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The New Home Energy Efficiency Act (S.B. 2595 and H.R. 4646) was introduced Oct. 15 and includes a provision to reinstate and increase the Internal Revenue Code Section 45L credit for energy efficient new homes.
Members of the House Ways and Means Committee Nov. 19 released a discussion draft and section-by section summary of the Growing Renewable Energy and Efficiency Now (GREEN) Act.
Rep. Tom Reed, R-N.Y., and five colleagues introduced the Energy Sector Innovation Credit Act of 2019. The legislation, H.R. 5523, would create a technology-neutral tax credit for clean energy production and storage. It would create a tax credit for 30 percent of the basis of any qualified emerging energy property placed in service during a taxable year.
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