New Mexico offers alternative energy product manufacturers a tax credit for up to 5% of qualified expenditures for manufacturing equipment used in a manufacturing operation that produces alternative energy products. To be eligible, manufacturers must employ one full-time employee for every $500,000 of expenditures for
This sales and use tax exemption applies to qualifying energy conversion facilities used in the commercial and industrial sectors and covers up to 100% of the taxpayer’s sales and use tax liability. This 100% tax exemption applies to waste-to-energy, including garbage to energy conversion, and
The Puerto Rico Green Energy Trust, created by the Puerto Rican Government, provides funding for research, development, and infrastructure projects related to renewable and clean energy. A wide range of renewable energy projects are eligible to receive support.
Utah’s PACE program offers financing up to $90,000 for projects over terms of up to 30 years for renewable energy and energy efficiency projects. Savings generated from new energy investments must outweigh costs and yield a positive cash flow over time, allowing for repayment. To
This legislation establishes a Commercial Property Clean Energy and Resiliency (C-PACER) program that local governments in Washington may implement to allow agricultural, commercial, and industrial properties to borrow money to reduce energy use or generate renewable energy. Under the program, debt is taken on by
The California Air Resources Board (CARB) has a multi-sectoral cap-and-trade system that requires businesses to purchase allowances equivalent to their emissions, incentivizing mitigation and the uptake of renewable thermal solutions. The program is designed to contribute to the state’s goals to reduce greenhouse gas emissions
This sales and use tax exemption applies to solar energy systems and components, as well as equipment used to produce, store, transport, compress, or blend green hydrogen, which can be created using biomass, geothermal, or other renewable energy sources.
The Illinois Clean Energy Innovation Fund is a revolving investment fund seeded by a grant from the state of Illinois and the U.S. Department of Energy. It is now managed by Evergreen Climate Innovations, a non-profit investment fund. This fund makes direct investments in high-potential,
The Maryland Energy Administration offers a non-competitive grant program to consider proposals that fall outside the range of its other energy programs. Eligible applicants include businesses, nonprofits, local governments, state governments, and educational institutions. The program budget varies annually. Awards are typically up to $250,000,
Michigan offers a tax exemption up to 100% for commercial alternative energy systems, personal property of an alternative energy technology firm, or personal property used by a business for the purpose of alternative energy research, development, or manufacturing.
