With the help of New England Solar Programs, homeowners can take advantage of a variety of incentives and rebates to make solar panel installation more affordable.
As we move into 2023, many homeowners in Massachusetts are exploring the benefits of switching to solar power. With the help of New England Solar Programs, homeowners can take advantage of a variety of incentives and rebates to make solar panel installation more affordable. In this post, we’ll explore Massachusetts solar panel rebates in 2023 with New England Solar Programs.
Solar Investment Tax Credit: The Solar Investment Tax Credit (ITC) is a federal tax credit that allows homeowners to deduct a percentage of the cost of their solar panel system from their federal taxes. In 2023, the ITC will provide a 30% credit for residential solar installations, making it a valuable incentive for homeowners in Massachusetts.
SMART Program: The SMART Program is a state-level program that provides incentives for homeowners and businesses to install solar panel systems. The program offers a performance-based incentive that is based on the amount of solar energy produced by the system.
Mass Solar Loan Program: The Mass Solar Loan Program offers low-interest loans to help finance solar panel installation. The program is designed to make solar power more accessible and affordable for homeowners in Massachusetts.
Municipal Solar Incentive Program: Many cities and towns in Massachusetts offer their own solar panel rebates to homeowners. These programs can vary by location, so it’s important to research the programs available in your area.
Solar Incentives Calculator
Discover Incentives and Rebates Available to Help Homeowners Save With Solar
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With no upfront costs for service or installation, you can start saving from day one. Solar panels are 70% cheaper today than they were 10 years ago, which means millions of homeowners that could not previously afford to do so are switching to solar. Solar panels can significantly reduce your cost of energy.
Rebates & Incentives
In order to get more people to switch to clean solar energy the federal and state governments are highly incentivizing homeowners who live in specific zip codes to go solar with $1000’s of dollars in rebates and incentives that can cover 100% of the costs associated with a new solar panel installation.
Why Go Solar?
Solar panels are an economical way for homeowners to lower their electric bill, increase their property value, and help the environment. Instead of paying electric companies top-tier costs for energy, solar panels allow you to lock in a low energy rate and save thousands year after year!
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State Sales Tax Exemption: Solar panel systems are exempt from sales tax in Massachusetts. This exemption can significantly reduce the upfront cost of solar panel installation and increase the affordability of solar power for homeowners.
Federal Tax Credits: In addition to the ITC, there may be other federal tax credits available to homeowners in Massachusetts who install solar panel systems. These credits can vary based on factors such as the size of the system and the amount of energy produced.
There are a variety of Massachusetts solar panel rebates available to homeowners in 2023 with the help of New England Solar Programs. By taking advantage of federal and state-level incentives and rebates, homeowners can significantly reduce the cost of solar panel installation and increase their financial savings. With the help of New England Solar Programs, homeowners can explore their options and make an informed decision about the benefits of solar power for their home.