The Rhode Island Efficient Buildings Fund (RIEBF) is a revolving loan fund that provides low-interest rate loans to governmental entities for energy efficiency and renewable energy projects. This program is administered jointly by the Rhode Island Infrastructure Bank and the Office of Energy Resources. The
Section 43-3.3 of the Rhode Island General Laws outlines properties exempt from taxation. Clause 49 describes that for manufacturers, properties eligible for exemption include renewable energy resources, as defined in section 39-26-5.
Section 44-18-30 of the Rhode Island General Laws describes properties exempt from sales and use taxes. Clause 57 describes that exempt products include renewable energy products, such as solar thermal collectors, geothermal heat pumps, and others.
South Carolina provides a property tax exemption for renewable energy systems with a rated capacity below 20 kW-AC. South Carolina includes solar thermal, geothermal, green hydrogen, and biomass in the definition of “renewable energy resource.”
Section 12-6-3588 of the South Carolina Income Tax Act provides tax incentives to companies in the solar, wind, geothermal, and “other clean energy industries” that consider siting business operations in the state. Total yearly credits may not exceed $500,000, and may continue for up to
Section 12-6-3775 of the South Carolina Income Tax Act states that taxpayers can receive an income credit equal to 25% of the costs associated with solar energy property based on certain stipulations. “Solar energy property” is defined as nonresidential solar energy equipment with at least
The South Carolina Office of Regulatory Staff Energy Office received funding from the U.S. Department of Energy to support “high-impact demonstration projects,” including renewable energy projects. The Energy Office uses these funds to disburse mini-grants capped at $10,000. Eligible applicants include state agencies, local governments,
Under the Reinvestment Payment Program, new projects with costs exceeding $20,000,000 or with equipment upgrades greater than $2,000,000 can apply for a reinvestment payment no later than 90 days after starting construction. If the Board of Economic Development approves an application, a project owner will
The State of Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program, under which a local government can allow a commercial property in a designated C-PACER district to use a voluntary special assessment to repay the financing of
This program provides an exemption from Texas’ franchise tax, which is equivalent to a corporate tax. Section 171.107 of the tax code, which contains more information, specifies solar energy devices with thermal applications as well as for storage are eligible. There is no ceiling on
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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.
