Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)

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Eligibility: 
Residential
Savings Category: 
Solar - Passive
Solar Water Heat
Solar Space Heat
Geothermal Electric
Solar Thermal Electric
Solar Thermal Process Heat
Solar Photovoltaics
Wind (All)
Biomass
Hydroelectric
Geothermal Heat Pumps
Municipal Solid Waste
Fuel Cells using Non-Renewable Fuels
Yes; specific technologies not identified
Wind (Small)
Fuel Cells using Renewable Fuels
Program Info
Sector Name: 
State
Administrator: 
Massachusetts Department of Revenue
State: 
Massachusetts
Program Type: 
Industry Recruitment/Support
Rebate Amount: 

100% deduction

Summary: 
Massachusetts offers a personal income tax deduction for (1) any income -- including royalty income -- received from the sale or lease of a U.S. patent deemed beneficial for energy conservation or alternative energy development by the Massachusetts Department of Energy Resources, and (2) any income received from the sale or lease of personal or real property or materials manufactured in Massachusetts and subject to the approved patent. The deduction is effective for up to five years from the date of issuance of the U.S. patent or the date of approval by the Massachusetts Department of Energy Resources, whichever expires first.