Massachusetts
Massachusetts is one of the first ten states who recognized the importance of renewable energy for the economy and the environment. According to the Solar Energy Industries Association (SEIA), the Massachusetts solar panel system’s solar energy is enough to produce energy for more than 430,000 homes. In addition to that, the price of the Massachusetts solar panel system is continuously decreasing, making it more affordable for users. With Massachusetts solar panel system, you can enjoy more control over your utility bills and leave a minimum carbon footprint. As the electricity rates are 25% more than the national average, the user can enjoy a quick return on investment.
What solar panels should I install in Massachusetts?
The user can customize their solar panels according to their needs and demands. They can choose the batteries and aesthetic of the installation. The customizability increases the importance of understanding the various factors that can impact the solar panel’s performance. The solar panel with warranties and premium performance is more expensive. On the other hand, an in-depth analysis is required if high-efficiency solar panels and warranties can fit your needs.
How much energy can users generate in Massachusetts?
Your solar panel performance depends on the quality and quantity of sunlight directly hitting your solar panel. Massachusetts isn’t one of the sunniest states in the U.S. On average, and has 197 sunny days annually. The other factors which can have an impact on the Connecticut solar panel system include the following:
- Shading
- Panel orientation
- Panel angle
Rebates and incentives
Federal Investment Tax Credit
The federal Investment Tax Credit has been one of the most impactful and reliable incentives for solar across the U.S. the user can deduct 26% of the total system cost from his/her federal taxes. This good incentive lasts until the end of 2022, and from 2023 the tax credit amount steps will decrease to 22%. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10% of a retail solar system cost from their taxes beyond 2023. Apart from the federal ITC, Maryland offer additional incentives for going solar, including the following
Massachusetts Solar Incentives, Rebates & Tax Credits
| Federal Solar Tax Credit | 26% federal solar tax credit is available for home solar systems installed by December 31, 2022 |
| Residential Renewable Energy Income | 25% tax credit (of total system cost) or up to $1,000 |
| Massachusetts Solar Renewable Energy Credit (SREC) | Varies depending on market value |
Mass State Solar Tax Credits and Exemptions in 2021
Massachusetts also reduces your MA state taxes after installing solar. You can credit 15% of your solar installation costs, up to a $1,000 value. Any increase in your property value after Massachusetts solar system installation won’t increase your property tax, and you can save 6.25% sales tax upfront.
Massachusetts SMART Solar Incentive Program in 2021
With Massachusetts solar panel system, you can enjoy monthly incentive payments for up to 10 years. The incentive level depends on Massachusetts solar panel system installation and when you enter into a specific SMART block.
Massachusetts and Net Metering
The Massachusetts investor-owned utilities offer customer net metering, which allows the user to credit the excess energy produced in the bill at the retail rate of electricity. The average electricity price in Massachusetts is 25% above the national average. Therefore, the homeowner can enjoy a lot on their electricity bills and want a quick return on investment. Depending on the system’s size, you can save up to 100% of your electricity costs.
2021 Connected Solutions Solar Battery Incentive
If your solar panel system is connected with the National Grid, you can benefit from a solar battery incentive. With a solar battery storage system, you can take part in the National Grid’s Connected Solutions program and take the benefit of using your solar batteries during the peak demand periods. The program is offered to manage the demands during specific periods, lower energy costs and reducing air pollution in the long term. Moreover, at Boston, solar batteries also qualify for the Federal solar tax credit and other Massachusetts solar incentives.
Conclusion
If you are living in Massachusetts, it is the right time to get solar. You can harness solar energy if the solar panels are getting enough sunlight. Moreover, the panels are placed in a direction where PVs can receive sunlight quickly and continuously. The number of hours the sun shines in the region is also critical. Furthermore, the state is going the extra mile to offer attractions and incentives to promote solar energy. If you want to go solar in Massachusetts, wait no more. We, with our team of skilled experts, can make the process easy and convenient. Wait no more, and lets us serve you with excellence.