American manufacturer Cyclone Power Technologies announced its support for the House Bill 4144, which would expand the Investment Tax Credit for waste energy recovery systems and, in part, amend the Internal Revenue Code definition of combined heat and power (CHP) units. CHP only qualifies for a 10 percent federal investment tax credit at the moment, but would get 30 percent thanks to the new bill.
To help systems like ours compete effectively with a ‘do nothing’ approach, we encourage … (read more)