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Funding Resources
Funding Resources
| MI Alternative Energy Property Tax Exemption | |
|---|---|
| Type of Incentive | Tax |
| Eligible States | MI |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award | Alternative energy personal property" certified by the NextEnergy Authority and located in the NextEnergy Zone is exempt from the collection of personal property taxes. This exemption includes: (1) "Alternative energy systems" less than 2 MW, or integrated combinations of alternative energy systems no greater than 10 MW; (2) "Alternative energy vehicles;" (3) Personal property of an "alternative energy technology" business, and; (4) Personal property of a business not engaged in alternative-energy technology that is used solely for the purpose of researching, developing or manufacturing alternative-energy technologies. The tax exemption applies not only to companies engaged in the manufacturing or research and development of alternative energy technologies, but also to nonresidential alternatvie technology owners. |
| Start Date | 1/1/2003 |
| End Date | 12/31/2012 |
| Minimum Efficiency(%) |
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| Additional Information | The exemption does not include real property, such as land and buildings, and the property must be new to Michigan, not previously subject to or exempted from Michigan taxation, and must be certified by the Michigan Next Energy Authority. The NextEnergy Zone, located in Detroit at Wayne State University Research and Technology Park, is the home the NextEnergy Center. The Center includes laboratory facilities, business incubator space, collaborative meeting space and other facilities that support Michigan's alternative-energy industry. |
| Web Site |
http://www.themedc.org/ redir.ashx?to=http%3A%2F%2Fref.themedc.org%2Fcm%2Fattach%2F75d7a008-450d-4973-a7cc-22cb2f5ee05f%2FMichiganNextEnergyAuth.pdf&from=http%3A%2F%2Fwww.themedc.org%2FProducts-Services%2FA-Z-Programs%2FDefault.aspx  |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=MI18F&state=MI&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Public Information-MEDC 300 North Washington Square Lansing, MI 48913 U.S.A. Public Information-MEDC (medcservices@michigan.org) (888) 522-0103 |