Congress May Extend Energy Tax Credits
Extension of various tax credits relating to energy may come up in the US Congress in the coming weeks, according to a blog posting on the Advanced Energy Economy website, citing several sources on Capitol Hill.
The following tax credit provisions that expired at the end of 2013 are up for discussion:
-Renewable Electricity Production Tax Credit (PTC; Section 45) with option to claim the Business Energy Investment Tax Credit (ITC 48) instead. The PTC ended on January 1 without Congressional action.
-Replace the ITC (Section 48) placed-in-service qualifying deadline with a commence construction standard.
-Energy-Efficient Appliance Manufacturing Credit (45M).
Photo: Wind farm via Shutterstock
- 2016 Environmental Leader Product & Project Awards
- The Corporate Sustainability Professional's Guide to Better Data Management
- 2016 Energy and Sustainability Predictions Findings from Facilities Professionals
- Advanced Rooftop-Unit Control (ARC) Retrofits: Field Demonstrations Validate Energy Savings
- 10 Tactics of Successful Energy Managers
- Four Key Questions to Ask Before Your Next Energy Purchase
- Improve Occupant Comfort & Reduce Energy Costs Through Humidity Control
- How the IoT is Reshaping Building Automation
- The New Energy Future - Challenges and Opportunities in Corporate Energy Management
- Building Energy Benchmarking & Transparency Laws