar rebate program for Massachusetts. That’s the good news. The bad news is that it’s a little complicated. How much of a solar rebate you’ll get will depend on:

  • Your income

  • Your home value

  • Whether or not the solar panels are manufactured in Massachusetts.

  • Also, it should be noted, that the maximum rebate is $20,000, no matter how poor you are.

  • Also, your system size is not limited, but if you need more than a 5kW system, (which is average); the state won’t pay anything above the 5kW calculation.

    Share this nationwide resource for solar tax incentives and rebates to your clients, friends and family who may be considering adding a home solar energy system. Look for more clear and user friendly information about renewable energy on our home page.

We would like to know if you think your state is doing enough to support home solar and wind power projects? Are you happy with the tax breaks and incentives or should they be eliminated?

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