Efficiency Maine offers funding for manufacturer efficiency projects that reduce the use of natural gas, oil, biomass, and other fuels and with an additional 10% cost share bonus incentive for beneficial electrification and heat recovery projects. Eligible projects will increase thermal energy efficiency.
Maine’s renewable portfolio standard, updated in 2019, requires that 80% of electricity sold in the state be supplied by renewable energy sources by 2030. LD 1494, “An Act To Reform Maine’s Renewable Portfolio Standard”, also established a new renewable thermal portfolio standard to incentivize efficient
The Maryland Energy Administration provides grant funding to local governments to promote energy efficiency, renewable energy, and transportation petroleum-reduction projects. Up to $165,000 of funding will be available for Tier 1 renewable energy projects, with a maximum award of $55,000 per eligible project, including solar
The Maryland Energy Administration offers a non-competitive grant program to consider proposals that fall outside the range of its other energy programs. A total of $1.1 million is expected to be available in fiscal year 2023, and awards will typically be up to $250,000, with
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.
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 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
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.
