Along with a 15% state tax credit worth up to $1000, the Solar Massachusetts Renewable Target (SMART) is the newest incentive program created to promote solar adoption in Massachusetts. SMART picks up where SREC-I and SREC-II left off – but with fewer incentives that steadily shrink as time passes. Combined with the declining federal solar investment tax credit (ITC),
the message from state & federal governments is clear:
THE SOONER YOU GO SOLAR, THE MORE YOU SAVE.
Time to Get SMART
Effective November 2018, SMART is a declining block model that provides fewer incentives than SREC. As time passes, blocks decline 4% in kilowatt-capacity and incentive value. Once a block fills up, the next block is available at 4% less across the board.
To put it simply:
The longer you wait to go solar, the less financial incentive you receive.
Federal Solar Incentives Start to Decline in 2020
Going solar is a smart investment. Going solar soon is even smarter. The largest federal tax credit ever offered to homeowners expires at year-end and will continue to decline rapidly.
Maximize Your Investment
When we combine the inevitable lower SMART incentives with the ever-declining federal investment tax credit, now is the time to install your solar system – and we can help you get there.