Offshore Wind 2025 Tax Incentives

The Massachusetts Clean Energy Center (MassCEC) is offering the Offshore Wind Tax Incentive Program to support the development of a robust offshore wind supply chain within the Commonwealth. The program will provide up to $35,000,000 in tax credits over a 5-year period commencing in tax year 2025 to certified companies engaged in offshore wind development, manufacturing, or commercialization.

Eligible entities must be business corporations, partnerships, firms, unincorporated associations, or other entities engaged in offshore wind development, manufacturing, or commercialization in Massachusetts and subject to taxation under Massachusetts General Laws chapters 62 or 63. The program includes a certification process for eligible applicants to become Certified Offshore Wind Companies.

MassCEC-certified offshore wind companies may be eligible for three types of tax incentives: (1) a one-year partially refundable credit for creation of at least 10 net new permanent full-time employees; (2) a five-year refundable credit for facility owners with qualified total capital investments of at least $35,000,000 and at least 200 net new full-time employees by year five; and (3) a five-year refundable credit for facility tenants leasing at least 25% of leasable square footage with at least 50 net new full-time employees by year five.

Applications must be submitted electronically in PDF format to offshorewind@masscec.com with "Offshore Wind Tax Incentives" in the email subject line by March 27, 2026 at 4:00 pm ET. Award notifications are expected after July 1, 2026. The program was released in January 2026 with tax credit claims available after July 1, 2024.