Solar Incentives for States
Many states currently have solar incentives and tax credits as well as other rebate programs in place for encouraging energy efficiency and renewable energy projects.
Our company mainly serves Southeastern Massachusetts, which is a leading state with a long, successful record of implementing energy efficiency and renewable energy programs for all sectors. Massachusetts’ Renewable Energy Portfolio Standard (RPS) was one of the first programs in the nation that required a certain percentage of the state’s electricity to come from renewable energy. The Alternative Energy Portfolio Standard (APS) was established to complement the RPS Program, providing requirements and incentives for alternative electricity technologies. The state also created an aggressive funding mechanism and required electric utilities to provide energy efficiency programs during its restructuring of the industry in 1997. The natural gas utilities in the state have offered energy efficiency programs to customers since the late 1980s.
Massachusetts ranked number one in 2016 for the sixth year in a row for energy efficiency by the American Council for an Energy Efficient Economy (ACEEE). MA is among one of the most progressive states in reducing carbon emissions through energy efficiency programs and renewable energy incentives.
Our state currently has production based incentive facilitated by the solar renewable energy certificate “SREC 2” program, which substantially benefits the system owner and reduces the payback greatly for many types of renewable energy systems. See our Mass solar power incentives page for Massachusetts program details.
State and Federal Resources for Solar Rebates, Tax Credits and Savings
The Database of State Incentives for Renewables & Efficiency (DSIRE) contains a list of incentive and rebate programs that encourage energy efficiency and renewable energy in each state.
The US Dept of Energy also provides a state by state list of all tax credits, rebates and savings at Energy.gov.
You can find a list of Federal Tax Credits for Consumer Energy Efficiency at Energystar.com. Just enter your zip code in site here Federal Tax Credits. A list of Rebates on the same site is helpful as well but it is not entirely complete.
GovBenefits.gov (another federal government website this time geared to listing ALL benefits has information on over 100 energy assistance programs offered at both the state and federal levels. Use the Benefits by Category link and choose Energy Assistance.
Additionally, you can now add on the cost of energy-saving improvements to a new or existing house when you apply for a new loan or refinancing. Search for participating lenders on this link on the HUD.gov site.
Whether you are a business or homeowner, you may be eligible for a 30% Federal Tax Credit for the total gross installed cost of the system. See our Solar Incentives for Massachusetts Business page for more details.