Colorado offers a refundable tax credit to industrial facilities exploring and implementing greenhouse gas emission reduction projects. CITCO can be used toward industrial studies, retrofit, expansion and new build projects. Studies might include energy and emissions audits or feasibility studies. A wide range of renewable
Real property and improvements to real property that decompose waste and convert the waste to gas for energy use are eligible for a property tax exemption. Methane gas conversion property installed after December 31, 2012 must be connected with or work in conjunction with a
The Massachusetts Clean Energy Center funds Innovate Mass, a program that provides up to $350,000 in bridge funding and technical support to help early-stage companies achieve commercialization for new clean energy technologies and innovative combinations of existing technologies. To qualify, companies must have advanced and
Michigan’s Renewable Energy Standard requires utilities, electric cooperatives, municipal electric utilities and alternative retail suppliers to derive 60% of retail energy sales from renewable sources and 100% of retail electricity sales from clean energy sources by 2040. Eligible technologies include geothermal, solar thermal, biomass; biogas,
Montana law exempts capital investments in non-residential buildings that generate energy from non-fossil sources from property tax. Exemptions cannot exceed $100,000 and are exempt for ten years after installation. To claim the exemption, use Montana Department of Revenue Form AB-14.
The New Jersey Renewable Portfolio Standard requires electric utilities to derive 50% of energy sales from Class I renewables and 2.5% from Class II renewables by 2030. Eligible Class I renewable energy sources include geothermal, landfill gas, solar, anaerobic digestion, and certain forms of sustainable
The Ohio Energy Loan Fund (ELF) helps eligible applicants receive low-interest financing to install energy efficiency measures that reduce energy use by at least 15%. Low-interest loans are available and range from $250,000 to $2.5 million. Loan terms are a maximum of 15 years. Eligible
The Puerto Rico Energy Program of the Department of Economic Development and Commerce provides funding for energy efficiency and renewable energy projects, energy audits for municipalities, and guidance on public energy policy compliance through the State Energy Program.
Virginia mandates that Phase I and Phase II Utilities generate a certain portion of their annual electricity sales from renewable energy sources. The required percentage increases gradually over time, with the percentage for Phase I Utilities increasing from 6% in 2021 to 100% by 2050
Wyoming allows municipalities to create Energy Improvements Areas in which to offer PACE financing. Property owners in these areas can receive loans for energy efficiency or renewable energy projects. Loans are repaid through special property assessment over a period of years.
