The Climatetech Tax Incentives Program (CTIP) provides tax incentives to certified climatetech companies engaged in climatetech research, development, innovation, manufacturing and deployment in Massachusetts. The program offers three types of tax incentives: (1) Job Creation - a one-year partially refundable credit against tax liability for the creation of not less than five net new permanent full-time employees; (2) Capital Investment/Owning - a five-year refundable credit for an owner of a climatetech facility against tax liability for up to 50% of qualified total capital investment of not less than $5,000,000 in the facility with employment of not less than 50 net new full-time employees by the fifth year of the compliance period; (3) Capital Investment/Leasing - a five-year refundable credit for a tenant of a climatetech facility against tax liability, provided the owner has made a qualified total capital investment of not less than $5,000,000, the tenant leases and occupies at least 25% of the total leasable square footage, and the tenant will employ not less than 13 full-time employees at the facility by the fifth year. MassCEC may authorize up to $30,000,000 of tax incentives per calendar year. Incentives are given over a one-to-five year period. The program supports the Massachusetts Climatetech Economic Development Strategy and Implementation Plan (2025) and was launched under the Mass Leads Act (2024).