The Solar Massachusetts Renewable Target (SMART) Program is one of the best in the country. Whether leasing or purchasing your solar panel system, you will see substantial savings over your current electric bill. If you're interested in purchasing a solar panel system, then this program provides generous savings with State Renewable Energy Credits (SREC). The state is nearing the renewable energy mandate and will soon drastically reduce these incentives.

Federal Solar Tax Credit

Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop to 26% in 2021, will now be raised to 30%! This means solar projects in all market segments (residential, commercial, industrial, utility-scale) that begin construction in 2022 until 2032 will be able to receive a tax credit at 30%. All markets will drop to a 26% tax credit in 2033 so don't delay!

Net Metering

Net Metering allows you to generate your own electricity to offset your electricity usage.  Your solar panel system would be connected to a meter, which measures the net quantity of electricity that you use.  When you use electricity from the electric company, your meter spins forward.  When you generate excess electricity and “export” electricity to the electric grid, your meter spins backward. Your stored kWhs are "netted," or paid back, to you.