Tax Incentive

Michigan Next Energy Authority Act Tax Credit

Taxpayers qualified as an alternative energy entity may claim a tax credit in Michigan under the Michigan Next Energy Authority Act. As detailed by Section 208.1429 of the Michigan Compiled Laws, qualifying business activities include research, development, or manufacturing of an alternative energy system or

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Alternative Energy Personal Property Tax Exemption

The General Property Tax Act (Act 206 of 1893, Section 211.9i of the Michigan Compiled Statutes) establishes the alternative energy personal property tax exemption in Michigan. This exemption applies to taxes levied on personal property where alternative energy is used to offset commercial or industrial

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Solar Energy Sales Tax Exemption

Minnesota law entirely exempts any system utilizing solar energy, including to heat water, buildings, or drive industrial processes, from sales tax. Minnesota Department of Revenue Form ST3 “Certificate of Exemption” can be used to claim the exemption.

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Maryland Energy Storage Income Tax Credit

The Maryland Energy Administration awards an Energy Storage Income Tax Credit on a first-come, first-served basis to residential and commercial taxpayers who have installed an energy storage system on their property. According to the FOA for FY22, qualifying systems include those that store thermal energy.

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Renewable Chemical Production Tax Credit

Businesses that produce renewable chemicals from a biomass feedstock are eligible for a tax credit on renewable chemicals produced between 2017 and the end of the 2025 calendar year. This tax credit is allowed against income, corporate, and franchise taxes.

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Innovation Fund Investment Tax Credits

This is a tax credit allowed against income, corporate, and franchise taxes. Eligible businesses are those that apply novel or original methods to the manufacture of a product or the delivery of a service, including the advanced manufacturing and biosciences industries. Given the cutting-edge nature

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Property Tax Exemption for Renewable Energy Systems

The construction or installation of a solar energy system on property classified as commercial or industrial will not increase the taxable values of the property for five full assessment years. This legislation defines solar energy to include solar thermal and separate storage apparatuses (e.g. thermal

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