Microgrid Knowledge: This week, Senate Majority Leader Chuck Schumer and Senator Joe Manchin of West Virginia reached an agreement to move forward on climate and energy funding in a reconciliation bill titled the Inflation Reduction Act of 2022. In addition to other provisions intended to both reduce energy costs and promote renewable power, the bill includes a tax credit for microgrids. The 30% tax credit will apply to microgrid controllers. Qualifying microgrids must produce between 4 killowatts and 20 megawatts of power.
Fact Sheet: Biden-Harris Administration Announces Six New Actions to Lower Electricity Bills for Working Families
On July 27, 2022, the White House announced six key actions to fight inflation and lower energy costs with a focus on clean power.