OK Canada, it is your move now. Do something similar.
By Elisa Wood
The microgrid tax credit cleared the US House of Representatives in a vote approving President Joe Biden’s Build Back Better Act (H.R. 5376).
The 30% tax credit would apply to microgrid controllers for projects that begin construction before Jan. 1, 2027.
It is part of a roughly $2 trillion plan that provides an array of boosters for clean energy and spending on social programs.
The bill now goes to the Senate where its fate remains uncertain.
The microgrid tax credit emerged from the MICROGRID Act, which was introduced by California Congressman Jimmy Panetta, D-Carmel Valley. As a member of the House Ways and Means Committee, Panetta secured the act’s microgrid tax provisions in the Build Back Better plan.
Following this morning’s vote, Panetta said that the tax credit will help municipalities and essential industries build and deploy microgrids. His state, California, has been particularly hard hit by power outages related to wildfires and grid issues.
“As California communities, especially those on the Central Coast, continue to experience power failures and shutoffs due to wildfires and other emergencies driven by extreme weather events, we need to make our communities more resilient. Expanding and deploying microgrids will provide a cleaner, more reliable way to keep our homes and critical infrastructure powered when the grid fails, protecting our families and keeping our businesses running,” said Panetta.
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