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New Tax Credit for Efficient Combined Heat and Power Systems

This bill establishes a new tax credit for businesses and property owners who invest in combined heat and power (CHP) systems. The aim is to encourage the adoption of more energy-efficient technologies, potentially lowering operational costs and supporting environmental goals. Citizens may indirectly benefit from reduced business energy costs and improved environmental quality.
Key points
A new 10% tax credit for the cost of qualified combined heat and power (CHP) system property.
An additional 10% bonus credit for systems made with domestic content and for projects located in designated "energy communities."
Applies to systems that simultaneously generate electricity/mechanical power and useful heat, meeting specific efficiency standards.
The changes apply to property construction beginning after December 31, 2024.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3531
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2025-12-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Internal Revenue Code of 1986 to establish a tax credit for qualified combined heat and power system property, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3531.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-12-17.

What are the main provisions?

Key points include:

  • A new 10% tax credit for the cost of qualified combined heat and power (CHP) system property.
  • An additional 10% bonus credit for systems made with domestic content and for projects located in designated "energy communities."
  • Applies to systems that simultaneously generate electricity/mechanical power and useful heat, meeting specific efficiency standards.
  • The changes apply to property construction beginning after December 31, 2024.
What is the specific legal status?

The current status is Introduced.

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 Sen. Blackburn, Marsha [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-15.

CATEGORIES

Taxes Environment Economy