Corporate Tax Credit for Solar Water Heating Systems (Massachusetts)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Corporate Tax Credit for Solar Water Heating Systems|
|Incentive Type||Corporate Tax Credit|
|Applicable Sector||Commercial, Industrial, Agricultural|
|Eligible Technologies||Solar Water Heat|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||15% of system cost (including installation)|
|Carryover Provisions||Unused credit portion may be carried over to taxable year 2007|
|Program Administrator||Massachusetts Department of Revenue|
|Date added to DSIRE||2006-06-14|
|Last DSIRE Review||2008-02-25|
In Massachusetts, businesses may take a credit against the state excise tax for the purchase and installation of a solar water-heating system. The system must be installed at a commercial building, and the credit may not exceed $300 or 15% of the system cost, whichever is less. This credit expires December 31, 2007. A business may carry over unused portions of the credit for use in taxable year 2007.
Note that a credit for the installation of a solar water heating system in a commercial building between November 1, 2005 and March 31, 2006 may be applied for the taxable year 2006.
A business that takes this credit may not also take the state tax deduction allowed under MGL ch. 63, § 38H for the same solar water-heating system.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||MGL ch. 63, § 38T|
|Contact Name||Tax Information|
|Department||Massachusetts Department of Revenue|
|Address||P.O. Box 701|
|Contact Name||Legal Department|
|Department||Massachusetts Department of Energy Resources (DOER)|
|Address||100 Cambridge St.|
|Address 2||Suite 1020|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.