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
The Energy Infrastructure Revolving Loan Program (EIRLP) went into effect on July 1, 2021, and provides low-interest loans for energy infrastructure projects facilitating electricity or gas generation, transmission, storage, or distribution. The maximum loan is $2.5 million or 75% of the project costs with terms
This is a competitive grant program administered by the Iowa Economic Development Authority. Projects must provide some benefit to Iowa ratepayers and aid one of the key focus areas of the Iowa Energy Plan, two of which are biomass conversion and electric grid modernization. Those
This tax credit is available for certain companies operating alternative fuel facilities, gasification facilities, or renewable energy facilities. Approved companies include a variety of business stakeholders, such as corporations, LLCs, and partnerships. Using a complicated calculation of income tax under two different scenarios, net tax
Incentives are available to certain renewable energy facilities that have a minimum capital investment of at least $1 million. Incentives include an advance disbursement of post-construction incentives, sales and use tax incentives worth up to 100%, severance tax incentives worth up to 80%, income tax
Chapter 103 of Section 95-648 of the Maine Code of Rules establishes rules for the Renewable Resource Fund. These rules outline the selection criteria for a competitive bid process for both renewable resource research and development projects at academic institutions as well as renewable energy
The Maine Clean Energy and Sustainability Accelerator is a specialized finance program designed to drive private capital into market gaps for goods and services producing low or no greenhouse gas emissions. According to Title 35-A, Part 8, Chapter 97 of the Maine Revised Statutes, qualified
The Maine Commercial Property Assessed Clean Energy (C-PACE) program allows owners of eligible commercial and industrial buildings to finance up to 100% of their renewable energy and other sustainability improvements. Title 35-A, Chapter 101 of the Maine Revised Statutes defines eligible properties and installations for
In collaboration with the Governor’s Energy Office, the Maine Technology Institute established a $500,000 grant program to encourage clean energy startups and businesses in the state to propose climate and clean energy solutions.
Efficiency Maine offers incentives for commercial and industrial users to fund thermal projects that reduce the consumption of natural gas, oil, biomass, and other fuels. Eligible projects will lead to fuel savings related to producing thermal energy for heating, steam production, and hot water. Funding
Stay Informed with the Monthly RTC Newsletter: Get updates on Member & Solutions Provider news, stay current with events, reports, publications, & working group activities.
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.
