Tennessee offers tax credits and refunds to Certified Green Energy Production Facilities for equipment and machinery that store (and also generate) electricity using clean energy technologies, including thermal storage, geothermal storage, and hydrogen storage. To be eligible for the credit, facilities must make investments of at least $250 million in 3 years. Facilities can claim up to $1.5 million against franchise and excise tax liability. The tax credit is available until January 1, 2029.
