The Grid Resiliency Tax Credit Act establishes a new 30 percent federal tax credit for companies that install regionally significant electric power transmission lines. The credit applies to new transmission lines placed in service after December 31, 2023, that span at least two states or 150 continuous miles, as well as modifications to existing lines that increase capacity by at least 500 megawatts. Qualifying projects must use advanced transmission technology and serve purposes such as improving grid resilience against weather events and natural disasters, facilitating renewable energy interconnection, or addressing high electricity demand areas. The tax credit also covers related equipment and grid-enhancing technologies that support transmission operations. The provision terminates for projects beginning after December 31, 2033, giving companies a ten-year window to take advantage of this incentive.
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