Tax Credits
Tax Credits for Residential, Commercial and Industrial Business
Tax Credits for Massachusetts
Business Energy Investment Tax Credit (ITC):
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Last DSIRE Review: 06/10/2009
Links/Downloads:
(Download Format-PDF)
Application for SDHW System Certification
Application for Solar Space Heating Certification
Renewable Energy System Approval Form 2008
National Grid Incentives
Tax Credits for Massachusetts
Residential Renewable Energy Tax Credit:
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Last DSIRE Review: 02/19/2009
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Incentive Type: Personal Tax Credit
State: Federal
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies Applicable Sectors: Residential
Amount: 30%
Maximum Incentive: Solar-electric systems placed in service before 1/1/2009: $2,000
Solar-electric systems placed in service after 12/31/2008: no maximum
Solar water heaters placed in service before 1/1/2009: $2,000
Solar water heaters placed in service after 12/31/2008: no maximum
Wind turbines placed in service in 2008: $4,000
Wind turbines placed in service after 12/31/2008: no maximum
Geothermal heat pumps placed in service in 2008: $2,000
Geothermal heat pumps placed in service after 12/31/2008: no maximum
Fuel cells: $500 per 0.5 kW
Carryover Provisions: Excess credit may be carried forward to succeeding tax year
Eligible System Size: Fuel cells: 0.5 kW minimum
Equipment/Installation Requirements: Solar water heating property must be certified by SRCC or by comparable entity endorsed by the state in which the system is installed. At least half the energy used to heat the dwelling's water must be from solar. Geothermal heat pumps must meet federal Energy Star requirements. Fuel cells must have electricity-only generation efficiency greater than 30%.
Authority 1: 26 USC § 25D
Date Enacted: 8/8/2005 (subsequently amended)
Date Effective: 1/1/2006
Expiration Date: 12/31/2016
Authority 2: IRS Form 5695 & Instructions: Residential Energy Credits
Business Energy Investment Tax Credit (ITC):
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Last DSIRE Review: 06/10/2009
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Incentive Type: Corporate Tax Credit
State: Federal
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Solar Hybrid Lighting, Direct-Use Geothermal, Microturbines
Applicable Sectors: Commercial, Industrial, Utility
Amount: 30% for solar, fuel cells and small wind;
10% for geothermal, microturbines and CHP
Maximum Incentive: Fuel cells: $1,500 per 0.5 kW
Microturbines: $200 per kW
Small wind turbines placed in service 10/4/08 - 12/31/08: $4,000
Small wind turbines placed in service after 12/31/08: no limit
All other eligible technologies: no limit
Eligible System Size: Small wind turbines: 100 kW or less
Fuel cells: 0.5 kW or greater
Microturbines: 2 MW or less
CHP: 50 MW or less
Equipment/Installation Requirements: Fuel cells, microturbines and CHP systems must meet specific energy-efficiency criteria
Authority 1: 26 USC § 48
Links/Downloads:
(Download Format-PDF)
Application for SDHW System Certification
Application for Solar Space Heating Certification
Renewable Energy System Approval Form 2008
National Grid Incentives
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