The Emerging Industry Sales and Use Tax Credit allows a taxpayer to take a credit, to apply for a refund of taxes paid, or to apply for authority to make tax-exempt purchases of machinery and equipment used to produce electricity in a certified green energy production facility. A certified green energy production facility is a facility certified by the Department of Environment and Conservation as producing electricity for use and consumption off the premises using clean energy technology.
The Tennessee Water Resources Information Act is designed to prevent the lowering of the ground water table by requiring that adequate information is obtained to document current demand for water and to project growth in that demand. No person shall withdraw 10,000 or more gallons of water per day from surface water or a groundwater source unless the withdrawal is registered and approved by the Commissioner of the Department of Environment and Conservation. The Water Withdrawal Registration Act is a part of the Tennessee Water Resources Information Act.
The Tennessee Small Business Company Credit Act offers $120 million in gross premiums tax credits to insurance companies that invest in companies certified by the State of Tennessee as TNInvestcos. Utilizing standardized criteria, Tennessee Department of Economic and Community Development (ECD) and the Tennessee Department of Revenue, in conjunction with the Tennessee Technology Development Corporation, will begin to award the credits to eligible companies in $20 million credit allocations no later than December 31, 2009.
The Tennessee Air Quality Act (AQA) delegates the power to maintain air quality in the State to the Department of Environment and Conservation. Under the Department of the Environment and Conservation the Division of Air Pollution Control is directed to maintain the purity of the air resources of the State of Tennessee consistent with the protection of normal health, general welfare, and physical property of the people while preserving maximum employment and enhancing the industrial development of the State.
The Tennessee Valley Authority (TVA) ''energy right'' In-Home Energy Evaluation Pilot Program encourages the installation of energy-efficiency improvements in existing single family dwellings. The program offers an in-home energy assessment as well as financing options and rebates/incentives to help homeowners who choose to make investments in significant energy efficiency improvements. Evaluations are performed by TVA-certified energy advisers and installed measures are inspected after installation.
The TVA energy right Water Heater Plan promotes the installation of high efficiency water heaters in homes and small businesses. TVA provides a $50 incentive to local power companies for each installation. Power Companies may pass these incentives on to customers.
Customers should contact their local power company to see what programs are offered.
The Tennessee Valley Authority (TVA) energy right New Homes Plan provides incentives for all-electric, energy-efficient new homes by offering graduated rebates for new homes. Homes built at least 7% better than code qualify for the entry level of the program while those built 15% better qualify as energy right Platinum or Platinum Certified (ENERGY STAR Certified). A variety of efficiency standards must be met in order to reach the specified levels. In addition, incentives are offered for advanced water heaters installed in new homes.
The Tennessee Valley Authority (TVA) energy right Heat Pump Plan provides financing to promote the installation of high efficiency heat pumps in homes and small businesses. Installation, performance, and weatherization standards ensure the appropriate sizing of equipment and operation of the system. TVA maintains a Quality Contractor Network (QCN) from which customers can choose an installer. Through a third-party lender, TVA provides financing for residential heat pumps with repayment on the customer’s electric bill and a term of up to 10 years.
The Tennessee Valley Authority (TVA) now compliments the small generation Green Power Providers Program by providing incentives for mid-sized renewable energy generators between 50kW and 20MW to enter into long term price contracts. The goal for total production from all participants is 100MW, with no more than 50MW from any one renewable technology.
'''''Note: TVA has approved enough applications to meet the MW goals for this program for 2013, and is no longer accepting applications. However, based on current project completion rates, TVA expects 2.5 MW of reserved capacity to come available in August due to reserved projects not meeting their six-month completion deadline. Of this total, 0.5 MW will be reserved for Fast Track projects less than 10 kW. Applications will be accepted starting August 1, 2013. '''''