Members Committed to Energy Independence Introduce Hydrogen Legislation - 2/1/07

Today, Congressmen Lee Terry (R), Mike Doyle (D), Zach Wamp (R), and Albert Wynn (D) introduced bipartisan legislation to promote the widespread adoption of hydrogen fuel cell technology.

This legislation would extend the current federal tax credit on fuel cell equipment through the year 2013 and provide a tax credit for hydrogen fuel consumed in energy conversion. 

Congressmen Terry, Doyle, Wamp, and Wynn believe that enactment of these tax credits would help accelerate the commercial adoption of these technologies and the growth of the hydrogen economy – which, in turn, would help reduce greenhouse gas emissions, air pollution, and our dependence on foreign oil.

This legislation would extend the current federal tax credit for 30 percent of expenditures on fuel cell equipment (up to $1000 per kilowatt) through the year 2013.  It would also provide a tax credit for 30 percent of the cost of hydrogen fuel consumed in energy conversion per year (up to $1500 per energy conversion device, whether it be a fuel cell or internal combustion engine).  

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