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, Â§ 38H for the same solar water-heating system.
|Incentive Type:||Corporate Tax Credit|
|Administrator:||Massachusetts Department of Revenue|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||15% of system cost (including installation)|
|Carryover Provisions:||Unused credit portion may be carried over to taxable year 2007|
|Name:||MGL ch. 63, Â§ 38T|
|Name:||Massachusetts Department of Revenue|
P.O. Box 7010
Boston MA 02204
|Organization:||Massachusetts Department of Energy Resources|
100 Cambridge St.
Boston MA 02114
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.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201