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Industry Support: Rebates for Energy-Efficient Electric Technologies

This act establishes a rebate program for businesses replacing old, fossil fuel-fired technologies with new, energy-efficient electric equipment. The goal is to increase energy efficiency and reduce pollution, potentially leading to lower production costs and a cleaner environment. The program also supports job creation with fair wages.
Key points
Businesses can receive rebates of 30% to 50% of the cost of purchasing and installing new electric technologies that replace fossil fuel-fired equipment.
Rebates are available for industrial and manufacturing facilities, commercial buildings, and utility or energy service companies.
Technology replacement must result in energy savings, production efficiency gains, or environmental benefits.
A key condition is ensuring that workers installing new technologies are paid wages consistent with local market rates.
The act authorizes $100 million annually for this program from 2022 through 2026.
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Additional Information
Print number: 117_HR_2369
Sponsor: Rep. Norcross, Donald [D-NJ-1]
Process start date: 2021-04-05