Corporate Tax Credit for Solar Water Heating Systems (Massachusetts)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Massachusetts

Name Corporate Tax Credit for Solar Water Heating Systems
Incentive Type Corporate Tax Credit
Applicable Sector Commercial, Industrial, Agricultural
Eligible Technologies Solar Water Heat
Active Incentive No

Implementing Sector State/Territory
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





Start Date 2005-11-01
Expiration Date 2007-12-31






Maximum Incentive 300










Program Administrator Massachusetts Department of Revenue

Date added to DSIRE 2006-06-14
Last DSIRE Review 2008-02-25



References DSIRE[1]


Summary

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
Date Effective 2005-11-01
Date Enacted 2005-11-22
Expiration Date 2007-12-31

















Incentive Contact

Contact Name Tax Information
Department Massachusetts Department of Revenue

Address P.O. Box 701

Place Boston, Massachusetts
Zip/Postal Code 02204
Phone (800) 392-6089



Website http://www.dor.state.ma.us
Contact Name Legal Department
Department Massachusetts Department of Energy Resources (DOER)

Address 100 Cambridge St.
Address 2 Suite 1020
Place Boston, Massachusetts
Zip/Postal Code 02114
Phone (617) 626-7300


Email doer.energy@state.ma.us
Website http://www.mass.gov/doer
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"