Thermal Storage

InnovateMass

The Massachusetts Clean Energy Center funds InnovateMass, a program that provides up to $250,000 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 applied

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IncubateMass

Established in 2013 by the Massachusetts Clean Energy Center, IncubateMass provides funding to Massachusetts incubators to grow the clean energy innovation ecosystem and commercialize clean-tech startups. Grants are up to $175,000 per year and support building out infrastructure, equipment purchases, networking events, growing strategic clusters,

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Alternative Energy Personal Property Tax Exemption

The General Property Tax Act (Act 206 of 1893, Section 211.9i of the Michigan Compiled Statutes) establishes the alternative energy personal property tax exemption in Michigan. This exemption applies to taxes levied on personal property where alternative energy is used to offset commercial or industrial

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Energy Efficiency and Renewable Energy Revolving Fund

The Energy Efficiency and Renewable Energy Revolving Loan Fund, created within the Michigan State Treasury by Section 460.912 of the Michigan Compiled Statutes, provides loans, grants, and other forms of assistance to public or private entities for energy efficiency and renewable energy projects. 

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Michigan PACE Financing

The Michigan Property Assessed Clean Energy (PACE) funding provides property owners with the opportunity to finance energy efficiency, water conservation, and renewable energy projects with no upfront costs. Eligible improvements must decrease energy or water use or generate electricity on-site.

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Maryland Energy Storage Income Tax Credit

The Maryland Energy Administration awards an Energy Storage Income Tax Credit on a first-come, first-served basis to residential and commercial taxpayers who have installed an energy storage system on their property. According to the FOA for FY22, qualifying systems include those that store thermal energy.

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Innovation Fund Investment Tax Credits

This is a tax credit allowed against income, corporate, and franchise taxes. Eligible businesses are those that apply novel or original methods to the manufacture of a product or the delivery of a service, including the advanced manufacturing and biosciences industries. Given the cutting-edge nature

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Energy Infrastructure Revolving Loan Program

The Energy Infrastructure Revolving Loan Program (EIRLP) went into effect on July 1, 2021, and provides low-interest loans for energy infrastructure projects facilitating electricity or gas generation, transmission, storage, or distribution. The maximum loan is $2.5 million or 75% of the project costs with terms

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Property Tax Exemption for Renewable Energy Systems

The construction or installation of a solar energy system on property classified as commercial or industrial will not increase the taxable values of the property for five full assessment years. This legislation defines solar energy to include solar thermal and separate storage apparatuses (e.g. thermal

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