Kansas Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 05/10/2012
Program Overview:
| State: |
Kansas |
| Incentive Type: |
Industry Recruitment/Support |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Thermal Electric, Photovoltaics, Wind |
| Applicable Sectors: |
Commercial, Industrial |
| Amount: | Varies |
| Maximum Incentive: | $5 million |
| Terms: | Manufacturers must meet minimum requirements for investment in the state, number of employee, and salaries |
| Expiration Date: | 07/01/2013 |
| Web Site: |
http://www.kansascommerce.com/index.aspx?NID=135
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Authority 1:
Date Enacted:
Expiration Date:
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Kansas Statute 74-50,136
04/06/2009
07/01/2013
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Summary:
Manufacturers of solar or wind equipment or components in Kansas may be eligible for financing through the Kansas Department of Commerce to support research, development, engineering or manufacturing projects. To qualify, the project must result in at least $30 million in new investments in Kansas, and the hiring of at least 200 new employees within five years, with an average annual compensation of at least $32,500 per Kansas employee.
The manufacturer must apply for financing to the Kansas Department of Commerce, which will request that the Kansas Development Finance Authority issue bonds to finance the project. Individual solar or wind projects are eligible for up to $5 million in financing. The principal and interest of the bonds are retired using the payroll tax withholding from the new jobs.
More information is provided by this Kansas Business Center brochure. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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