Climatetech Tax Incentives
MassCEC awards up to $30 million annually in refundable tax credits to climatetech companies manufacturing or deploying clean energy, advanced materials, carbon management, or other climate solutions in Massachusetts—with credits covering job creation (5+ new hires), capital investment in owned facilities ($5M+ with 50 new employees by year five), or leased space (25%+ occupancy, 13+ employees by year five). Credits run one to five years and support the state's 2025 Climatetech Economic Development Strategy.
Important dates
-
Published
-
Submission deadline
Deadline passed
AI overview
The Climatetech Tax Incentives Program (CTIP) provides tax incentives to certified climatetech companies engaged in climatetech research, development, innovation, manufacturing and deployment in Massachusetts. The program offers three types of tax incentives: (1) Job Creation - a one-year partially refundable credit against tax liability for the creation of not less than five net new permanent full-time employees; (2) Capital Investment/Owning - a five-year refundable credit for an owner of a climatetech facility against tax liability for up to 50% of qualified total capital investment of not less than $5,000,000 in the facility with employment of not less than 50 net new full-time employees by the fifth year of the compliance period; (3) Capital Investment/Leasing - a five-year refundable credit for a tenant of a climatetech facility against tax liability, provided the owner has made a qualified total capital investment of not less than $5,000,000, the tenant leases and occupies at least 25% of the total leasable square footage, and the tenant will employ not less than 13 full-time employees at the facility by the fifth year. MassCEC may authorize up to $30,000,000 of tax incentives per calendar year. Incentives are given over a one-to-five year period. The program supports the Massachusetts Climatetech Economic Development Strategy and Implementation Plan (2025) and was launched under the Mass Leads Act (2024).
Resources & contact
Proposal Document
View proposal documentUnlock Full Access to Utility Proposals
You're viewing past opportunities. Start a free trial to see active RFPs right now, filter by your utilities, and get real-time alerts — no credit card required.
Already have an account? Log in