Businesses
Government-funded
$25K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides $3,500 per new full-time job (and $500 per $5,000 in eligible equipment purchases) in non-refundable income tax credits to qualifying small businesses. Designed for businesses with 50 or fewer employees.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must have 50 or fewer full-time employees at time of application
2.Must create at least 1 new full-time job that pays at least the federal minimum wage
3.Purchase qualifying equipment, technology, or machinery
4.Application submitted within 18 months of hiring/purchase
5.Retail businesses and professional services excluded
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
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.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).