Green Energy Tax Credit: $1,500,000/tax year for $250 million in capital investment
The incentive is based on how much less the manufacturer pays for electricity than the maximum certified rate.
In addition to the Green Energy Tax Credit, the Carbon Tax Credit is available. This is the only carbon tax credit in the United States and it provides "certified green energy supply chain manufacturers" with financial protection against any potential price that may be placed on carbon emissions by future legislation. To learn more about these credits, which can be applied against the sum total of the taxes imposed by the Franchise Tax Law compiled in this part and the Excise Tax Law, see this guide.