THE BAY STATE GOES SOLAR
Why go solar in Massachusetts
Going solar as a Massachusetts homeowner comes with benefits. The Bay State is known for its history and beautiful east coast landscapes. However, it is slowly becoming known for solar. The state passed a bill requiring 40% of energy be renewable by 2030*. The bill is encouraging many incentives to go solar.
Solar incentives in Massachusetts*
Massachusetts offers net metering through regulated electric companies (Eversource, National Grid, and Unitil). Net metering pays out 100% of the value of the electricity they deliver to the grid, which includes the value of the fees charge for basic service, distribution, and transmission. The Solar Massachusetts Renewable Target (SMART) program is a tariff-based incentive available for Eversource, National Grid, and Unitil customers. It pays a bonus for each kilowatt-hour of electricity produced by a solar system. You can also qualify for an extra incentive if you install a battery to your system. Eversource customers can also qualify for the Connected Solutions program that pays an additional incentive annually in exchange for access and use electricity stored in your battery during high demand periods. It offers $225 per kilowatt for your battery’s average contribution furing summer events and $50 per kilowatt during winter events.
Massachusetts homeowners are also eligible for the Solar Investment Tax Credit (ITC).*** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*This information is current as of May 5, 2021 and figures are approximate. Customers are encouraged to check with their local utility providers for the most up to date and accurate information.
**We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
***You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.