Massachusetts S1998 aims to advance renewable heating solutions by setting renewable heating standards and establishing tax credits for renewable.

Massachusetts S1998 introduces measures to promote renewable heating solutions within the Commonwealth. The bill mandates that obligated entities reduce the carbon intensity of gas delivered or transported annually, with targets increasing from 2% in 2027 to 20% in 2035. It establishes tax credits for corporations that purchase or install qualified heating equipment, renewable heating systems, and geothermal district heating infrastructure. The bill also sets up the Renewable Heating Solutions Development Fund to stimulate investment in renewable heating solutions.

Massachusetts S1998 aims to advance renewable heating solutions by setting renewable heating standards and establishing tax credits for renewable.

Massachusetts S1998 introduces measures to promote renewable heating solutions within the Commonwealth. The bill mandates that obligated entities reduce the carbon intensity of gas delivered or transported annually, with targets increasing from 2% in 2027 to 20% in 2035. It establishes tax credits for corporations that purchase or install qualified heating equipment, renewable heating systems, and geothermal district heating infrastructure. The bill also sets up the Renewable Heating Solutions Development Fund to stimulate investment in renewable heating solutions.