Rebates

Note: The tax credits are fully subscribed. As of July 2016, there were 973 MW (2,148,000 MWh) of projects in the waiting queue for the wind/biomass tax credit and 1,103 MW (2,369,000 MWh) of projects in the waiting queue for the solar tax credit.

Enacted in 2002, the New Mexico Renewable Energy Production Tax Credit provides a tax credit against personal or corporate income tax. To qualify, an energy generator must have a capacity of at least 1 megawatt and be installed before January 2018. 

Amount

The tax credit is $0.01 per kilowatt-hour (kWh) for companies that generate electricity from

In March 2004, New Mexico’s governor signed into law the Renewable Energy Act (S.B. 43 (2024)), creating a state renewable portfolio standard (RPS). By 2020, investor-owned utilities (IOUs) are required to generate 20% of total retail sales from renewable energy resources, and rural electric cooperatives are required to generate 10% of total retail sales from renewable energy resources. This requirement was later increased by S.B. 489 (2019).

Eligible Technologies

Renewable energy is defined as electric energy generated by low- or zero-emissions generation technology with substantial long-term production potential; solar; wind; geothermal; hydropower facilities brought in service after

New York's system benefits charge (SBC), established in 1996 by the New York Public Service Commission (PSC), supports energy efficiency, education and outreach, research and development, and low-income energy assistance. To support the SBC program, the state's six investor-owned electric utilities collect funds from customers through a surcharge on customers' bills. The SBC program is administered by NYSERDA and funds numerous programs to improve the state's transmission and distribution infrastructure. The program goals include improving system-wide reliability and increasing peak-electricity reductions through end-user efficiency actions; improving energy efficiency and access to energy options for under-served customers; reducing the environmental impacts

WPPSEF Offers Conventional Financing that ranges from $25,000 to $1,000,000 and ACT 129 Micro Loans that range from $10,000 to $50,000. For more information on these programs please visit the website above.

The West Penn Power Sustainable Energy Fund (WPPSEF) promotes the use of renewable energy and clean energy among commercial, industrial, institutional and residential customers in the West Penn market region. Eligible technologies include solar, wind, low-impact hydro, sustainable biomass such as closed-loop biomass and biomass gasification, and innovative natural gas technologies as well as energy efficiency. Clean energy refers to advanced technologies, including landfill gas and fuel cells

FirstEnergy (formerly GPU) established the Metropolitan Edison Company (Met-Ed) Sustainable Energy Fund in 2000 with an initial contribution of $5.7 million. The fund later received an additional contribution of $2.5 million as a result of the merger between GPU Energy and FirstEnergy, bringing the total to $8.2 million. The fund is administered by the Berks County Community Foundation. The majority of funding available from the Metropolitan Edison Company SEF takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments, but a limited number

Note: The One Big Beautiful Bill (OBBB) repealed the ability for "energy property" to qualify for the 5-year Modified Accelerated Cost-Recovery System (MACRS). Instead, the OBBB permanently restored 100% bonus depreciation in year one. The summary below discusses MACRS as it existed for energy property prior to the enactment of the OBBB. 

Prior to the OBBB, The Tax Cuts and Jobs Act of 2017 increased bonus depreciation to 100% for qualified property acquired and placed in service after September 27, 2017 and before January 1, 2023. Bonus depreciation steps down by 20% each year beginning with 80% in

Note: The One Big Beautiful Bill (OBBB) made significant changes to this tax credit. To qualify for the tax credit, solar and wind energy systems must be either placed in service by December 31, 2027, or construction must commence by July 4, 2026. Additionally, the tax credit is not available for systems that commenced construction after December 31, 2025 if the facility or property includes any material assistance from a prohibited foreign entity.

The tax credit for non-solar and wind technologies (combined heat and power, energy storage, hydropower, and geothermal) will experience the following step-down in value:

• Construction commences

In May 2001, Washington enacted legislation (EHB 2247) that requires all electric utilities serving more than 25,000 customers to offer customers the option of purchasing renewable energy. Eligible renewables include wind, solar, geothermal, landfill gas, wave or tidal action, wastewater treatment gas, certain biomass resources, and "qualified hydropower" that is fish-friendly.

Beginning January 1, 2002, each electric utility must inform its customers on a quarterly basis of the voluntary option to purchase green power. The details of each utility's program must be approved by the state, and annual reports must be submitted from October 1, 2002, to October 1, 2012

Note: Systems entering service on or after January 1, 2021 cannot qualify for this credit. The credit will no longer be available for all systems beginning in 2022.

For tax years beginning on or after January 1, 2003 and before December 31, 2021, a state income tax credit is available to producers of electric power using renewable energy resources from a zero-emission facility located in Oklahoma. The zero-emission facility must have a rated production capacity of 1 megawatt or greater. The facility must be placed in operation after June 4, 2001, and the electricity must be sold to an unrelated

FirstEnergy (formerly GPU) established the Metropolitan Edison Company Sustainable Energy Fund and the Penelec Sustainable Energy Fund in 2000. The Community Foundation for the Alleghenies in Johnstown, Pennsylvania administers the Penelec loan and grant components of the Fund, which has assets of approximately $9.1 million. The majority of funding available from the fund takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments. The program is open to any individual, organization, governmental entity, or corporation. Penelec Sustainable Energy Fund and Metropolitan Edison Sustainable