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Tax Credits for Microgrid Property: Boosting Energy Resilience.

This bill introduces new tax credits for individuals and organizations investing in microgrid systems. The aim is to enhance energy independence and resilience against power outages, especially in vulnerable communities. This can lead to more stable energy supplies and potentially lower utility costs for citizens.
Key points
New tax credits for individuals and businesses building microgrid systems that can operate independently from the main power grid.
Eligibility for tax refunds on investments in microgrid controllers and electrical distribution equipment.
Credits available to homeowners, non-profit organizations, state and local governments, and Indian tribal governments, supporting community energy security.
The tax credit program will be in effect until the end of 2028, with a decreasing credit percentage in later years.
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Additional Information
Print number: 117_HR_2482
Sponsor: Rep. Panetta, Jimmy [D-CA-20]
Process start date: 2021-04-13