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Massachusetts Solar Incentives

Experience the Benefits of Renewable Energy in Massachusetts

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Massachusetts is one of the top ten states in the U.S. for solar.1

-45%

Massachusetts solar panel price drop over the last five years.1

80%

The Massachusetts Global Warming Solutions Act’s (GWSA) call for a cut in greenhouse gas (GHG) emissions below 1990 levels by 2050.2

Electricity rates in Massachusetts are more than 25% higher than the national average.3 But this isn’t the only reason why Bay Staters are choosing to team up with solar companies in Massachusetts like Sunrun to create and store their own solar power at home. Massachusetts also offers some of the most attractive solar incentive programs in the country.

Sunrun is the leading residential solar and energy storage company in the U.S.4 You can gain energy independence and lower your carbon footprint while ensuring you can receive Massachusetts’ full solar benefits.

Incentive Programs, Tax Credits, and Solar Rebates in Massachusetts*

Incentive

Value

Federal Solar Investment Tax Credit (ITC)**

The 26% federal solar tax credit is available for purchased home solar systems installed by December 31, 2022.5

Residential Renewable Energy Income Tax Credit

The 15% state solar tax credit is available for purchased home solar systems in Massachusetts. (Max. $1,000 state tax reduction.)6

Solar Massachusetts Renewable Target (SMART) Program

Compensation per kilowatt-hour (kWh) produced by the system.7

Solar Installation Property Tax Exemption

Property tax exemption on the added home value from a home solar system.8

Home Solar Project Sales Tax Exemption

6.25% home solar system state sales tax exemption.9,10

Mass Solar Loan Program

Qualified low-income homeowners can get access to a low-interest loan to install home solar panels.11

Find out If You Qualify for Massachusetts Solar Incentives

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Learn the Details of Massachusetts Solar Incentives

Buy and install new solar panels in Massachusetts in 2021, with or without battery storage, and qualify for the 26% federal tax credit. The residential ITC drops to 22% in 2023 and ends in 2024.5

Average-sized 5-kilowatt (kW) system cost in MA: $15,040 Approximate system cost in MA after the 26% ITC in 2021: $11,13012

Purchase a new home solar system in Massachusetts and get a 15% credit of the final cost of your solar installation against your personal income taxes. This is limited to a $1,000 state tax reduction.6

Any excess credit amount can be carried over to your personal income taxes for up to three years.6

Eligible homeowners can receive payments from their utility company in Massachusetts for every kilowatt-hour (kWh) of solar power they create for ten years.7

In other states, these credits are known as Solar Renewable Energy Credits (SRECs).

Add a new solar system to your home in Massachusetts, and your property taxes won’t go up.8 Installing a system could also help you build home value.

When you purchase a new solar system in Massachusetts, you won’t pay any sales tax.9

The exemption is for 100% of the sales tax of your new home solar project. This can save you 6.25% right off the bat.10

Eligible low-income homeowners can have access to a low-interest loan to finance a PV system.11

This program is administered in partnership between the Massachusetts Department of Energy Resources (DOER) and the Massachusetts Clean Energy Center (MassCEC).11

Massachusetts Is a Remarkable Place to Create and Store Your Own Solar Energy

Aside from Massachusetts’ remarkable solar tax incentives and rebate programs, our home solar panel and battery storage plans start at $0 down. What's more, if you’re a customer of Eversource, National Grid, Unitil, or any other utility company in Massachusetts, you could earn bill credits for the excess solar power you produce thanks to their net energy metering (NEM) programs.13 With net metering in Massachusetts, you might save money on your future energy costs.

Sunrun is one of the best solar installers in Massachusetts that you can team up with. If you’re curious about creating and storing your own Massachusetts solar energy, use our Product Selector or request a free quote to get one-on-one service from our expert Solar Advisors. It won’t cost you a dime to find out if our solar solutions are right for your energy needs.

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the federal tax credit schedule from 2021 to 2024 chart. 26% federal tax credit in 2021 & 2022, steps down to 22% in 2023 and ends in 2024
  • Learn about the federal tax credit
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DISCLAIMERS:

*Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type and whether a customer purchases or leases a home solar system from Sunrun.

**We recommend contacting a tax professional to most accurately determine the impact of the solar Investment Tax Credit (ITC) on your federal taxes.