Free Solar Panels Massachusetts

Merriam webster defines free as not costing any money.

Free solar panels massachusetts.

Additionally massachusetts also has no sales or property taxes associated with your solar installation. Don t be discouraged by the new england weather most experts agree that massachusetts is an excellent location for harnessing solar resources. Solar panels in massachusetts are free in the sense that your solar payment will be lower than your energy costs right from the start. According to the solar energy industries association in 2019 massachusetts had 2 582 mw of solar energy installed ranking it eighth nationwide when all solar installations in the state are combined there is enough energy produced to power 436 415 homes.

With this incentive the state of massachusetts pays eversource national grid and until customers a fixed rate per kilowatt hour kwh of solar energy produced for 10 years. Being one of the best states for incentive in renewable energy it is no wonder that solar power companies are taking advantage of this. A federal tax credit allows you to deduct up to 26 of the cost of a solar panel system from your taxes although this percentage will decrease in 2021. With massachusetts electricity prices rising 18 in the past year residents are looking for a lower cost alternative to their utility.

Solar massachusetts renewable target smart one of massachusetts most exciting solar developments is the smart program. Solar energy is an abundant renewable resource that is integral to our clean energy portfolio in massachusetts. 2 in massachusetts you can also receive 15 of the system cost as a credit against your state income tax up to 1 000. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

The most significant incentive to install solar panels for homes and businesses in massachusetts is the federal solar tax credit. The massachusetts department of energy resources doer and the massachusetts clean energy center masscec have launched the mass solar loan program for massachusetts residents interested in directly owning their solar electric projects. In addition find out what solar programs and incentives are currently available for your home business or institution. Massachusetts is probably one of the best places to get solar panels for free using a power purchase agreement.