Varies
Amount varies
Subsidy
Ongoing cost support
Rolling
No fixed cutoff
Rolling
No fixed cutoff
Moderate
Standard state application
Washington's Climate Commitment Act is a cap-and-invest program requiring large emitting businesses to purchase allowances for their greenhouse gas emissions through quarterly auctions. Revenue from allowance sales is reinvested into carbon reduction programs. The program aims to achieve Washington's goal of reducing emissions 95% below 1990 levels by 2050.
Am I eligible?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must be among Washington's largest emitting entities
2.Must purchase allowances equal to covered greenhouse gas emissions
3.Participate in quarterly auctions hosted by Department of Ecology
4.Can buy/sell allowances on secondary market
5.Subject to state's greenhouse gas emission reduction targets
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
APS · Phoenix Metro, AZ
Compensates APS commercial and industrial customers for voluntarily reducing electricity use during peak demand periods, providing bill credits and annual payments to help APS manage grid reliability.