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Massachusetts Free Printable sched. EOAC for 2021 Massachusetts Solar and Wind Energy Credit

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Solar and Wind Energy Credit
sched. EOAC

Massachusetts Department of Revenue Schedule EC Solar and Wind Energy Credit Name(s) as shown on Massachusetts Form 1 or 1-NR/PY 2020 Social Security number Address of principal residence in Massachusetts (do not enter PO box) City/Town State Zip Costs of renewable solar and/or wind energy source property installed in a principal Massachusetts residence This credit can only be taken once for the principal residence indicated above. Do not include repair or maintenance costs. See instructions on the back of this form. 11 Cost of renewable solar and/or wind energy property installed in your principal Massachusetts residence in 2020. Enclose a statement describing the nature of the expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12 Enter any U.S. HUD grant or rebate for such expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 13 Net 2020 expenditures. Subtract line 2 from line 1. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 Enter 15% of line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15a Maximum allowable credit for principal residence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a 1,000 15b Total prior years credit taken by taxpayer for this principal residence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b 15c Subtract line 5b from line 5a. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c 16 2020 Massachusetts Energy Credit. Enter line 4 or line 5c, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 17a Enter 2017 unused Massachusetts Energy Credit (from 2019 Schedule EC, line 12, col. c). . . . . . . . . . . . . . . 7a 17b Enter 2018 unused Massachusetts Energy Credit (from 2019 Schedule EC, line 12, col. c). . . . . . . . . . . . . . . 7b 17c Enter 2019 unused Massachusetts Energy Credit (from 2019 Schedule EC, line 12, col. c). . . . . . . . . . . . . . . 7c 18 Massachusetts Energy Credit available this year. Add lines 6, 7a, 7b and 7c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Computation of Energy Credit allowable on return 09 Total tax from Form 1, line 28 or Form 1-NR/PY, line 32 less Limited Income Credit, and/or Credit for Taxes Paid to Other Jurisdictions, and/or certain other credits, if any (see instructions). Not less than 0. . . . . . . . . . . . . 9 10 Massachusetts Energy Credit allowable this year. Enter the smaller of line 8 or line 9 here and on the Credit Manager Schedule. Not more than $1,000. You must enclose Schedule EC with your return. Failure to do so will result in this credit being disallowed on your tax return and an adjustment of your reported tax. . . . . . . . . . . . . . . . . . . . . . . . 10 Unused Massachusetts Energy Credit Carryover 11 Complete only if line 8 is more than line 10, or if you have unused credits from prior years. 12 c. Unused credit available Subtract col. b from col. a Year a. Unused credits from prior years and current year credit b. Portion used this year Amount For 2018 2019 2020 (2019 Sch. EC, line 12, col. c) _______________ (2019 Sch. EC, line 12, col. c) _______________ (2020 Sch. EC, line 6) _______________ ________________ ________________ ________________ ________________ ________________ ________________ 2021 2021–2022 2021–2023 _______________ ________________ ________________ Totals Schedule EC Instructions General Information Massachusetts General Laws, Chapter 62, section 6(d) allows any owner or tenant of residential property located in Massachusetts, who is not a dependent of another taxpayer and who occupies the property as his/her principal residence, a credit equal to 15% of the net expenditure for renewable energy source property (installed on or after January 1, 1979) or $1,000, whichever is less. The maximum allowable credit for a taxpayer is $1,000 during the entire time the taxpayer resides in the same principal residence. In calculating the available credit amount, the taxpayer must subtract from the $1,000 maximum any energy credit previously taken on that residence. The address of principal residence in Massachusetts must be the actual street address of the residence, not a PO box. A summer or vacation home does not qualify as a principal residence. Property placed in a rental unit by a landlord does not qualify for the credit. Joint owners, who occupy residential property as their principal residence, share any credit available to the property in the same proportion as their ownership interests. A condominium or cooperative housing corporation dwelling unit may qualify. (See 830 CMR 62.6.1). In the case of new construction, the credit is available to the original owner-occupant. Note: If you moved during