Bill extends tax credits for energy-efficient residential and commercial property through 2021
WASHINGTON — U.S. Rep. Mike Thompson, D-California, a senior member of the House Ways and Means Committee, introduced HR 2412, the New Energy for America Act, which extends Investment Tax Credits (ITCs) for energy-efficient residential and commercial property for five years beyond their current sunset date of Dec. 31, 2016, through the end of 2021.
Starting in 2008, the ITC helped the geothermal heat pump (GHP) industry survive the Great Recession. As the economy and construction industry slowly recover, HR 2412 would extend ITC credits for several clean energy technologies, including geothermal heating and cooling systems, solar, fuel cells, microturbines, combined heat and power (CHP), and small wind.