Solar and Wind Manufacturing Incentive
Administered by: Kansas Department of Commerce
Program Details
- Program ID
- 3437
- Expiration Date
- 7/1/2013
- Last Updated
- 7/14/2021
Eligibility
Program Summary
This program is no longer available. 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 $30,000,000 in new investments in Kansas and the hiring of at least 200 new employees within 5 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 $5,000,000 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.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.