Solar Incentives in Massachusetts
In Massachusetts, business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation by choosing either a 100% first-year bonus depreciation, or a five-year MACRS schedule.
Launched by the Department of Energy Resources, the Solar Massachusetts Renewable Target (SMART) Program is a production-based incentive that is paid out by investor-owned utilities to solar system owners.
Commercial building owners can participate in the Property-Assessed Clean Energy (PACE) financing program, which allows owners to borrow money to pay for energy improvements and pay it back over the useful life of the system, up to 20 years.
What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in Massachusetts, as well as AG producers through this program. |
handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of Massachusetts and any agricultural producer can apply and may be eligible.
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While Massachusetts offers many incentives to commercial solar owners, none will have a larger impact that the USDA's REAP Grant. The 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry, so take advantage of the grant while it is still available. Fill out our interest form to get started!
The REAP Grant is available in:
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