This week, APGA responded to the request for comment published by the Internal Revenue Service (IRS). This input was critical, as the IRS will be issuing guidance on the commercial and residential building energy efficiency tax credits and deductions, which were recently amended by the Inflation Reduction Act (IRA). APGA’s feedback will ensure these incentives truly benefit Americans focused on effective energy efficiency efforts.
In the letter, APGA stated support for more energy efficient buildings. In fact, about 90 percent of natural gas produced is delivered and directly used by appliances. Natural gas is the preferred energy choice of homeowners for cooking and home/water heating needs, as it is affordable and reliable, as well as delivered with the efficient pipeline systems operated by public natural gas utilities. Also, APGA members are investing in the research and development of technologies, such as gas heat pumps, which are highly energy efficient, both from a source energy and site energy perspective. Gas heat pumps can be used for space heating/cooling, as well as water heating. The IRS needs to be sure any tax credits or deductions are fuel neutral. Criteria used to determine qualifications should allow for both natural gas and electric appliances.
APGA will monitor any updates to these energy efficiency tax credits and deductions. If there are any significant changes, members will be notified.
To see APGA’s comments,
click here.
For questions on this article, please contact Stuart Saulters of APGA staff by phone at 202-544-1334 or by email at
ssaulters@apga.org.