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Why is Solar credit in MA being split up 15% for this year and 15% to be carried over to next year instead of full 30% in full?

Forum|Forum|7 years ago
June 1, 2019
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Best answer by CherylW

This, from Mass.gov:

For the credit, you're allowed the smaller of:

15% of the net expenditure for a renewable energy source property, or
$1,000.

For the full text, see here.

Unless you have a credit that is larger than the tax you owe, you won't have a carryover to next year.

Employee

This, from Mass.gov:

For the credit, you're allowed the smaller of:

15% of the net expenditure for a renewable energy source property, or
$1,000.

For the full text, see here.

Unless you have a credit that is larger than the tax you owe, you won't have a carryover to next year.