Massachusetts Solar Information

Massachusetts isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Idaho offer net metering. As always in Idaho you are entitled to the 30% federal tax credit.
  • #40
    Massachusetts ranks in America for savings from installing solar panels on
  • #5710.24 kWh
    AC Energy output every year in Massachusetts in 4 kW system
  • #4.92 kWh
    Solar Radiation (kWh / m2 / day)
  • 13 ¢ /kWh
    The cost of electricity today in Massachusetts Electric Co
  • 28 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years

California Solar Facts

  • $1.47
    Average cost of a 4kw solar power system in 2019.
  • 4 years
    Average system payback period.
  • $59 159
    Average lifetime savings.
  • 5 ¢ /kWh
    Levelized cost of solar energy.
  • 5 kW
    Recommended system size.

Massachusetts is one of the best states in the country to adopt solar. It might not have the largest number of sunny days in a year but it certainly has the best solar programs, incentives, and rebates to make switching to solar the easiest thing to do. Even though Massachusetts ranks low in sun peak hours, solar capacity here continues to grow thanks to the local government’s very rewarding solar policies.

Massachusetts Solar Facts

  • By the year 2030, Massachusetts must get 35% of all their power from renewable sources. In addition, the state is looking to pursue a goal of 100% of clean energy by 2095.
  • In 2018, Massachusetts launched a new solar incentive program SMART that pays off incentive payments every month for 10 years.
  • The average payback period for solar panels in Massachusetts is only 5 years.
  • Massachusetts’s average electricity price is 19 cents/kWh, which is much more than the nation’s average and the rates keep going up. The more expensive electric prices are, the more you save by switching to solar.
  • In Massachusetts, the typical savings from adopting solar over the course of 25 years is about $50,000.

The Cost of Solar Panels in Massachusetts

As of October 2019, the state’s usual cost of solar panels per watt is $3.24/W. This makes a market average out-of-pocket price of installation of the 5kW solar panel system of about $16,500. This price does not include Federal Tax Credit or any State incentives or rebates. After applying for all solar programs that the state has to offer, this cost can be cut as much as in half.

Massachusetts Solar Tax Credits

The Federal Investment Tax Credit – is the government program also known as Investment Tax Credit (ITC). It allows you to deduct 30 % of the total cost of the solar equipment and its installation on your federal taxes and has no cap on its value.

Massachusetts Solar State Credit – the state offers 15% tax credit off your solar system net cost and has a cap on its value at $1,000.

Property Tax Exemption – the residents of Massachusetts are exempt from the higher property taxes on the increased value of the house for 20 years after solar power system installation.

Massachusetts Sales Tax Exemption – the residents of Massachusetts are exempt from paying taxes on their solar power system and its installation.

Massachusetts Solar Incentives and Rebates

Net Metering Program – Net Metering is a program that lets you provide your utility company with your surplus solar power for the credit on your monthly bill. In Massachusetts, any extra power you generated is credited to you and can be used on any of your monthly bills. They can be carried over as many times as needed since they do not expire.

Massachusetts Solar Power Rebates – Depending on where you live, you might be able to use the rebates offered by one of these utility companies.

  • Chicopee Electric Light: $.50/watt, capped at $2,500
  • Concord Municipal Light Plant: $.625/watt, capped at $3,125
  • Hudson Light & Power: $1 or $1.25/watt, capped at $6,000
  • Ipswich Municipal Light Department: $.80/watt, capped at $4,250
  • Reading Municipal Light Department: $1.00/watt, capped at $2,000
  • Taunton Municipal Lighting Plant: $1.50/watt, capped at $4,500

Massachusetts Solar Performance Payments – Solar Massachusetts Renewable Target (SMART) program – is an incentive program that requires three major utility companies in Massachusetts to pay homeowners who have installed a solar power system on their property. On average, payments are expected to be $0.15/ kWh and will last for 10 years. The owner of a typical home solar system will get over $1,000 in payments per year.

