White House Announcement Reinforces the Importance of RTC’s Research and Heat Pumps 

Contact: Blaine Collison, RTC Executive Director, 202-669-5950, blaine@renewablethermal.org Arlington, VA – The Renewable Thermal Collaborative (RTC) applauds today’s announcement by the White House announcing its intent to use $250 million to enable more heat pump manufacturing in America, using Defense Production Act authorities and funded […]

RTC Policy Roundtable: Tax Policy for Renewable Thermal Solutions

The Renewable Thermal Collaborative (RTC) held a roundtable discussion on a tax policy proposal aimed at accelerating deployment of renewable fuels and technologies to meet the thermal energy needs of the manufacturing and buildings sectors. The proposal, which was finalized in fall of 2021, would make a range of renewable thermal technologies eligible for a 30% investment tax credit (ITC), similar to tax credits that are already available for renewable electricity technologies. The roundtable discussion included RTC Members and Solutions Providers as well as a select group of external organizations ranging from tax experts, to trade associations for specific fuels and technologies, to think tanks and policy advocacy organizations that are engaged on issues similar issues to RTC’s focus. As the RTC’s tax policy proposal was developed as a high-level framework, the roundtable aimed to gather input to further sharpen and refine the proposal, gather views on the evidence base and groundwork needed to advocate for the tax policy proposal, and to build a shared foundation among key stakeholders on the prospects and design of tax policy to advance renewable thermal technologies and fuels.