The Best Solar Companies in Massachusetts 2022

Massachusetts Solar Energy Incentives: Rebates, Tax credits

Homeowners in Massachusetts who choose solar benefits from local, state, and federal incentives that helps reduce the total cost of a system.

The state has the Residential Renewable Energy Income Tax Credit. This incentive allows homeowners with installed panels to get a 15% personal tax credit, which goes up to $1000. The SMART program is another exciting incentive by the state. This program ensures that residential solar system owners get paid a fixed rate for the solar power they send to the grid. Other state incentives include property tax exemption and renewable energy sales tax exemption.

In addition to the state incentive, there is also the federal solar tax credit, which is currently at 26% of the total cost of the system.  

Price of Solar Panels in Massachusetts

The average cost of a panel is between $2.65 and $3.65 per watt. The varying prices are due to factors such as your location in the state. Using the figures, the average solar installation cost for a 5kW system falls between $13,250 and $16,300 before accounting for federal and state incentives.

However, after claiming the 26% federal tax credit, such a system might cost you between $9,800 and $12,000. The cost is further reduced by Massachusetts incentives such as the 15% personal tax credit for those with solar panels on their roof.