Financing
Incentives
In 2009, the government raised its federal tax credit for energy efficiency improvements. Alongside these benefits, each state offers tax credits and rebates to encourage investments in renewable energy for homes, businesses and farms.
Don’t Miss Out
Depending on your state, approximately 2/3 of your solar system cost could be covered by both state incentives and federal tax credits. Here’s just a sample of how much you could save on your with your solar system.
Connecticut
- No property or sales taxes
- 30% federal tax credit
- $2.275 per watt for the first 5,000 watts
- $1.075 per watt for the next 5,000 watts
Massachusetts
- No property or sales taxes
- $.40 per watt for the first 5,000 watts
- 30% federal tax credit
New York
- No property or sales taxes
- $1.40/watt rebate up to $9,800
- 25% state tax credit
- 30% federal tax credit
Vermont
- *$.45/watt rebate up to $6,500
- 30% federal tax credit
- $.06 per kWh bonus credit for solar power produced
*Incentives subject to change depending on state programs.