  • How much do solar panels cost in Massachusetts
  • $1.47
    per watt
  • $6 691
    total
  • 4
    years

Pros and Cons of Buying Solar Panels in Massachusetts

Advantages:

  • +

    Relatively short payback period

    The solar payback period estimates how many years it takes for a new solar system to pay off the initial cost of the investment. Nationwide, the average solar payback period is just under 8 years. As of today, the typical payback period for Massachusetts is only 5.5 years. Affordable solar costs, high electricity prices, or great solar programs and incentives - all of these play role in a shorter payback period for Massachusetts.
  • +

    After the payback period, solar power is nearly free

    When the initial cost of your solar energy system is recovered, the electricity it generates is free for you to use.
  • +

    Great savings on a monthly electric bill

    By switching to solar energy, you become less dependent on your local utility company and their ever-rising utility rates. Once you begin generating your own electricity, you will see great savings on your monthly electric bill thanks to the Net Metering and SMART programs that Massachusetts offers.
  • +

    Helping the environment since solar energy is clean, sustainable, and renewable

    Solar power not only helps many people save a lot on their electric bill but also helps preserve our planet. Sunlight is a plentiful, clean, renewable, and truly sustainable power source that can be easily harvested without any harm to the environment. Nowadays it is proven that using solar energy instead of fossil fuels will decrease our carbon footprint by reducing air and water contamination.
  • +

    Support from the government and the state

    Massachusetts is one of the states where the government truly shows interest and provides support for solar. Besides The Federal Investment Tax Credit, the residents of Massachusetts will financially benefit from Solar Tax Credit, Net Metering, SMART program, and other various rebates and incentives. Thanks to this excellent financial help, the solar cost can be reduced by thousands of dollars.
  • +

    Very low maintenance

    Solar panels only require very minimal maintenance that consists of making sure they are dirt-free. There is no wear and tear with solar panel usage since they do not have any moving parts. Moreover, solar panels are completely silent when in operation.
  • +

    Excellent warranty protection

    Today, two types of warranties come with your solar power system: performance guarantee and extended product warranty. The product warranty covers any physical defects, manufacturing errors, and breakage. The performance warranty guarantees an adequate power output over the life of the solar panel, which is typically 25 years.
  • +

    Increase in the property value

    According to recent studies by the Appraisal Institute and Zillow, installing solar panels on the roof of your house definitely adds value to the property. On average, adding a solar energy system will raise your house value by 4.1%. The studies also showed that not only houses with PV installations sell at higher prices but they also sell faster than the houses without solar systems.

Disadvantages:

  • -

    The possible high initial cost

    Purchasing and installing a solar power system is a big investment, and many people are hesitant about paying such a high price all at once. However, these high expenses can really be cut almost in half thanks to excellent credit breaks and incentives. Moreover, once the solar power system is installed, you will start saving money on your electric bill right away.
  • -

    Must have a large, open area for installation

    On average, the installation of a typical 5kW PV system requires about 500 sq. feet of open area on the roof of the house. This space has to be shade-free for the solar system to operate efficiently. If this becomes a problem, the solar panels can also be installed on the ground as long as they have unobstructed access to sunlight.
  • -

    Must be a property owner to install

    As of today, the solar benefits, unfortunately, are not yet available to renters, people with low-income, or people without a job. Solar power system installations are mostly available to only homeowners with good credit and good income.

Is It Worth Going Solar in Massachusetts?

When comparing Massachusetts’s solar energy advantages and disadvantages, it is clear that the advantages significantly outweigh the disadvantages. With solar prices lower than ever, rising utility rates, and the great support from the government and the state, there is no better time to install solar power systems and start saving money on your utility bill while protecting the environment.





According to Massachusetts Electric Co, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.
I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

Relevant product for your system

Entry-level solar panels
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Entry-level microinverter
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Entry-level inverter
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  • Mini
  • Small
  • Medium
  • Large
We recommended
4.55 kW medium system size
Provides up to 80% of electricity consumption
$1.47 per watt
Average system cost
  • image rec 3
    14 x 325 watt
    solar panels
  • +
  • image rec 3
    14 x 300 watt
    microinverter
  • +
  • image rec 3
    1 x 5 000 watt
    inverter
$100.84
in month. Estimated savings
on your average quarterly bill
  • $6 691.21
    Estimated system cost
    Excludes 30% Federal Tax Credit.
    This price does not include the installation cost.
  • 4 years
    Average system
    payback period
  • $59 159.03
    Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

  • 13 ¢ /kWh
    The cost of electricity today in Massachusetts Electric Co
  • 28 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years
  • 5 ¢ /kWh
    levelized cost of solar energy

Get the results of the calculation in the mail

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