Energy tax credits included in Senate budget deal

By District Energy posted 9 days ago

  

Gavin Bade, Utility Dive

Summary

The proposed budget deal pending a vote in the U.S. Senate includes an extensions to a variety of energy tax credits, including nuclear incentives vital to the completion of the sole reactor project under construction in the United States today. 

The proposed bill would lift the 2020 in-service deadline for nuclear facilities to qualify for tax credits and extend tax breaks for a variety of energy technologies, including combined heat and power, fuel cells, solar water heaters, geothermal heat pumps and more.

The budget deal must be passed by midnight Thursday to avoid a government shutdown, and the House is likely to oppose the inclusion of some energy tax extenders. 

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