In July 2013, Hawaii enacted legislation allowing the Department of Business, Economic Development, and Tourism to issue Green Infrastructure Bonds to secure low-cost financing for clean energy installations, including both renewable energy and energy efficiency measures. The bond proceeds will be used to fund the on-bill financing program being developed by the Public Utilities Commission.
Solar Thermal Process Heat
In Missouri, solar energy systems not held for resale are exempt from state, local, and county property taxes. As enacted in July 2013, the law does not define solar energy systems.
Note: According to the SC Department of Revenue,this income tax program is available for the period from January 1, 2010 to December 31, 2015. The last applications for this credit are due on January 31st, 2015.
South Carolina offers a ten percent income tax credit to the manufacturers of renewable energy operations* for tax years 2010 through 2015.
In order to qualify, a business must:
- manufacture renewable energy systems and components in South Carolina for solar, wind, geothermal, or other renewable energy uses
- invest a minimum of $50 million in a Tier IV county, $100 million in a Tier III county
The District of Columbia Council created a personal property tax exemption for solar energy systems and cogeneration systems within the District by enacting B19-0749 in December of 2012. Systems using exclusively solar energy as defined in § 34-1431(14)) are exempt from personal property tax; provided, that, notwithstanding any other provision of law, the Chief Financial Officer shall transfer $120,000 from the certified revenues deposited in the Renewable Energy Development Fund established by § 34-1436 to the unrestricted fund balance of the General Fund of the District of Columbia and shall recognize the $120,000 as local funds revenue in fiscal year 2013 and
Iowa offers a corporate tax credit for solar energy systems. Specifically, the law allows individuals and corporations to claim a state tax credit worth 50% of the Federal Investment Tax Credit. Each taxpayer may claim up to $5,000 for residential systems and $20,000 for commercial systems under this program, and any excess credits may be carried over for up to 10 years.
A taxpayer may claim a credit for each separate and distinct solar installation. The cumulative value of the tax credits claimed by applicants under this program and the personal tax credit is limited to $5,000,000 per
In May 2012, Maryland enacted legislation stating that any calculation of "impervious surface" required by state or local authorities as part of a permit or variance relating to zoning, construction, or stormwater may only include the foundation or base supporting the solar panel. The law generally applies statewide, including charter counties and Baltimore City. It does not however apply in a defined "critical area", including the Chesapeake Bay Critical Area and the Coastal Bays Critical Area. The term "solar panel" is not specifically defined, but presumably would include both solar photovoltaic (PV) and solar thermal panels.
Note: The deadline for the most recent round of funding under this program was October 28, 2016. This summary is provided for reference only. Contact the PUC about the possibility of future funding rounds under this program.
The New Hampshire Public Utilities Commission (PUC) offers grant funding for renewable energy projects installed at commercial, industrial, public, non-profit, municipal or school facilities, or multi-family residences with at least three units. The minimum award is $150,000, and the maximum award is $1 million.
Eligible forms of energy include electricity or useful thermal energy generated from wind, ocean thermal, wave, current, tidal
The Virginia Resources Authority (VRA) was created in 1984 and provides financial assistance to local governments in Virginia for a variety of projects, including energy and energy conservation projects. In March 2011, H.B. 2389 added "renewable energy" to the list of eligible projects (though it may have already been technically eligible under the "energy" category). VRA offers a couple financing options, including the Virginia Pooled Financing Program and Revolving Loan Funds. Interested entities can use the contact form available on the VRA web site in order to discuss financing options with VRA staff.
In June 2010, the Louisiana Public Service Commission (LPSC) unanimously approved a Renewable Energy Pilot Program to determine whether a renewable portfolio standard (RPS) is suitable for Louisiana. The program was concluded in August of 2013 with the determination that, while utilities, staff, and regulators learned a great deal, a mandatory RPS was not needed in Louisianna. Three major reasons given not to pursue an RPS were 1) that renewable energy generation is more expensive than conventional energy generation, 2) that rising natural gas prices have put renewables at a cost disadvantage, and 3) that federal interest in mandatory RPS
Connecticut enacted legislation in May 2010 (H.B. 5435) that established a sales and use tax exemption for equipment, machinery and fuels used to manufacture solar thermal (active or passive) systems, solar electric systems, wind-power electric systems, or geothermal resource systems.