40% Federal Investment Tax Credit
Secure Power for your Business
The new Energy Investment Tax Credit (ITC) is an incentive for the installation of combined heat and power (CHP) systems, solar, battery storage and more. The legislation increases the tax credit available to microturbine combined heat and power (CHP) projects to a minimum of 30% for projects that are placed in service or safe harbored by the end of 2024. This means that these projects may be more affordable than ever! The groundbreaking legislation includes additional incentives based on fuel source including biogas, renewable natural gas (RNG) and Hydrogen.