Us Congress House Bill HB8095

Us Congress 2023-2024 Regular Session

• Introduced: 4/19/24
• Refer: 4/19/24

Caption

To amend the Internal Revenue Code of 1986 to extend the energy credit with respect to electrochromic glass.

Impact

The implications of HB 8095 are significant for state laws related to energy conservation and renewable energy practices. By extending tax credits for the installation and use of electrochromic glass, the bill seeks to encourage innovation within the industry and allow consumers and builders to benefit financially from implementing energy-efficient technologies. This initiative could also enhance the state's position in the broader national conversation on renewable energy and sustainability, promoting environmentally friendly practices.

Summary

House Bill 8095 proposes an amendment to the Internal Revenue Code of 1986 to extend the energy credit incentives associated with electrochromic glass. This type of glass technology enables buildings to effectively manage solar heat gain and visibility, contributing to energy efficiency. The bill aims to promote the use of such technologies, which are aligned with contemporary sustainability goals and efforts to reduce energy consumption in residential and commercial buildings.

Contention

While the bill enjoys support from various stakeholders focused on energy efficiency and modernization of housing and commercial infrastructures, points of contention may arise from those concerned about the financial implications of extending tax credits. Critics may argue about the cost to taxpayers and the potential for misuse of the credits, necessitating a careful balance between fostering innovation and ensuring fiscal responsibility. Furthermore, some may question whether such credits adequately address the larger issues of energy consumption and climate change.