Massachusetts is one of the greatest states in the US to install solar panels due to two key factors: high electricity costs and reliable state solar tax incentives. This is true despite its frequently gloomy sky and harsh winter temperatures.
Massachusetts receives adequate daily peak sunlight hours to support household solar systems, ranking 45th out of 50 states in terms of average yearly sunshine. According to the Solar Energy Industries Association, the Bay State actually ranks eighth in the country for solar power and produces nearly 20% of all electricity from the sun. Boston is also second nationwide in terms of the potential savings from the installation of a typical photovoltaic solar power system.
The cost of electricity in New England, which is roughly 25% more than the national average, and the state’s support for renewable energy sources are factors in the rising popularity of solar power. In addition to additional incentives and rebates, Massachusetts individuals who own their own solar panels can benefit from buyback schemes, sales tax exemptions, and income tax credits.
The above review will assist you in selecting the top solar panel installer serving your state if you reside in Massachusetts and want to take advantage of the expanding trend of going solar.
How to Determine Which Solar Panel Installation Company Is Best for You
Your needs ultimately determine which solar provider you choose. When you decide to go solar, certain people can help you uncover the finest incentives to help you save money. For you to generate the most electricity possible, other businesses offer the most effective panels. Solar energy companies either hire their own installers or outsource the service. Select a solar company based on your needs.
8 Reasons to Hire a Solar Panel Installation Company
- Good investment
- Go green and reduce carbon footprint
- Installing solar panels is not a DIY job
- Reduce utility costs
- Avoid warranty issues
- Save time
- They are licensed and insured
- Electrical safety
Solar Panel Incentives in Massachusetts
According to the Directory of State Incentives for Renewables & Energy Efficiency, Massachusetts offers 114 incentives for renewable energy and energy conservation. Many of those are appropriate for home use.
The Federal Solar Investment Tax Credit offers a credit of up to 26% of your project’s cost at the federal level. Congress must renew it for 2024 and beyond when that percentage drops to 22% in 2023.
Massachusetts provides a sales tax exemption on the project as well as a state tax credit of up to $1,000. In Massachusetts, solar homeowners can use net metering to get paid back by their local utility companies for any extra energy they produce.