This income tax credit may be claimed for both residential and commercial renewable energy systems. This commercial version may be claimed by direct-use geothermal, solar thermal, and biomass projects. Biomass systems must produce either fuel or electricity; biomass heating is ineligible. The credit amount cannot
This tax credit may be claimed by taxpayers owning a hydrogen production system. The hydrogen must be produced using either a renewable energy source (green hydrogen) or renewable natural gas. Credits of $0.12 per kg of hydrogen produced may be claimed in a tax year,
Vermont law provides for a 100% exemption from the state’s 6% sales tax for systems which produce energy from renewable sources, including biofuels and advanced wood boilers, of capacities up to 500 kW.
Vermont’s Renewable Energy Resource Center provides funding for the installation of solar hot water and wood pellet heating systems by pre-approved installers. Commercial entities can receive $0.40 per KWh per year for solar thermal systems, up to $16,500, and $3,000 to $70,000 for advanced wood
Commercial entities already eligible for Vermont’s Clean Energy Development Fund can receive funding for up to 50% of the cost of replacing coal-burning systems with wood pellet systems. New systems must be installed by pre-approved contractors. $300,000 is available on a first-come-first-serve basis, and each
Maple syrup production operations in Vermont can receive incentives for the installation of wood pellet or chip-fired evaporators which completely replace oil-, propane-, or cord wood-burning systems. Sugaries can receive $200 per square foot of the evaporator pan, not to exceed $20,000 or 50% of
Section 44-18-30 of the Rhode Island General Laws describes properties exempt from sales and use taxes. Clause 57 describes that exempt products include renewable energy products, such as solar thermal collectors, geothermal heat pumps, and others.
South Carolina provides a sales tax exemption for any device, equipment, or machinery which generates, distributes, or uses hydrogen or fuel cells. The law does not specify which types of hydrogen apply, and defines fuel cells simply as any device that “creates electricity using hydrogen
South Carolina provides a property tax exemption for renewable energy systems with a rated capacity below 20 kW-AC. South Carolina includes solar thermal, geothermal, green hydrogen, and biomass in the definition of “renewable energy resource.”
Section 12-6-3588 of the South Carolina Income Tax Act provides tax incentives to companies in the solar, wind, geothermal, and “other clean energy industries” that consider siting business operations in the state. Total yearly credits may not exceed $500,000, and may continue for up to
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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.
