Savings with Solar
In addition to the efforts to reduce the carbon footprint, solar energy can also help you save money and protect against rising utility rates. There are all sorts of federal and state initiatives to incentivize going solar.
Federal Solar Incentives
On a National level, there are great solar incentives your home or business can take advantage of. Those offered by the U.S. federal government include:
Modified Accelerated Cost Recovery System (MACRS), 5 year cost recovery period for solar energy property with a 100% bonus depreciation in the first year
26% federal Investment Tax Credit (ITC)
Massachusetts Solar Incentives
Massachusetts has a goal to meet or exceed 100% Renewable Energy by 2035. The State has developed several initiatives to help promote cost effective solar installation. To read more about the State's incentives, click below.