In 2021, Montana created a new tax classification for green hydrogen, alongside new tax incentives for the technology. Under the law, any facility producing hydrogen without emitting greenhouse gasses, storing or transporting such hydrogen, or generating electricity from such hydrogen will be taxed at a
The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing
HB 2021 created a $50 million fund at the Oregon Department of Energy to provide grants for the development of community renewable energy projects. Eligible renewable energy systems include those that use biomass, solar, geothermal, or biogas to generate energy, as well as energy storage
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
Washington offers sales tax exemptions for a range of renewable energy products under the Renewable Energy/Green Incentives section of the Department of Revenue’s website. Eligible renewable energy technologies include biomass, green hydrogen, biogas, and landfill gas systems. Each clause has unique requirements and sunset dates.
Senate Bill 22-193 authorizes the Colorado Energy Office to provide grants to implement industrial and manufacturing emission reduction projects. Eligible applications include tribal governments, local governments, public-private partnerships, and private entities. Eligible facilities may use funds for renewable energy projects, fuel switching, industrial process changes
Kentucky allows local governments to establish PACE financing programs in their jurisdictions. They can also finance the program through bond issuance or partnership with a third party. Governments may also hire third parties for program administration purposes. All PACE programs have to review the property’s
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
Energy efficiency building standards apply to new construction and major renovation projects of state owned or state leased buildings. Buildings must exceed the International Energy Conservation Code by at least 20%, where cost-effective. The Montana Department of Labor, Montana university system, and other state agencies
New Mexico allows businesses to deduct 100% of the value of biomass equipment and biomass materials used for biopower, biofuels, or biobased production. This tax deduction works the same as a sales tax exemption.
