Solar & Battery Regulation & Incentive Programs

Green Energy Tax Credit

Program Overview


Category:
Financial Incentive
Program Type:
Industry Recruitment/Support
Implementing Sector:
State
State:
Tennessee
Incentive Amount:
The incentive is based on how much less the manufacturer pays for electricity than the maximum certified rate.
Maximum Incentive:
Green Energy Tax Credit: $1,500,000/tax year for $250 million in capital investment
Terms:
The investment must equal at least $250 million within three years. The tax credit is applied against the Franchise and Excise Tax.
Administrator:
Tennessee Department of Revenue
Applicable Sectors:
Industrial
Start Date:
11/01/2009
Expiration Date:
01/01/2029
Last Updated:
07/17/2020

Summary

Tennessee provides tax credits to industries in the green energy supply chain that invest more than $250 million into the state. The Department of Revenue, Department of Economic and Community Development as well as the Department of Environment and Conservation are authorized to certify “green energy supply chain manufacturers” as eligible for the Green Energy Tax Credit. The $1.5 million maximum credit is applied to a company's Franchise and Excise Tax liability.


Authorities

NameEnacted DateEffective DateExpired Date
Tenn. Code § 67-4-2109