$100 Billion in Stimulus for Green Programs
The Economic Stimulus bill passed last week by the House, and currently under debate in the Senate, has roughly $100 billion for green spending and tax incentives.
Here’s a breakdown of some of the key items, from CNN Money.com:
- Conservation: $28 billion
- Renewable Energy Subsidies: $28 billion
- Environmental Improvement: $14 billion
- Upgrading the Electricity Grid: $11 billion
- Mass Transit: $13 billion
Spending programs for conservation include upgrading federal buildings and low- and middle-income homes with insulation and replacing windows. Homeowners would also be eligible for a tax credits on efficiency measures up to $1,500.
Renewable Energy subsidies could include wave power, geothermal, offshore wind or innovative solar projects, as well as current forms of renewable energy, including a three-year extension of the tax break for big wind projects. “Carry-back” provisions would allow renewable energy companies to receive tax credits against past profits, which will help them in the down economy.
Other money is allocated to improving power lines, developing a smart grid, making better batteries for electric cars, improving national parks, and cleaning up industrial sites.
Energy Manager News
- Drama Aside, Tesla’s Acquisition of SolarCity Makes Sense
- SunPower Solar Technology Breaks 24% Energy Efficiency Mark
- U.S. Data Centers Increasing Energy Efficiency
- A New Role for Mats: Promoting Sustainability
- Palmco to Refund $4.5M to New Jersey Consumers for Deceptive Sale Practices
- SolarCity Poll: Most Illinois Residents Oppose Utility Demand Charges
- Behind the Meter Podcast: Seeing U-Haul’s HQ Parking Structure in a New (LED) Light
- Uninterruptible Power Supplies: The Case for Moving Beyond Batteries