Bill Would Extend Investment Tax Credit

Tuesday, May 26, 2015 - 7:00am

Rep. Mike Thompson, D-Calif., last week introduced the New Energy for America Act (H.R. 2412), a bill to extend the renewable energy investment tax credit (ITC) for five years. The legislation would extend the ITC for solar energy, qualified small wind energy, qualified fuel cell, qualified microturbine, thermal energy and combined heat and power system properties that begin construction before Jan. 1, 2022.