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State incentives

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AB 2647 advanced nuclear reactor moratorium exemption (proposed)PROPOSEDWould exempt NRC-licensed advanced reactors, including fusion systems, from the state's prohibition on new nuclear fission thermal power plants and require a CEC assessment of advanced nuclear's role by July 1, 2027; the bill does not mandate nuclear investment.mandate or standard · Nuclear
CAEATFA sales and use tax exclusion for alternative energy manufacturing equipmentThe California Alternative Energy and Advanced Transportation Financing Authority offers a sales and use tax exclusion to manufacturers buying equipment to produce alternative energy products, which can include storage, geothermal and hydrogen-related equipment, subject to CAEATFA approval.tax credit · Geothermal, Storage, Hydrogen, Fusion, Critical minerals · Sales and use tax exclusion on qualifying equipment (rate not stated in sources reviewed)
Centralized procurement of up to 1 GW geothermal and up to 2 GW long-duration storage (DWR as central procurement entity)CPUC directed DWR, through its Statewide Energy Office, to run solicitations for geothermal and long-duration storage on behalf of ratepayers, with geothermal solicitations beginning in 2027 and storage solicitations in 2026.mandate or standard · Geothermal, Storage · Up to 1 GW geothermal (commissioning 2031-2037); up to 2 GW long-duration storage (1 GW at 12+ hours, 1 GW multi-day)
Clean electricity targets (Executive Order N-33-25; SB 100 framework)Sets statewide targets for clean electricity that broadly count zero-carbon resources such as geothermal, storage and, under the state's ongoing review, nuclear and transmission-enabled clean power.mandate or standard · Geothermal, Nuclear, Storage, Transmission · 90% clean electricity by 2035; 100% clean by 2045
Clean Transportation Program (hydrogen infrastructure funding)The California Energy Commission funds hydrogen refueling infrastructure along with electric vehicle infrastructure, medium- and heavy-duty vehicles, and workforce development, with hydrogen training and refueling under consideration in the 2026-2027 plan.grant · Hydrogen · Not stated in sources reviewed; 2026-2027 Investment Plan in development
CPUC clean energy and storage procurement order (Feb. 26, 2026 IRP decision)Requires load-serving entities, including IOUs, electric service providers and community choice aggregators, to contract for new clean generation (including geothermal) and storage, with at least 25% from clean firm and/or long-duration storage resources.mandate or standard · Geothermal, Storage · 6,000 MW net qualifying capacity: 2,000 MW by June 2030 and further tranches through 2032
Geothermal Grant and Loan ProgramThe California Energy Commission awards competitive grants (not loans under current solicitations) for geothermal technology, exploration and development, local planning, impact mitigation, and lithium/mineral recovery from geothermal brine, open to businesses, individuals, public agencies and tribal governments.grant · Geothermal, Critical minerals · Funded from the Geothermal Resources Development Account; e.g., GFO-25-902 cost-share solicitation estimated at $3,000,000 (50% match)
SB 86 (2025) fusion financing authority for CAEATFAChapter 211, Statutes of 2025, authorized CAEATFA to provide financing for generation facilities using nuclear fusion technology.loan · Fusion · Not stated in sources reviewed
Self-Generation Incentive Program (SGIP) storage incentivesCPUC-administered rebates for customer-sited energy storage; the CPUC added storage to SGIP and redirected SGIP funds toward equity storage projects.rebate · Storage · Not stated in sources reviewed
State Mining and Geology Board critical mineral definition and Critical Minerals Committee (pre-rulemaking)PROPOSEDThe State Mining and Geology Board launched pre-rulemaking to define critical minerals vital to California's energy transition and formed a committee to review mining regulations, including metallic mine backfill rules, for critical mineral supply; no financial incentive has been adopted.other · Critical minerals