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ARTICLE · 11 FEBRUARY 2021

GREEN Act Of 2021

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House Ways and Means Committee Democrats introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act of 2021 on February 5, 2021.

United StatesEnergy and Natural Resources
Andre Smith II
Andre Smith II
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House Ways and Means Committee Democrats introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act of 2021 on February 5, 2021. The bill is an updated version of a similar bill of the same name introduced in June of 2020.

Many provisions of the GREEN Act either extend or expand the application of existing renewable energy tax credits. The bill extends the production tax credit (PTC) for facilities for landfill gas, trash, qualified hydropower and marine and hydrokinetic renewable energy facilities through 2026. The PTC for geothermal energy is retained under the bill and extended through 2021. The bill similarly extends the PTC for qualified wind facilities through 2026 at the current 60 percent level.

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