Residential Solar and Efficiency Tax Credit - Personal (Massachusetts)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place Massachusetts

Name Residential Solar and Efficiency Tax Credit - Personal
Incentive Type Personal Tax Credit
Applicable Sector Residential, Multi-Family Residential
Eligible Technologies Equipment Insulation, Furnaces, Boilers, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Solar Water Heat, Other Unspecified Technologies
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 30%

Carryover Provisions Unused credit carried over to next taxable year (credit may not exceed total tax due for any taxable year)













Maximum Incentive 600 for single-family homes; 1,000 for multi-family homes










Program Administrator Massachusetts Department of Revenue
Website http://www.mass.gov/legis/laws/seslaw05/sl050140.htm
Date added to DSIRE 2006-02-01
Last DSIRE Review 2007-05-09



References DSIRE[1]


Summary

Massachusetts offers owners of residential property a 30% tax credit for certain energy-efficient items purchased on or after November 1, 2005, and before April 1, 2006. The credit, which may be taken against the state's personal income tax or the state's corporate income tax, may not exceed $600 for a single-family dwelling or $1,000 for a multi-unit dwelling. Joint owners of a residential property must share any credit available in the same proportion as their ownership interest.

Eligible items include (but are not limited to) home insulation; new window installations; advanced programmable thermostats; fuel-efficient furnaces, boilers, oil, gas, propane or electric heating systems; solar domestic hot water systems; materials for insulation or sealing of a duct, attic, basement, rim joint or wall; and pipe insulation for heating systems.

The credit may be taken against state's personal income tax in taxable year 2005 or 2006, regardless of when the purchase or purchases were made. The amount of the credit may not exceed the total tax owed for the relevant taxable year. If the amount of the credit exceeds the total tax due for the taxable year in which the credit is taken, the extra amount may be carried over and applied to the next taxable year.

The credit may be taken against the state's corporate income tax in the taxable year 2005 or 2006, in which any qualifying purchase was made. The amount of the credit may not exceed the total tax owed for the relevant taxable year. If the amount of the credit exceeds the total tax due for the fiscal year in which the credit is taken, the extra amount may be carried over and applied to the next taxable year.


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
     
     

  • 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)"