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HR 7238 110th Congress House Taxation Energy efficiency and conservation Energy storage, supplies, demand Environmental technology Income tax credits Residential rehabilitation and home repair

To provide a tax credit for qualified energy storage air conditioner property.

Introduced: September 29, 2008 Introduced by: Thompson, Mike Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 2008
Referred to the House Committee on Ways and Means.
Sep 29, 2008
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow: (1) a residential energy efficient tax credit for 30% of the cost of qualified energy storage air conditioner property installed in a principal residence; and (2) an energy tax credit for 30% of qualified energy storage air conditioner property installed before January 1, 2015.

Defines "qualified energy storage air conditioner property" as a cooling system that: (1) consists of thermal or ice storage components that create, store, and supply cooling energy to reduce peak electricity demand; (2) can deliver a minimum of 29,000 Btu and a maximum of 240,000 Btu of cooling capacity; (3) is designed to deliver such cooling capacity for a minimum continuous period of three hours; (4) is designed to reduce peak kilowatt demand by 90% for the cooling load served; and (5) is designed not to exceed the 24-hour energy consumption of conventional cooling equipment by more than 10%.

What's happening now September 29, 2008

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1