|Posted:||December 9, 2014 04:16 PM|
|From:||Senator Matt Smith|
|To:||All Senate members|
|Subject:||Energy Star Rated Glass or Window Technologies Tax Credit|
|In the near future, I plan to reintroduce SB 240 of the 2013-2014 legislative session. This legislation would amend the Tax Reform Code to establish the Energy Star Rated Glass or Window Technologies Tax Credit
My legislation would enable manufacturers of energy-efficient glass technologies to apply for a tax credit on the capital, operation and maintenance costs associated with the manufacturing of their product. This proposal defines Energy Star rated glass technologies as those glass products that meet certain specifications set forth by the Department of Energy and are used as part of a plan to reduce the total annual energy and power costs in a building. The total cost of the tax credit will not exceed $10 million per year.
Energy Star rated glass is a valuable alternative energy product. Certain glass technologies in windows have been shown to reduce heating and cooling bills by blocking unwanted heat gain during the summer and preventing heat loss in the winter. Other energy-efficient glass technologies have been shown to reduce the exposure to harmful ultraviolent (UV) rays. Additionally, because energy-efficient glass technologies decrease the amount of heating and cooling required for comfortable living, homes that use energy-efficient windows can often save money by installing smaller furnaces and/or air conditioning units. I believe that by offering this tax credit, we will promote and stimulate the manufacture of these pivotal energy and cost-saving glass technologies.
Previous co-sponsors include Kasunic, Fontana, Yudichak, Brewster, Washington, Ferlo, Waugh, Tartaglione, Farnese and Costa.
Please join me in co-sponsoring this important legislation. If you have any questions about this legislation, please contact my office at 717-787-5839.
Introduced as SB241