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LEGISLATION WOULD REQUIRE 85 PERCENT DOMESTIC CONTENT TO BE ELIGIBLE FOR PTC, ITC

Monday, April 15, 2013 - 7:00AM

Rep. John Garamendi, D-Calif., last week introduced H.R. 1524, the Make It In America: Create Clean Energy Manufacturing Jobs in America Act. H.R. 1524 would require that, within three years of the bill’s enactment, 85 percent of a renewable energy facility be manufactured in the United States to be eligible for renewable energy production or investment tax credits. Rep. Garamendi introduced a similar bill, H.R. 487, in Feb. 2011.

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