|Program Type||Industry recruitment / support|
|Amount||25 percent of the capital costs for building a qualifying PV manufacturing facility. Usually pays up to $15 million, but one certificate can be up to $25 million. Maximum benefit issued over three years can't exceed $75 million.|
|Required Documentation||Credit typically taken over two years in equal installments. Minimum capital investment and job creation requirements apply.|
|Official Web Site||http://www.michiganadvantage.org/Solar-Energy/|
Michigan is trying to leverage is position as a historic manufacturing and research and development hub by entising solar panel manufacturers into existing and empty facilities left behind by the auto industry.
The law allows PV manufacturers to claim a tax credit against the Michigan Business Tax.