Environmental


Green Buildings Tax Credit

Any real estate development project that is designed to meet LEED Green Building Rating System gold certificate or other equivalent certification and does not exceed 70% of the energy use allowed by the state energy code for new construction (or 80% for renovations/rehabilitation) are eligible for tax credits equivalent to a percentage of allowable costs based on the type of project and the LEED Rating achieved.

Brownfields

Businesses planning to develop in brownfield locations are eligible for a variety of benefits, including negotiable low-interest, long-term loans, up to $4 million in grants, and a special fund for environmentally friendly dry cleaning businesses.

Renewable Energy Sales & Use Tax Exemption

A tax exemption on the sale, storage, use or other consumption of machinery, equipment, tools, materials, and supplies, and fuel used directly in the renewable energy and clean energy technology industries. A renewable and clean energy technology industry is any industry that:

  • Produces, improves or develops solar energy electricity generating systems
  • Passive or active solar water or space heating systems
  • Geothermal resource systems
  • Wind power electric generation systems
  • Any equipment related to any of the above systems