Connecticut allows municipalities to offer a property tax exemption lasting up to 15 years for qualifying cogeneration systems installed on or after July 1, 2007. Municipalities can also adopt exemptions for commercial or industrial Class I renewable resources including hydropower facilities, solar thermal, or geothermal
Businesses that produce renewable chemicals from a biomass feedstock are eligible for a tax credit on renewable chemicals produced between 2017 and 2036. This tax credit is allowed against income, corporate, and franchise taxes. Eligible claimants include partnerships, limited liability companies, S corporations, cooperatives organized
Massachusetts Property Assessed Clean Energy (PACE) funding helps commercial and industrial property owners finance energy improvements with financing terms of up to 20 years. Eligible energy improvements include measures that reduce energy consumption and renewable energy system installation. PACE funding is offered in participating municipalities.
Taxpayers qualified as an alternative energy entity may claim a tax credit in Michigan under the Michigan Next Energy Authority Act. Qualifying business activities include research, development, or manufacturing of an alternative energy system or renewable fuel, including biomass, biodiesel, and landfill gas. This credit
Minnesota’s Comprehensive Energy Savings Plan for State Facilities requires projects to exceed the January 2004 state energy code by 30%. In addition, project managers must have 2% of a building’s total energy use come from wind or solar power. If this is not achievable, the
Regulated electric utilities across Montana are required to offer customers a green power option from renewable resources. Specific renewable energy types and program administration policies vary by utility.
Farmland that uses biomass, solar, or wind energy generating systems can have those systems assessed under the Farmland Assessment Act under certain conditions. The land and systems on it must be part of an operating farm during the assessment year and the year prior. The
The Nevada Renewable Portfolio Standard requires electric providers in Nevada to increase the amount of sales that are derived from qualifying renewable energy sources incrementally up to 2030, when 50% of all sales are required to come from these renewable resources. Eligible renewable energy sources
Local municipalities in Oregon are able to create special improvement districts where property owners can access PACE financing for renewable energy and energy efficiency projects. Municipalities can issue bonds or borrow money from the Oregon Department of Energy Energy Efficiency and Sustainable Technologies Loan Program
Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Storm Resiliency (C-PACER) Program, under which they can allow properties in designated districts to access low-cost, long-term financing for qualified projects and repay them through a voluntary special assessment. The property assessed
