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Renewable Energy Support: New Direct Payment Option for Investments

This act amends tax laws to allow businesses and other entities to receive direct payments instead of tax credits for renewable energy investments. This aims to simplify financing for green energy projects, potentially increasing the availability of clean energy and possibly lowering costs for consumers in the long run.
Key points
Businesses and organizations investing in renewable energy can now opt for a direct payment from the government instead of traditional tax credits.
This change makes it easier to finance solar, wind, and other renewable energy projects, even if the entity does not have sufficient tax liability to utilize the full credit.
The provisions also apply to state and local governments, as well as Indian tribal governments, enabling them to receive direct financial support for green energy investments.
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Additional Information
Print number: 117_HR_3180
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2021-05-13
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Renewable Energy Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3180.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-13.

What are the main provisions?

Key points include:

  • Businesses and organizations investing in renewable energy can now opt for a direct payment from the government instead of traditional tax credits.
  • This change makes it easier to finance solar, wind, and other renewable energy projects, even if the entity does not have sufficient tax liability to utilize the full credit.
  • The provisions also apply to state and local governments, as well as Indian tribal governments, enabling them to receive direct financial support for green energy investments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Blumenauer, Earl [D-OR-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Environment Public Investments