Last Updated February 14, 2024
Program Overview
Category:
Financial Incentive
State:
Massachusetts
Incentive Type:
Corporate Tax Exemption
Administrator:
Massachusetts Department of Revenue
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
Massachusetts law exempts any "solar or wind powered climate control unit and any solar or wind powered water heating unit or any other type unit or system powered thereby," that qualifies for the state's excise tax deduction for these systems from the tangible property measure of the state's corporate excise tax. The exemption is in effect for the length of the system's depreciation period.
Note: For information about what constitutes the corporate excise tax, please visit the official Massachusetts website.