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                      Fill 29
                      11.20.2024

                      Why efficient CHP systems should qualify for the IRA technology-neutral tax credits: the CHP Alliance proposal

                      Market and policy

                      The CHP Alliance has submitted a proposal to the U.S. Department of the Treasury outlining the reasons why efficient CHP cogeneration systems should qualify for IRA’s technology neutral tax credits starting in 2025. Three main points are highlighted in the proposal: that the intent of Congress was to also open tax credits to natural gas CHP systems; that the terminology on net greenhouse gas emissions should be interpreted more broadly; that other terms used in the statute may also be misunderstood, leading to CHP being included for tax credits.

                      Original language: English
                      Origin: USA

                      Speaker

                      Devin Hall
                      Managing Partner, Energy Crowe

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