By going solar in Massachusetts your business will benefit from lower operating costs from reduced or eliminated electricity bills, self-generated renewable energy that helps the environment and meet your sustainability goals, and protection from long-term rising energy costs. What also makes solar a smart investment here in Massachusetts for businesses is all the lucrative solar incentives and tax credits available to business owners making our state one of the best for commercial solar in the nation. The advantages of solar energy go beyond direct return on investment. It helps reduce grid demand and overall reliance on fossil fuels. Solar energy benefits all of us here in Massachusetts and throughout the country, which is why the state and federal governments have implemented solar tax credits and incentives to encourage and empower businesses to make the switch to clean energy powered by the sun!
By reducing the overall costs of solar installation through the Federal Investment Tax Credit and MACRS Depreciation, your commercial solar energy system is set up to generate income like a virtual tenant on your roof without any of the downsides like late payments, gaps between occupancies or having to fix repairs. Once your system is installed and up and running, you can start receiving monthly SMART incentive payments for up to 20 years plus with net metering you’ll also be offsetting all or most of your monthly electric utility bill payments. Additionally, if you’re enrolled in the ConnectedSolutions program, you could see even more annual income from participating in peak demand events.
Learn more about the different commercial solar panel incentives available in Massachusetts. To find out about the value of incentives you may qualify for, reach out to Boston Solar today. We can help you determine your return on investment for solar for your business and explain how you can earn income from your solar energy system from these state and utility solar incentive programs. Many of the incentives for solar panel installation that are available to Massachusetts homeowners are also available to Massachusetts business owners with some variations in terms, and there are some commercial-only incentives in place as well to help make commercial solar a great investment.
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