Industrial Efficiency Incentive Act: Rebates for Greener, Cheaper Operations
This act establishes a rebate program for industrial facilities investing in energy and water efficiency improvements and emission reductions. The goal is to lower operational costs for businesses, create new jobs, and improve air and water quality, indirectly benefiting citizens' health and finances.
Key points
Companies can receive rebates for purchasing and installing technologies that reduce energy or water use by at least 20% or replace fossil fuels.
Larger rebates for small businesses (up to 40% of costs) and additional bonuses for US-made technologies (15%) and switching to zero-carbon energy sources (10%).
The government will identify the 3,000 highest-emitting industrial facilities and offer them free energy assessments and support for efficiency improvement plans.
A public database will be created listing eligible technologies and application instructions, making the program more accessible to businesses.
Expired
Additional Information
Print number: 117_HR_9046
Sponsor: Rep. Doyle, Michael F. [D-PA-18]
Process start date: 2022-09-29