Green Business Bureau Blog
State Incentives for Green Business in Wyoming
On July 10, 1890, Wyoming became the 44th state in the Union. Wyoming was famous for being the first state to have woman suffrage and refused to join the union so long as this was forbidden. Its territorial legislature declared: “We will remain out of the Union a hundred years rather than come in without the women.”
To commemorate Wyoming’s admission day, we’ve assembled a list of state incentives for businesses in Wyoming to go green. This list is by means all inclusive, so be sure to check out other options available.
Sales tax incentive – 100% tax exemption on the sale of equipment used to generate electricity from renewable resources. Eligible equipment includes Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Small Hydroelectric, and Fuel cells using Renewable Fuels. Renewable technology must generate electricity to qualify.
Small Business Energy Audit – This matching grant provides 75% of up to $4,000 for a level 2 energy audit. It is open to all who meet the the SBA definition for small business. Topics include building shell, lighting, HVAC and process energy. Manufacturers may use the audit to qualify for sales tax abatement on energy used in the manufacturing process.
Utility Loan Program – Powder River Energy Corporation offers two different loan programs with 0% interest and repayment of up to 36 months for qualified PRECorp members. The Conservation Loan Program offers up to $2,500 to members to encourage and help finance projects related to energy efficiency and conservation. A number of different measures can be taken, including upgrading or installing new energy efficient appliances and HVAC systems, or renewable electric systems such as solar, wind or hydro generation. The Renewable Energy Loan Program provides similar financing for those looking to install Photovoltaics, Wind, and Small Hydroelectric.
Utility Rebate Programs – There are a variety of utility rebate programs offered which cover new construction and retrofitting. Incentives and amounts vary, but one company offers savings for those who exceed energy code of $0.12/kwh annual energy savings plus $50/KW average monthly on-peak demand savings. Another has up to $7,500 available for energy efficient pumps and water heaters.
For a complete list of incentives, visit www.dsireusa.org.
For a list of stimulus energy funds for which you might qualify, and for more information about the energy program in the state of Wyoming, visit: www.wyomingbusiness.org/economic_stimulus/energy_efficiency.aspx