the taxable year and had more than one principal residence that qualified for the Energy Credit during the same taxable year, you must file a separate Schedule EC for each of those principal residences. However, the maximum amount of the combined Schedule EC credits cannot exceed $1,000. To take the credit for a renewable energy source item: • you must be the first one to use the item; • it must be expected to last five years; and • it must meet the performance and quality standards prescribed by the Commissioner of Revenue. Expenditures are generally treated as made when the installation is completed. Further information about restrictions and qualifications may be found in 830 CMR 62.6.1. Line Instructions Line 1. Enter the cost, including installation, of the renewable energy source properties for your principal residence. Qualified renewable energy source property is property which transmits or uses solar energy for heating or cooling, for providing hot water or electricity, or which uses wind energy to generate electricity or mechanical forms of energy for non-business residential purposes. Examples of renewable solar and wind energy items include: • collectors, • rockbeds and • heat exchangers. • windmills, • wind-driven generators and • power conditioning and storage devices. Note: The following renewable energy source costs are not allowed (830 CMR 62.6.1): • heating and cooling systems, other than solar or wind, that supplement renewable energy source equipment; • energy storage mediums for nonessential functions, e.g. swimming pools; • expenditures for heat pumps (air and water), wood burning stoves or furnaces; • materials and components that have a structural function or are structural components; and • energy conservation expenditures for insulation, storm or thermal windows or doors, caulking or weatherstripping, etc. Line 2. Enter the amount of any U.S. HUD grant or rebate related to renewable solar and wind energy source property installed in your principal Massachusetts residence. Lines 5 through 8. Complete all appropriate lines to determine the amount of credit available this year. Lines 9 through 11. If the amount of energy credit available in line 8 is more than your total tax in line 9, less any Limited Income Credit and/or Credit for Taxes Paid to Other Jurisdictions, the excess may be carried over three succeeding years. Excesses are not refundable. Note: You must complete and enclose Schedule EC with your return. Failure to do so will result in this credit being disallowed on your tax return and an adjustment of your reported tax. What If I Am Taking the Solar and Wind Energy Credit and Another Credit On My Tax Return? If you are taking another credit in addition to the Solar and Wind Energy Credit on your tax return, you must reduce the amount of tax reported in line 9 of Schedule EC (from Form 1, line 28 or Form 1-NR/PY, line 32 or Form 2, line 41) by any Limited Income Credit and/or Credit for Taxes Paid to Other Jurisdiction and any other credits you may be eligible for. These include, but are not limited to the Lead Paint Credit, Economic Opportunity Area Credit, Economic Development Incentive Program Credit, Septic Credit, Brownfields Credit, Low-Income Housing Credit, Historic Rehabilitation Credit, Film Incentive Credit, Medical Device Credit, Employer Wellness Program Credit, Farming and Fisheries Credit, Low-Income Housing Donation Credit, and Veterans Hire Credit. Note: It is more advantageous to use the credit(s) that is going to expire first.
Extracted from PDF file 2020-massachusetts-schedule-ec.pdf, last modified February 2020

More about the Massachusetts Schedule EC Individual Income Tax Tax Credit TY 2020

We last updated the Solar and Wind Energy Credit in February 2021, so this is the latest version of Schedule EC, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule EC directly from TaxFormFinder. You can print other Massachusetts tax forms here.

Other Massachusetts Individual Income Tax Forms:

TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 1 Resident Income Tax Return
Schedules X/Y Other Income and Deductions
Form M-4868 Application for Automatic Six-Month Extension of Time to File Massachusetts Income Tax Return
Form 1-NR/PY Nonresident or Part-Year Resident Income Tax Return
Schedule CB Circuit Breaker Credit

Download all MA tax forms View all 127 Massachusetts Income Tax Forms


Form Sources:

Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule EC from the Department of Revenue in February 2021.

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Schedule EC is a Massachusetts Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Massachusetts Schedule EC

We have a total of ten past-year versions of Schedule EC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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