Origin: Provide homeowners and tenants a credit equal to 15% of the net expenditure for renewable energy source property or $1,000, whichever is less. The credit is limited to certain types of equipment used directly for the production of solar or wind energy for residential properties.
Origin: M.G.L. c. 62, § 6(d)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Credits Against Tax
1.601
Renewable Energy Source Credit
Provide homeowners and tenants a credit equal to 15% of the net expenditure for renewable energy source property or $1,000, whichever is less. The credit is limited to certain types of equipment used directly for the production of solar or wind energy for residential properties.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">M.G.L. c. 62, § 6(d)</a>
5.2
5.6
5.9
6.3
6.7
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