Massachusetts
Incentives/Policies for Renewables & Efficiency
|
 |
Last DSIRE Review: 02/24/2009
| Incentive Type: |
Industry Recruitment/Support |
| State: |
Massachusetts |
| Eligible Renewable/Other Technologies: |
Solar Thermal Electric,
Photovoltaics,
Landfill Gas,
Wind,
Biomass,
Hydroelectric,
Fuel Cells,
Municipal Solid Waste,
Power inverters, other related equipment,
Anaerobic Digestion,
Tidal Energy,
Wave Energy,
Ocean Thermal
|
| Applicable Sectors: |
Commercial,
Industrial
|
| Amount: | Varies |
| Max. Limit: | Up to $500,000 per company per 12-month period. |
| Terms: | Must be a private entity based in Massachusetts that has not received private institutional equity financing; requires a 1:1 cash match |
| Massachusetts Renewable Energy Trust Fund |
|
Web Site: |
http://www.masstech.org/SEED
|
|
|
Summary:
The Massachusetts Sustainable Energy Economic Development (SEED) Initiative provides financial assistance to support renewable-energy companies in the early stage of development. Applicants are companies that generally have a unique technology but have not yet demonstrated commercial viability to an extent sufficient to attract venture capital. Awards of up to $500,000 are available as a convertible loan on a competitive basis. SEED accepts applications on an open enrollment basis.
The SEED Initiative was developed by the Massachusetts Technology Collaborative (MTC), the administrator of the state's Renewable Energy Trust Fund. Since 2004, the Massachusetts Renewable Energy Trust has invested over $4.9 million in Massachusetts-based renewable energy companies through the SEED Initiative.
|
|
Contact:
| |
Sissi Liu
Massachusetts Technology Collaborative
Renewable Energy Trust
75 North Drive
Westborough, MA 01581
Fax: (508) 898-9226
Web Site: http://www.masstech.org
|
|
|
|
 |
Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
|
