State solar tax credits are specified amounts of money that can be used to offset against a tax liability. Therefore, the federal Investment Tax Credit (ITC) that applies to solar can be claimed on federal income taxes for 30% of the cost of a solar photovoltaic (PV) system. To receive...
New York’s Solar Tax Credit is a fantastic solar incentive for New York homeowners. The New York State Tax Credit is 25% of your total system cost, capped at $5,000. Unlike the federal Investment Tax Credit, you’ll be able to claim this tax credit regardless of how you choose to...
The Massachusetts Solar Tax Credit is a nice solar incentive for Massachusetts homeowners. The Massachusetts State Tax Credit is 15% of your total system cost, capped at $1,000. Like the Federal Tax Credit, you must purchase your system, either through a cash purchase or a loan, in order...
