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.
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,
Every year, the Minnesota Commerce Department runs a competitive RFP process to award funds for research projects into methods utilities can adopt to help their programs (Conservation Improvement Programs, or CIPs) increase efficiency in the use of the energy they sell. Any public or private
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.
The Nevada Renewable Portfolio Standard requires electric providers in Nevada to increase the amount of sales that are derived from qualifying renewable energy sources incrementally up to 2030, when 50% of all sales are required to come from these renewable resources. Eligible renewable energy sources
When building projects with a total contract price of over $5 million, agencies must consider green energy technologies in design and construction. Agencies are required to spend at least 1.5% of project costs on these technologies. Eligible green energy technologies include solar, geothermal, biomass, and
Taxpayers in South Carolina who purchase and install a solar thermal or geothermal energy system are eligible for a tax credit up to 25% of purchase and installation costs against income tax liability. The credit cannot exceed $3,500 or 50% of the taxpayer’s liability. Unused
Vermont law provides for a 100% exemption from the state’s 6% sales tax for solar thermal systems used to heat water and associated thermal storage systems.
The Emerging Energy Technology Fund (EETF) provides grants for energy demonstration projects, testing of emerging energy technologies, and deployment of existing technologies that have previously not yet been demonstrated in Alaska. Eligible technologies include those that reduce negative environmental effects, such as renewable energy or
The Connecticut Green Bank is the nation’s first green bank. It works with private-sector investors to create low-cost and long-term financing for sustainable projects. More specifically, it looks to support clean energy infrastructure improvements, accelerate the commercialization of clean energy sources, and stimulate demand for
