Are there any federal or state initiatives for businesses who utalize solar energy systems?

Yes. The Solar Investment Tax Credit (ITC) is a current US federal tax credit available to business owners at 26%. This credit can be claimed during tax season, in which owners receive a dollar-for-dollar credit on 26% of their solar construction costs. Additionally, the Modified Accelerated Cost Recovery System (MACRS) is available to business owners to utilize. With MACRS, renewable energy investments can be recovered for federal tax purposes. Massachusetts also has state specific initiatives, such as the SMART (Solar Massachusetts Renewable Target) program.