May 04, 2022 Revised Build Back Better Legislation Could Extend and Modify the 45L Tax Credit
The new smaller version of the proposed Build Back Better legislation includes details that will extend and limit the 45L tax credit to Energy Star and Zero Energy Ready homes. The U.S. House Select Committee on the Climate Crisis met on April 7th and heard testimony from the American Public Gas Association, the Alliance to Save Energy, and the Building Performance Association. The committee agreed to include tax credits for energy efficiency. The new bill will likely be part of the Congressional budget reconciliation process later this year. If passed, the 45L tax credit would be extended and become retroactive to January 1, 2022.
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