H.R.2784 - Innovative Energy Systems Act of 2011

To amend the Internal Revenue Code of 1986 to encourage the deployment of highly efficient combined heat and power property, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to encourage the deployment of highly efficient combined heat and power property, and for other purposes. as introduced.
  • Short: Innovative Energy Systems Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
08/01/11
 
 
 
 
 
 
 

Official Summary

Innovative Energy Systems Act of 2011 - Amends the Internal Revenue Code to allow an energy tax credit for highly efficient combined heat and power system property. Defines such property as property at an industrial, commercial, or institutional facility comprising a system that is placed i

Official Summary

Innovative Energy Systems Act of 2011 - Amends the Internal Revenue Code to allow an energy tax credit for highly efficient combined heat and power system property. Defines such property as property at an industrial, commercial, or institutional facility comprising a system that is placed in service before January 1, 2017, and that:
(1) uses the same energy source for the simultaneous or sequential generation of electrical power, mechanical shaft power, or both, in combination with the generation of steam or other forms of useful thermal energy; and
(2) has a system design that provides an energy efficiency percentage of at least 70%.

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