Adding value to your home with renewable energy technology does not result in higher property taxes Reply

If you are considering incorporating renewable energy technology to your home with solar hot water, solar space heat, solar thermal electric, solar photovoltaics, or wind; you are exempt from being taxed on the improvements to your home for twenty years in Massachusetts.

According to Massachusetts state law, as long as the renewable energy improvement is used as a primary or auxiliary power system to supply your energy needs, a homeowner is exempt from being taxed on the improvement.

So if your town assessor raises the value of your home because of a renewable energy improvement, your property tax bill can not reflect that additional value for 20 years.

If you are thinking about buying or selling a home with renewable energy improvements, call Michael Seward at 413-531-7129.  As a member of the National Association of REALTORS Green Resource Council, I am well equipped with the knowledge and training to help you achieve your goals.

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