Economic Incentives for Indianapolis Businesses
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Billions of dollars in ne
w federal stimulus funding is now available for investment in renewable energy production and green building projects. A summary of some of these new incentives for energy producers and building owners was provided to workshop attendees and are downloadable here: Incentives 2009-09-28
Highlights include:
- Incentives for energy producers include tax credits, cash grants in lieu of tax credits, loan guarantees and tax-exempt bond financing through government or other tax-exempt organizations.
- Indiana Office of Energy grants of up to $100,000 for up to 50% of the cost of renewable energy systems. Although the deadline for these grants has now passed additional funding is expected by next July at the start of the state’s next fiscal year.
- City of Indianpolis Green Building Fund – zero interest loans and grants available for green building projects, subject to award of Energy Efficiency Community Block Grant funding is approved by the U.S. Department of Energy.
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