Cleantech Update

Feds announce terms of cash program for renewable projects Posted on July 10, 2009 by rohdec12 Feds at last announce how to obtain stimulus package cash (in lieu of tax credits) for renewable projects. Treasury, Energy Announce More than $3 Billion in Recovery Act Funds for Renewable Energy Projects Cash Assistance Will Increase Economic Development, Promote Renewable Energy Use Program Guidance Now Available to Businesses to Facilitate Swift Implementation WASHINGTON – As part of an innovative partnership aimed at increasing economic development in urban and rural areas while setting our nation on the path to energy independence, the U.S. Department of the Treasury and the U.S. Department of Energy today announced an estimated $3 billion for the development of renewable energy projects around the country and made available the guidance businesses will need to submit a successful application. Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will pr...

July 9, 2009 The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs ). Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming income tax credits for certain renewable energy projects. Although the guidance includes a sample application form, the U.S. Treasury has stated that it will not accept applications until August 1. Click here to read the full analysis on this guidance including grant details, eligibility and the application process at www.stoel.com . The Rest @ Stoel Rives

This is from the Ca[pstone Website -Editor Stimulus Package Signed by President Obama On February 17, President Obama signed the American Recovery and Reinvestment Act (H.R.1) into law. The package contains a number of measures designed to promote clean energy and energy efficiency, many of which could be beneficial to deployment of Capstone’s products and the continued development of our technology. For example, the Stimulus provides: Grants in lieu of the 10 percent investment tax credit (ITC) on microturbines and combined heat and power (CHP); $3.2 billion in block grants to states and local governments to spend on energy efficiency and $3,1 billion to fund state energy programs; $16.8 billion in funding for DOE to fund Research and Development of clean energy and efficiency technologies, among other programs; Bonus depreciation of capital equipment; $11 billion to fund clean energy and energy efficiency upgrades at federal buildings. The following summary contains more details on t...

DOE announced on March 26 that it plans to invest $3.2 billion in energy efficiency and conservation projects in U.S. cities, counties, states, territories, and tribal lands. The Energy Efficiency and Conservation Block Grant program, funded by the American Recovery and Reinvestment Act , will provide formula grants for projects that improve energy efficiency and reduce fossil fuel emissions. Funding is based on a formula that accounts for population and energy use, to ensure accountability, DOE will provide guidance to grant recipients and require them to report on the: number of jobs created or retained, energy saved, renewable energy capacity installed, greenhouse gas emissions reduced, and funds leveraged. The funding will support: Energy audits and energy efficiency retrofits in residential and commercial buildings, The development and implementation of advanced building codes and inspections The creation of financial incentive programs for energy efficiency improvements. Transp...

Signing the American Recovery and Reinvestment Act of 2009, President Barack Obama has included a new tax credit to encourage investment in efficient energy production equipment manufacturing facilities. A new 30% investment tax credit is available for projects that establish, re-equip or expand manufacturing facilities for fuel cells, micro-turbines, renewable fuel refineries and blending facilities, energy saving technologies, smart grid technologies and solar, wind and geothermal technologies. In addition, as part of the Act, close to $17 billion of funding for the Department of Energy (DoE) Office of Energy Efficiency and Renewable Energy (EERE). The funding is a nearly tenfold increase for EERE, which is expected to use the bulk of the new funding in direct grants and rebates, although $2.5 billion will support its applied research, development and deployment activities, including $800 million for biomass. A further $400 million will support the establishment of an agency to suppo...

For an additional amount for `Energy Efficiency and Renewable Energy', $16,800,000,000: Provided, That $3,200,000,000 shall be available for Energy Efficiency and Conservation Block Grants for implementation of programs authorized under subtitle E of title V of the Energy Independence and Security Act of 2007 (42 U.S.C. 17151 et seq.), of which $2,800,000,000 is available through the formula in subtitle E: Provided further, That the Secretary may use the most recent and accurate population data available to satisfy the requirements of section 543(b) of the Energy Independence and Security Act of 2007: Provided further, That the remaining $400,000,000 shall be awarded on a competitive basis: Provided further, That $5,000,000,000 shall be for the Weatherization Assistance Program under part A of title IV of the Energy Conservation and Production Act (42 U.S.C. 6861 et seq.): Provided further, That $3,100,000,000 shall be for the State Energy Program authorized under part D of tit...

The Associated General Contractors of America (commercial Construction Professional Organization ) did a Great Analysis of the Stimulus bill, where it is going and how to access it.

The $787 billion economic stimulus package signed into law on Feb. 17 by President Barack Obama contains elements that will bolster housing and the economy, according to NAHB. “While we believe that including a more enhanced home buyer tax credit in the final legislation would have been the best way to spur housing demand and move the economy forward, the new law does include several provisions that should help to put housing and the economy on the right track,” said NAHB Chairman Joe Robson. Chief among these is an $8,000 first-time home buyer tax credit for qualified home purchases in 2009. To encourage prospective home buyers to get off the fence, the tax credit: Does not have to be repaid Is fully refundable Will remain in effect until Dec. 1, 2009 so that consumers can utilize it during the critical summer and fall home-buying months Allows tax credit home buyers to participate in the mortgage revenue bond program Permits state housing finance agencies to help buyers at closing b...

WASHINGTON (MarketWatch) -- U.S. lawmakers will vote soon on the compromise version of economic-stimulus legislation that President Barack Obama says will create or save 3.5 million jobs. Obama wants to quickly sign the legislation into law. The House and Senate are expected to vote on final passage before the long Presidents Day weekend. See full story. Here are some of the major features of the bill, which carries an overall cost of $789.5 billion. Tax cuts Reductions will total $282 billion, including payroll-tax credits of $400 for individuals and $800 for couples. About $70 billion has been earmarked to shield middle- and upper-income taxpayers from the alternative minimum tax. About $20 billion in renewable energy-tax incentives. Government spending Outlays will total $507 billion in spending including: $53.6 billion to help states avoid budget cuts. $87 billion to help states pay for Medicaid. $ 30 billion for a new power grid, battery technology and energy efficiency. The legis...

THis is the House Bill H.R.1 These amounst may change as the House and Senete reconcile the bills ENERGY EFFICIENCY AND RENEWABLE ENERGY Energy Efficiency and Renewable Energy Research Development, Demonstration and Deployment Recovery funding: $2.000 billion Renewable energy and energy efficiency research, development, demonstration and deployment can contribute to strengthening the United States' energy security, environmental quality, and economic vitality. This funding provides for activities to support this goal, including $800 million for projects related to biomass and $400 million for geothermal activities and projects. The remaining $800 million will be used for base program activities, such as research and demonstrations for additional renewable energy technologies, including water power and solar energy, and energy efficiency demonstrations for industrial and commercial practices, such as combined heat and power projects. These funds may also be used to accelerate resear...