Maximize Your Savings with Federal and Massachusetts Solar Incentives

When you choose to go solar, you're not just making an investment in clean, renewable energy—you’re also making a smart financial decision. Thanks to a variety of federal and state incentives, you can save big on your solar installation costs, making it easier than ever to transition to solar energy.

At Future Energy Solar, we help you take full advantage of these incentives to reduce your overall cost of solar and maximize your return on investment.
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Federal Solar Incentives:

30% Solar Investment Tax Credit (ITC)

One of the most significant incentives available is the 30% Solar Investment Tax Credit (ITC). This federal incentive allows you to deduct 30% of the cost of your solar installation from your federal income taxes. Whether you’re installing solar for your home or business, this tax credit can provide a substantial reduction in your overall solar installation cost.
  • How it works: The ITC is applied to your federal taxes and can reduce your tax liability by up to 30% of your system’s cost.
  • Who qualifies: You may qualify if you own your solar system and are subject to federal taxes.
  • Consult a tax professional: For detailed advice on how much you’ll qualify for, we recommend consulting a certified public accountant to ensure you’re maximizing this incentive.

State Tax Rebate - $1,000

In addition to the federal ITC, Massachusetts offers its own state tax rebate, worth up to $1,000 for residents who own their solar systems. This rebate further lowers the cost of going solar, making it more affordable for Massachusetts homeowners to switch to clean energy.
  • How it works: This rebate is available to homeowners who own their solar systems. It is applied to your state taxes, directly reducing what you owe.
  • Eligibility: As with the federal credit, you’ll need to consult with a tax professional to determine your eligibility and the specific rebate amount you qualify for.
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Massachusetts Solar Incentives:

Net Metering

Net metering is a game-changer for Massachusetts homeowners with solar energy systems. When your system produces more energy than your home needs, net metering allows you to send that excess energy back to the grid in exchange for credits on your electric bill.

01

How it works

Every kilowatt of solar energy your system produces that you don’t use goes back to the grid, and you receive a credit on your electricity bill at a dollar-for-dollar value.

02

Monthly credits

Your excess credits can carry over to the next month, helping offset your electric bills during times when your system isn’t producing as much energy (like during the winter months).

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Benefits

Some customers have accumulated over $1,000 in energy credits, reducing their monthly electric costs to near zero.

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Important

Not all homes will accumulate enough credits to offset their entire electric bill, so the system size and your energy use will play a role in how much you can save.

SMART Program and MLP Program

In addition to tax credits and net metering, Massachusetts residents may be eligible for additional incentives under the SMART Program or Municipal Light Plant (MLP) Programs.
  • SMART Program: If your utility provider is National Grid, Eversource, or Unitil, you may qualify for the SMART program. This program pays you for the energy your solar system produces. SMART payments are based on the amount of energy generated each month and can provide cash earnings on top of your savings on electricity.
  • MLP Program: If you live in a municipality that offers MLP rebates, you may receive a rebate based on the size of your system. The rebate is typically around $1.20 per watt but can vary depending on the utility and available funding.
Note: Incentive amounts and eligibility requirements are subject to change based on local regulations, utility company rules, and other various factors. Future Energy Solar assists in submitting applications for these programs, but we cannot guarantee specific outcomes.
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Why These Incentives Matter

Federal and state incentives make going solar more affordable than ever, and Future Energy Solar is here to help you navigate the complex world of solar incentives. By combining tax credits, rebates, and the SMART/MLP programs, you can significantly reduce the upfront cost of installing a solar energy system while gaining long-term savings on your energy bills.
Don’t miss out on these incredible savings! Start your solar journey with Future Energy Solar today, and let us help you unlock all the benefits these incentives offer.

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Want to learn more about how much you could save with these solar incentives? Our team is here to guide you through the entire process.
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