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NiSource Energy Technologies markets and sells distributed power solutions to the commercial and light industrial business sectors. With onsite power generation, NET customers experience heightened reliability, enhanced power quality, and in some cases, the ability to conduct business without traditional energy sources. As an added benefit, byproduct thermal energy from the power generating process is harnessed and utilized for a variety of comfort and process heating applications. NET customers enjoy increased fuel efficiency at their facilities, greatly reduced air pollutant emissions, power independence, and significant energy savings.
 

 

 

CHP Investment Tax Credit (ITC) Becomes Law

On October 3, 2008, President George W. Bush signed into law the Emergency Economic Stabilization Act of 2008.

The law includes a long sought after package of energy tax extenders that many organizations fought hard to secure.  Included in that package is a 10% investment tax credit for combined heat and power and waste energy recovery systems. 

The CHP ITC is a 10% tax credit for the first 15MW of a system up to 50MW.  The CHP ITC extends from the date of enactment through December 31, 2016.

The complete energy tax piece, including the CHP ITC, is in Division B of the final bill, HR 1424.  There is a direct link to a full copy of the bill on the homepage of the Library of Congress website, Thomas, at http://thomas.loc.gov.