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Monday, May 3, 2021 - 8:30am Sens. Edward Markey, D-Massachusetts, Roger Wicker, R-Mississippi, and Michael Bennet, D-Colorado, introduced legislation to make electrochromic glass eligible for federal renewable energy investment tax credit (ITC). The Dynamic Glass Act would qualify for the ITC the glass in properties that begin construction between the enactment of the bill and Jan. 1, 2024. Electrochromic glass transitions between clear and variable tint when driving by an electric signal, which provides control over the amount of light and heat entering a building. A companion bill was introduced in the House of Representatives by Rep. Steven Horsford, D-Nevada. ....
Thursday, April 22, 2021 - 8:15am The Iowa Department of Revenue adopted amendments to the state’s solar energy system tax credits, effective May 26. The rules pertain to the relationship between Iowa’s solar energy system tax credit and federal energy credits. They also include a table of Iowa tax credit rates based on the solar property involved, the calendar year that construction starts and when the property is placed in service. The rules also provide for other issues, including the recomputation of the credit for solar installations that are used for both residential and business purposes. ....
Wednesday, April 21, 2021 - 2:00pm Sen. Ron Wyden, D-Ore., and 24 Democratic senators introduced legislation to consolidate current energy tax incentives into emissions-based incentives that would be available to all energy technologies that meet emissions reduction goals. The Clean Energy for America Act would create a production tax credit of up to 2.5 cents per kilowatt hour or an investment tax credit of up to 30% for any new zero-emissions facility. Capital grid improvements would also qualify for the investment tax credit. Similar bills were introduced in two previous sessions of Congress, but this bill includes stricter requirements to receive incentives, provides the option to claim the tax credits as direct payments and more. The Senate Finance Committee released a one-page summary and section-by-section summary of the legislation. ....
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