Massachusetts Solar Programs & Incentives
Massachusetts Homeowners Pay The Second Highest Electricity Rates in the Country and The Highest Rates in New England
That’s the bad news. But here’s the good news: Massachusetts also stands out with some of the nation’s top solar incentives. Massachusetts is leading the charge toward a green future powered by the sun. The State of Massachusetts has always been at the forefront of eco-friendly initiatives. The state has set an ambitious target to reach net-zero carbon emissions by 2050. Here’s some more good news: the majority of our MA customers find themselves saving between 30%-50% on what they previously spent on electricity before going solar.
Learn more about the programs and incentives available for Massachusetts homeowners on this page, or click below to schedule your home’s solar assessment.
Substantial Savings for Massachusetts Residents
1. Massachusetts Renewable Energy Credit (MREC) Program:
The Massachusetts MREC initiative provides attractive incentives for homeowners who install solar panels. Under this eco-friendly program, homeowners are rewarded for all the electricity their solar panels produce for a quarter-century. The incentives are shown as credits on your electric bill, resulting in you, the homeowner, being compensated by your electricity provider. On average, a typical Massachusetts single-family home consumes about 10,000 kWh of electricity annually. This consumption can be offset by your solar system’s generation, which is duly recorded. Though the MREC Program, homeowners can earn a credit of up to $.03 for every kWh of electricity your system produces. This translates to an average annual MREC payment of $300 for 25 years, plus the savings enjoyed through a $0 electricity bill.
2. Massachusetts New Energy Metering:
When your solar panels generate more energy than your home consumes, Massachusetts homeowners receive a credit on their electricity bill. New energy metering can eliminate the need for additional battery storage because this credit can be applied during times when your home requires more energy than the solar panels may be producing. However, a homeowner can choose to include a solar battery as part of installation if desired for extra peace of mind as a backup supply and during blackouts.
3. Massachusetts Property Tax Exemption for Solar Installation:
Massachusetts homeowners are exempt from paying any additional property taxes on the added home value from their solar panel system.
4. New Roof At $0 Cost:
Some new customers may require a roof upgrade before installing solar panels. Fortunately, Massachusetts residents can qualify for a new roof at no cost by going solar. Check out our Solar + Roof Page for details.
5. Federal Solar Investment Tax Credit:
As of 2022, a federal tax incentive covers 30% of the overall expenses for solar installations, making solar panel systems more economically feasible than in previous years. Although homeowners traditionally use this tax benefit when they buy a solar system, it also can be applied to reduce the monthly lease rate, making solar panel leasing more attractive and affordable.