$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
- Duke Energy SC Customers Have Reaped $5M in Solar Rebates Since Last October
- BidEnergy to Launch Its ‘Source-to-Pay’ Process for Energy in U.S. Market
- Garden State Residential, Commercial Customers Will Pay Less for Gas This Winter
- Better Buildings, Better Plants: 12 Success Stories
- CA Governor Signs Bill Clarifying PACE Disclosures
- CA School District to Get 73% of Energy From Solar Carports
- Two Critical Questions to Ask Yourself About Your Current Energy Contract
- Pepco and Exelon Say Customers Have Benefitted$440 Million Since Merger