HR 5155
Waste Heat to Power Investment Tax Credit Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill creates a tax credit for investments in systems that generate electricity from waste heat. Specifically, it expands the existing energy tax credit to include ‘waste energy recovery property,’ which is defined as equipment that uses heat from buildings or machinery to produce electricity, provided the primary purpose of those buildings or equipment isn’t electricity generation. The credit initially offers a 30% rate, but with a phaseout beginning in 2026, reducing the percentage to 26% for projects starting before 2026 and 22% for projects starting before 2027, with a deadline of January 1, 2029, to be operational.
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Primary sponsor
Cosponsors
Donald S., Jr. Beyer
Earl Blumenauer
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