Maine businesses and organizations installing new wood/biomass boilers (or converting from fossil fuel) can receive incentives of 45% of equipment and installation costs, plus up to 20% more for emission controls or BTU meters; rolling applications.
TEIP provides financial incentives to Maine businesses, municipalities, educational institutions, governmental entities and nonprofits for new wood-fueled boiler projects that produce thermal energy and thermal renewable energy credits, including conversions of fossil fuel boilers and new installations or capacity expansions. Incentives are set at 45% of the combined cost of equipment and installation labor, with an additional 20% possible for advanced emission controls or BTU meters. The Trust accepts rolling applications (starting August 1, 2025) and reviews them in the order received as funding allows.
Businesses, municipalities, educational institutions, governmental entities and nonprofits located in Maine.
Projects must be new thermal energy-derived (wood or wood-derived biofuel boiler) projects; refurbishing or maintaining existing equipment alone is ineligible.
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