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Incentives

Solar incentives are financial benefits, rebates, tax credits, and other forms of support provided by governments, utilities, and organizations to encourage the adoption of solar energy. These incentives are designed to make solar installations more affordable and attractive for individuals, businesses, and communities. Here are common types of solar incentives:

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Federal ITC

The 30% federal solar tax credit is available for commercial solar systems installed by December 31, 2032. As of 2033, the residential tax credit will step down to 26%, in 2034 it will step down again to 22%. By 2035, the tax credit for commercial solar ends.

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Installing solar is an investment for today, next year and the long term. ​If you’re considering buying a solar system, act now and pay less today!

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Massachsuetts

15% of the system cost as a state tax credit up to $1000 as well as Solar Massachusetts Renewable Target (SMART).

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Pros of Solar in Massachusetts:

 

  • Federal Tax Credit (30%; drops to 26% in 2033, 22% in 2034, and ends in 2035)

  • Massachusetts Renewable Income Offer 

  • Increased Home Value ($23,684 increase in average-valued MA home)

  • Control- fixed monthly bill

  • Save and protect the environment

  • Be immune to rising electricity costs

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Rhode Island

1.1million residents hit by blackouts from 2008-2013 Rhode Island's electricity costs are 83% higher than the national average.

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Rhode Island Renewable Energy Fund (REF) offers to fund up to $7,000 for eligible residential, small-scale solar arrays as well as 7% home solar system state sales tax exemption.

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Pros of Solar in Rhode Island:

 

  • Federal Tax Credit (30%; drops to 26% in 2033, 22% in 2034, and ends in 2035)

  • State Incentives:

    • Small-scale solar grants

    • National Grid’s Renewable Energy Growth program

  • Increased Home Value ($17,356 increase in average-valued RI home)

  • Control- fixed monthly bill

  • Save and protect the environment

  • Be immune to rising electricity costs

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Connecticut

With energy costs in Connecticut 80% higher than the national average, the nutmeg state is #6 in the nation with total solar installs.

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6.35% home solar system state sales tax exemption.

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Pros of Solar in Connecticut:

 

  • Federal Tax Credit (30%; drops to 26% in 2033, 22% in 2034, and ends in 2035)

  • Increased Home Value ($13,957 increase in average-valued CT home)

  • Control- fixed monthly bill

  • Save and protect the environment

  • Be immune to rising electricity costs

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