Massachusetts
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 10/05/2009
| Incentive Type: |
Personal Tax Credit |
| State: |
Massachusetts |
| Eligible Renewable/Other Technologies: |
Solar Water Heat,
Solar Space Heat,
Photovoltaics,
Wind
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| Applicable Sectors: |
Residential
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| Amount: | 15% |
| Maximum Incentive: | $1,000 |
| Carryover Provisions: | Excess credit may be carried forward three years |
| Eligible System Size: | Not specified |
| Equipment/Installation Requirements: | System must be new and in compliance with all applicable performance and safety standards and must be reasonably expected to remain in operation for at least five years. |
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Authority 1:
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M.G.L. Ch. 62, § 6(d)
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| Date Enacted: | 1979 |
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Authority 2:
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830 CMR 62.61
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Summary:
Massachusetts allows a 15% credit -- up to $1,000 -- against the state income tax for the net expenditure* of a renewable-energy system (including installation costs) installed on an individual’s primary residence. If the credit amount is greater than a resident's income tax liability, the excess credit amount may be carried forward to the next succeeding year for up to three years. Eligible technologies include solar water and space heating, photovoltaics (PV), and wind-energy systems. The original use of the system must begin with the taxpayer, and the system should “reasonably be expected to remain in operation for at least five years.”
The credit is available to any owner or tenant of residential property. For a newly constructed home, the credit is available to the original owner/occupant. Joint owners of a residential property shall share any credit available to the property under this subsection in the same proportion as their ownership interest. To claim the tax credit, complete Schedule EC.
* The term "net expenditure" is defined as the total of the purchase price for any renewable energy source property and installation cost less any federal tax credits and rebates/grants received from the U.S. Department of Housing and Urban Development.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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