Residential Renewable Energy Income Tax Credit (Massachusetts)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Massachusetts

Name Residential Renewable Energy Income Tax Credit
Incentive Type Personal Tax Credit
Applicable Sector Residential
Eligible Technologies Solar Water Heat, Solar Space Heat, Photovoltaics, Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 15%

Carryover Provisions Excess credit may be carried forward three years


Eligible System Size Not specified

Equipment Requirements System must be new and in compliance with all applicable performance and safety standards and must be reasonably expected to remain in operation for at least five years.
Start Date 1979







Maximum Incentive 1,000










Program Administrator Massachusetts Department of Energy Resources (DOER)

Date added to DSIRE 2000-01-01
Last DSIRE Review 2014-10-31



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Massachusetts allows a 15% credit -- up to $1,000 -- against the state income tax for the net expenditure* of a renewable-energy system (including installation costs) installed on an individual’s primary residence. If the credit amount is greater than a resident's income tax liability, the excess credit amount may be carried forward to the next succeeding year for up to three years. Eligible technologies include solar water and space heating, photovoltaics (PV), and wind-energy systems. The original use of the system must begin with the taxpayer, and the system should “reasonably be expected to remain in operation for at least five years.”

The credit is available to any owner or tenant of residential property. For a newly constructed home, the credit is available to the original owner/occupant. Joint owners of a residential property shall share any credit available to the property under this subsection in the same proportion as their ownership interest. Any excess credit amount may be carried over to the next 1-3 taxable years.




* The term "net expenditure" is defined as the total of the purchase price for any renewable energy source property and installation cost less any federal tax credits and rebates/grants received from the U.S. Department of Housing and Urban Development.


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
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: M.G.L. Ch. 62, § 6(d)

Date Enacted 1979


Authority 2: 830 CMR 62.61




















  • 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"