Yes, there are state-specific tax credits for solar energy projects. These credits vary by state and can be used in addition to the federal solar tax credit, which currently stands at 30% under the Inflation Reduction Act of 2022. State incentives can include tax credits, rebates, tax exemptions, and net metering, providing a dual layer of support to reduce the cost of solar installations.
Some states offering notable solar incentives include:
- Illinois: The Adjustable Block Program and utility rebates are available for solar installations.
- Maryland: Offers state rebates through the Maryland Solar Access Program, alongside net metering benefits.
- Massachusetts: Provides performance-based incentives through the Solar Massachusetts Renewable Target (SMART) program, along with net metering and state tax credits.
These state-specific incentives can be combined with federal credits to maximize savings on solar installations. However, not all states provide statewide solar incentives; instead, some cities or utilities may offer local incentives.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-tax-credits-for-solar-energy-projects/
