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Support for Clean Energy Manufacturing: Tax Credit Extended, New Funds Available

This bill extends a tax credit for companies that manufacture clean energy equipment. It provides billions of dollars to support such projects through 2026, requiring companies to pay local prevailing wages for construction work.
Key points
Extends a tax credit for manufacturers of clean energy technology until 2026.
Allocates $2.5 billion annually (2022-2026) to support eligible projects.
Requires companies to pay local prevailing wages for construction workers on supported projects.
Prioritizes projects that manufacture components and are ready for market deployment.
Includes electrochromatic glass as an eligible technology.
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Additional Information
Print number: 117_HR_507
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2021-01-28