climate

Massachusetts Climate Bill: Tax For Solar Projects

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The Massachusetts Legislature passed, “An Act Creating A Roadmap for the Next Generation of Climate Policy,” which contains numerous policy proposals related to clean energy, including measures that clarify tax treatment for solar projects.

Following is a statement from David Gahl, senior director of state affairs at SEIA on the new climate bill: “This legislation is a roadmap that will ultimately help the Commonwealth of Massachusetts decarbonize its economy. There are several positive developments for the solar industry, including measures that encourage the SMART program to serve more low-to-moderate income customers and exempt certain businesses from the Commonwealth’s solar net metering caps.”After months of negotiations, the bill now includes a provision that clarifies how taxes are assessed by towns and municipalities on wind, solar and energy storage systems.

In short, homeowners and small businesses will not see their property taxes increase when they install small solar systems.

IMAGE SOURCE: GOOGLE