The Federal Investment Tax Credit
The Emergency Economic Stabilization Act of 2008 provides a 30% Investment Tax Credit, with no upper limit, towards the purchase and installation of a solar energy systems. This tax credit significantly improves the payback on a solar project. Note that this tax credit for businesses is not constrained by a dollar-value cap. Regardless of whether you install a $100,000 system or a $1 million system, your company is permitted to take a 30 percent credit.
Massachusetts Incentives for Businesses
Financial Incentives
Local Rebate Program
Personal Tax Credit
Production Incentive
Property Tax Incentive
Sales Tax Incentive
State Rebate Program
Utility Loan Program
Utility Rebate Program
Accelerated Depreciation
Solar electric systems are eligible for the 5 year Modified Accelerated Cost Recovery System (MACRS). Accelerated depreciation on a system with a 25+ year engineered life greatly increases the after-tax financial return of the project.
Solar Renewable Energy Credits
A Renewable Energy Credit (REC) is a tradeable certificate that represents the clean energy benefits of electricity generated from a solar electric system. It can be sold or traded separately from the generated power. It greatly enhances the financial value of the project.
State Excise Tax Deduction
Businesses may deduct from net income, for state excise tax purposes, costs incurred from the installation of a solar energy system. A system that qualifies for this deduction will not be taxed under the tangible measure of the state's corporate excise tax.
Please note: We at Blue Selenium Solar are experts on solar energy systems, not taxes, and we do not provide tax advice; you may want to consult a tax professional.
New Hampshire Incentives for Businesses
The N.H. State Rebate Program for solar and wind systems, managed by the NH Public Utilities Commission provides rebates of $ 3/Watt DC up to a maximum of $6,000 or 50% of system costs, whichever is less for systems up to 5 kW in size. For more information click here: http://www.puc.nh.gov/Sustainable%20Energy/RenewableEnergyRebatesQAs-residential.htm
Local Loan Program
Property Tax Incentive
State Loan Program
State Rebate Program
Utility Grant Program
Utility Loan Program
Utility Rebate Program