Excise Tax Deduction for Solar- or Wind-Powered Systems (Massachusetts)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Excise Tax Deduction for Solar- or Wind-Powered Systems|
|Incentive Type||Corporate Deduction|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Wind|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive||None specified|
|Program Administrator||Massachusetts Department of Revenue|
|Date added to DSIRE||2000-01-01|
|Last DSIRE Review||2013-02-21|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
In Massachusetts, businesses may deduct from net income, for state excise tax purposes, expenditures paid or incurred from the installation of any "solar or wind powered climatic control unit and any solar or wind powered water heating unit or any other type unit or system powered thereby," including labor expenditures. The installation must be located in Massachusetts and used exclusively in the business or trade of the business. Certain criteria must be met, see the Massachusetts Department of Revenue guidance for more information.
Furthermore, a system or unit that qualifies for this deduction will not be taxed under the tangible property measure of the state's corporate excise tax. This exemption is effective for the length of the equipment's depreciation period.
Note: For information about what constitutes the corporate excise tax, please visit the official Massachusetts web site.
|Contact Name||Tax Information|
|Department||Massachusetts Department of Revenue|
|Address||P.O. Box 701|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||MGL ch. 63, § 38H|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.