Industry Recruitment/Support

From Open Energy Information

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To promote economic development and the creation of jobs, some states offer financial incentives to recruit or cultivate the manufacturing and development of renewable energy systems and equipment. These incentives commonly take the form of tax credits, tax exemptions and grants. In some cases, the amount of the incentive depends on the amount of eligible equipment that a company manufactures. Most of these incentives apply to several renewable energy technologies, but a few states target specific technologies, such as wind or solar. These incentives are usually designed as temporary measures to support industries in their early years, and they commonly include a sunset provision to encourage the industries to become self-sufficient.

Source: DSIRE Database of State Incentives for Renewables & Efficiency