Arizona Offers Aggressive Incentives for Renewable Energy Companies
The Arizona Commerce Authority will promote new incentives and business opportunities available to companies at Intersolar North America, the leading annual solar industry exhibition and conference in San Francisco, July 12-14. The state is home to more 100 significant solar energy businesses, including the world’s two largest solar companies, First Solar and Suntech.
Incentives for renewable energy companies in Arizona include:
- Up to 10% of capital investments as a refundable income tax credit,
- Arizona Competes deal closing fund,
- Income tax credits up to $9,000 for each quality new job,
- Up to $1.5 million in reimbursable grants to train employees,
- Up to 34% R&D tax credit, and
- Significant business tax reductions including lowering the state income tax from 6.97% to 4.9%.
- For more information on solar opportunities and incentives in Arizona visit www.azcommerce.com and www.azsolarstate.com.
DTE Energy and Mercy High School in Farmington Hills have announced the signing of a 20-year agreement that will provide the utility’s customers with solar power. The 400-kilowatt, $2.5 million photovoltaic system will be installed using 125,000 square feet of roof on the high school at 11 Mile and Middlebelt roads. The installation is part of DTE Energy’s $100 million pilot SolarCurrents program that calls for 15 MW of solar PV systems to be installed on customer rooftops or property over the next four years throughout Southeast Michigan. Mercy High School and other customers that participate will get an annual credit on their energy bills, as well as a one-time, upfront construction payment to cover any inconvenience during installation.
Johnson Controls has completed their acquisition of EnergyConnect Group, Inc., a leading provider of smart grid demand response services and technologies. The acquisition was completed on July, 1, 2011. Adding EnergyConnect to it’s platform enables Johnson Controls to help building owners and operators manage how much energy their buildings consume and when the energy is consumed – a critical feature of connecting smart buildings to the smart grid. EnergyConnect’s demand response technology and service platform provides energy managers and facility operators real-time energy information and access to energy markets, enabling them to manage their energy usage. EnergyConnect’s GridConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid’s efficiency and reliability.