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Tax Credit Extension for Smart Glass: Supporting Building Energy Efficiency.

This Act extends the energy tax credit for businesses and individuals installing electrochromic glass in structures. This specialized glass uses electricity to change its light transmittance, effectively helping to heat or cool a building and reducing overall energy consumption. The extension makes investments in energy-efficient building technologies more financially attractive, potentially lowering long-term operational costs for property owners.
Key points
Tax Credit Extension: The energy credit for electrochromic glass (smart glass) is extended.
Construction Deadline: The credit applies to projects where construction begins before January 1, 2033.
Benefit for Citizens: Continued financial incentives for adopting technologies that reduce energy bills in homes and businesses.
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Additional Information
Print number: 118_S_4730
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2024-07-23