OR WAIT null SECS
The 10% federal Investment Tax Credit (ITC) for microturbines and combined heat and power (CHP) projects was extended through the end of 2023 in the recently passed COVID-19 stimulus bill.
The legislation also extended the production tax credit (PTC) for renewable electricity from open and closed-loop biomass through the end of 2021. The PTC can be used for 10 years after construction begins or can be converted to a one-time 30% investment tax credit.
In addition, the end of year omnibus budget bill included the CHP Support Act in the Energy Package, which re-authorizes the U.S. Department of Energy's CHP Technical Assistance Partnerships through fiscal year 2025, as well as a number of research programs related to distributed generation, CHP and microgrids. These programs include funding for industrial heat and improved efficiency with CHP, and for potential new fuels for CHP listed as priority areas.