Massachusetts Schools and Energy Tax Credits
In November, the IRS began sending the first round of checks to school districts that have filed for clean energy tax credits through a funding mechanism called Elective Pay.
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In November, the IRS began sending the first round of checks to school districts that have filed for clean energy tax credits through a funding mechanism called Elective Pay.
Swampscott Public Schools received $1,838,267 million in energy tax credits for the installation of ground-source heat pumps at the new Swampscott Elementary School. The work was completed by CTA Construction, a Massachusetts-based construction and firm.
Acton-Boxborough received $2.96 million in energy tax credits for the installation of ground-source heat pumps, rooftop solar and storage, and EV charging at the new net-zero Douglas & Gates Elementary School. The district partnered with PFM Financial Advisors, Consigli Construction, Arrowstreet, an architecture and design firm, and Eversource, a utility company, on the project.
Westwood Public Schools received $5.05 million in energy tax credits for installing ground-source heat pumps at its new elementary school. The technology qualified for $4.88 million in energy tax credits, and received $174,000 in interest.