In Massachusetts, businesses may take a credit against the state excise tax for the purchase and installation of a solar water-heating system. The system must be installed at a commercial building, and the credit may not exceed $300 or 15% of the system cost, whichever is less. This credit expires December 31, 2007. A business may carry over unused portions of the credit for use in taxable year 2007. Note that a credit for the installation of a solar water heating system in a commercial building between November 1, 2005 and March 31, 2006 may be applied for the taxable year 2006. A business that takes this credit may not also take the state tax deduction allowed under MGL ch. 63, § 38H for the same solar water-heating system.
| Name: | MGL ch. 63, § 38T |
| Date Enacted: | 11/22/2005 |
| Effective Date: | 11/1/2005 |
| Expiration Date: | 12/31/2007 |
| Name: | Massachusetts Department of Revenue |
| Address: |
P.O. Box 7010 Boston MA 02204 |
| Phone: | (800) 392-6089 |
| Name: | Legal Department |
| Organization: | Massachusetts Department of Energy Resources |
| Address: |
100 Cambridge St. Boston MA 02114 |
| Phone: | (617) 626-7300 |
| Email: | doer.energy@state.ma.us |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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