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The Pennsylvania House of Representatives has passed legislation designed to create jobs, cut costs and support long-term energy stability by creating new and expanding existing tax credit incentives. PHOTO/FILE
PA House passes EDGE 2.0 to boost energy investment
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PA House passes H.B. 500 (EDGE 2.0) to expand energy tax credits
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Bill supports clean energy, semiconductors, and hydrogen hubs
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Part of Gov. Shapiro’s Lightning Plan to grow jobs and cut costs
State Rep. John Inglis, D-Allegheny, announced that the Pennsylvania House of Representatives has passed legislation to drive billions toward energy projects.
House Bill 500, also known as EDGE 2.0, is a tax credit expansion leveraging Gov. Josh Shapiro‘s “Lightning Plan”. The legislation now moves to the state Senate for consideration.
According to a releaese, H.B. 500 is designed to create jobs, cut costs, and support long-term energy stability by creating new and expanding existing tax credit incentives.
“With costs rising due to inflation, tariffs and a confluence of other factors, we’re seeing companies across the country shy away from making long-term investments,” Inglis said in a statement. “This is a critical moment for us to assure businesses and energy producers that, despite looming economic uncertainty, Pennsylvania is leading the nation toward a cleaner and stronger energy future.”
Inglis added that H.B. 500 would reform the existing and underutilized Economic Development for a Growing Economy Tax Credit Program, addressing six areas of need of investment in Pennsylvania energy:
- Semiconductor Manufacturing.
- Sustainable Aviation Fuel.
- Milk Processing.
- Reliable Energy Investment.
- Clean Hydrogen Hubs.
- Geothermal Energy.
“These tax credits are not a government handout – this bill sets benchmarks that prioritize the well-being of working Pennsylvanians, their families and their communities,” said Inglis. “If companies can’t meet the conditions, they don’t get the credits.”
Per a release, H.B. 500, along with S.B. 500, introduced by state Sen. Nick Pisciottano and Senate Democratic Leader Jay Costa, both D-Allegheny, are part of Shapiro’s energy plan aimed at creating jobs, lowering costs for consumers, speeding up permitting and protecting Pennsylvania from global instability by building more energy generation.
