TCS Databases

A Taxpayers for Common Sense Project

Category: IRA

  • Renewable electricity investment tax credit (ITC)

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    Agency: Department of the Treasury   Description: Tax credit for solar, geothermal, fuel cell, microturbine, combined heat and power, wind, and waste energy recovery property; plus new provisions for energy storage technology, biogas, and microgrid controllers. Bill Section: 13102 US Code: 26 USC 48 New or Existing: Existing Potential Cost:      $14,000,000,000 Timeline:      Beginning…

  • Assistance for Latest and Zero Building Energy Code Adoption: Zero Energy Code

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    Agency: Department of Energy – Office of State and Community Energy Programs   Description: For grants to States and local governments to adopt building energy codes for residential and commercial buildings that meet or exceed the zero energy provisions in the 2021 International Energy Conservation Code or an equivalent code. Grants may be for new…

  • Biodiesel tax credit

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    Agency: Department of the Treasury   Description: Tax credit of $1/gallon for biomass-based diesel (biodiesel and renewable diesel) fuel, plus tax credit for alternative fuels Bill Section: 13201 US Code: 26 USC 40A New or Existing: Existing Potential Cost:      $5,600,000,000 Timeline:      Calendar years 2023-2024, with costs incurred in FY23-25   TCS Notes: Most…

  • Home Efficiency Rebates

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    Agency: Department of Energy – Office of State and Community Energy Programs   Description: Formula grant program for States to develop and implement a Home Owner Managing Energy Savings (HOMES) rebate program for whole-house energy saving retrofits begun on or after August 16, 2022 and completed by September 30, 2031. States must include plans to…

  • CCS/45Q tax credit

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    Agency: Department of the Treasury   Description: Tax credit for carbon oxide captured and sequestered. Bill Section: 13104 US Code: 26 USC 45Q New or Existing: Existing Potential Cost:      $3,200,000,000 Timeline:      Through 2032   TCS Notes: The Joint Committee on Taxation (JCT) estimated that the IRA’s expansion of the 45Q tax credit would…

  • Home Electrification and Appliance Rebates

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    Agency: Department of Energy – Office of State and Community Energy Programs   Description: $4.275 billion formula grant program for States and $225 million grant program for Indian Tribes to “develop and implement a high-efficiency electric home rebate program” for low- or moderate-income households (total annual income less than 150% the median income of the…

  • Cellulosic tax credit

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    Agency: Department of the Treasury   Description: $1.01/gallon tax credit for production of cellulosic based biofuel. Bill Section: 13202 US Code: 26 USC 40 New or Existing: Existing Potential Cost:      $540,000,000 Timeline:      Calendar years 2022-2024 (2022 is retroactive). Cost projection is for FY23-25.   TCS Notes: The cellulosic biofuel industry was intended to…

  • State-Based Home Energy Efficiency Contractor Training Grants

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    Agency: Department of Energy – Office of State and Community Energy Programs   Description: For financial assistance to States to develop and implement training and education programs for contractors involved in the installation of home energy efficiency and electrification improvements. States may use funds to reduce the cost of training contractor employees; to provide testing…

  • Green and Resilient Retrofit Program (GRRP)

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    Agency: Department of Housing and Urban Development   Description: For loans, grants, contracts, or cooperative agreements to properties assisted by the Department of Housing and Urban Development (HUD) to improve energy or water efficiency, enhance indoor air quality or sustainability, implement the use of zero-emission electricity generation, low- emission building materials or processes, energy storage,…

  • Climate Change Technical Assistance for Territories

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    Agency: Department of the Interior   Description: To provide technical assistance for climate change planning, mitigation, adaptation, and resilience to American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, the Commonwealth of Puerto Rico, and the United States Virgin Islands. Bill Section: 50241 New or Existing: New Potential Cost:      $15,000,000 Timeline:      FY22-26…