A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed.
There is no maximum credit!
Will decrease to 26% tax credit after December 31st 2019
The SMART program pays solar system owners for their production of solar energy by kilowatt-hour (kWh) based on fixed production increments. The system owner is provided the exact price they will receive for each kWh of solar energy they produce. Fixed payment for the system production is determined by the time of system interconnection and the availability of each “block.”
By utilizing the SMART Program, you will not only be able to eliminate your electric bill, but actually have the opportunity to earn money with solar!
This incentive is in the process of being phased out, so take advantage while you still can! Very low rates, up to $30,000 unsecured $50,000 secured. If the homeowner is income qualified 30% or 20% of the principal of the loan is forgiven / paid down by the DOER.
Massive incentive – up to $9,000 on a $30,000 loan!
We take care of the loan application process with you
Starting on May 20th, 2019, the Massachusetts DOER has pledged 2.3 million dollars to help fund a rebate program assisting with the installation of solar power for people in participating MLP territories.
If you live in one of the towns listed, you may be able to qualify for a $1.20 per watt rebate on your solar installation. On an average 5 KW system, that would be a $6,000 rebate. If you combine that with the 30% Federal Tax Credit (available until the end of 2019), you may be able to receive over 50%-off the sticker price of solar.
Pennsylvania allows Solar Producers to sell any excess energy they generate back to the grid. This is a great way for homeowners and businesses extra income during peak solar hours. Those who would like can easily find out more information about the process of selling their Solar Renewable Energy Certificates (SRECs) at the link above.