Innovation Fund Tax Credits, which will be available until June 30, 2028, are allowed against income, corporate, and franchise taxes. A tax credit shall be allowed against certain taxes for up to 25% of a taxpayer’s cash equity investment in a board certified innovation fund.
Massachusetts’ Alternative Energy Portfolio Standard (APS) was established to complement the RPS Program, providing requirements and incentives for alternative electricity technologies. It provides incentives for Massachusetts businesses, institutions, and governments for installing eligible alternative energy systems and requires a certain percentage of the state’s electric
The Michigan Property Assessed Clean Energy (PACE) funding provides property owners with the opportunity to finance energy efficiency, water conservation, and renewable energy projects with no upfront costs. Eligible improvements must decrease energy or water use or generate electricity on-site. PACE funding is available in
Under Mississippi law, businesses that have moved to or expanded in the state, investing more than $50 million and creating at least 250 jobs in the process, and that produce or assemble components of clean energy systems, can apply to the Mississippi Development Authority to
Local governments in New Hampshire can offer local property tax exemptions for renewable generation facilities and energy storage systems. The exemption amount is determined by the assessed value of the system.
Renewable energy systems that serve to heat or cool commercial and industrial buildings or irrigation systems are exempt up to 100% from property taxes. This exemption cannot be claimed if another state tax abatement or exemption is claimed on the same piece of property.
Oklahoma requires that planning and construction for state buildings uses standards that conserve energy and optimize energy performance. Design and construction must reduce dependence on imported sources of energy through energy efficiency, local energy sources, and renewable energy sources.
Rhode Island offers manufacturers and residential buildings a property tax exemption up to 100% for qualifying solar thermal, geothermal, biogas, and biomass systems.
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
PACE Wisconsin allows municipalities to work with private sector lenders to provide up to 100% of the up-front cost to property owners for qualified energy efficiency and renewable energy measures. Loans are repaid through a property tax assessment using resulting energy savings over a period
