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Policy Briefing: RGGI, Plastic Bag Ban, Oil Leases

New Hampshire’s Senate will this Wednesday consider a bill to withdraw the state from the Regional Greenhouse Gas Initiative, the cap-and-trade program covering ten north-eastern states. The state’s House approved the measure 251-108. The New Hampshire Union Leader reported that the Senate does not appear, however, to have the 16 votes … Read more »

Energy Tax Incentive Legislation Targets Building, Industrial Energy Efficiency

Senate Energy & Natural Resources Chairman Jeff Bingaman (D-N.M.) and Sen. Olympia Snowe (R-Maine) teamed up on Wednesday to introduce legislation providing tax incentives to the energy sector, The Hill reports. The bill, the Advanced Energy Tax Incentive Act of 2010, focuses on building and industrial energy efficiency, domestic manufacturing, emerging clean … Read more »

SEKO Takes Advantage of Tax Credits to Add Solar Solution

SEKO Worldwide plans to use solar energy to power most operations at its Portland, Ore., facility. The company was able to take advantage of a range of tax credits and incentives to fund the forthcoming installation, reports CoolerPlanet. SEKO owner Paul Burkhart said that federal, state and local incentives reduced … Read more »

U.S. Chamber Reloads to Fight Climate Regs

The U.S. Chamber of Commerce President Tom Donohue wants Congress to reconsider the proposed climate regulations and other policies that he says will raise costs for businesses and slow economic recovery, reports the New York Times. Meanwhile, energy businesses and environmentalists are focused on lobbying efforts aimed at the Environmental … Read more »

At $750M, Foreign Firms Get 33% of U.S. Clean Energy Stimulus

At $750M, Foreign Firms Get 33% of U.S. Clean Energy Stimulus

Foreign firms and their subsidiaries will receive about $750 million of the $2.3 billion in tax credits for clean energy manufacturing projects announced recently by the Obama Administration. That represents nearly 33 percent of the total awards, which are intended to spur U.S. manufacturing of clean energy technologies. A detailed … Read more »

Clean Tech Firms Get $2.3B in Tax Credits

President Obama has awarded $2.3 billion in tax credits for clean energy manufacturing projects across the United States. Targeted at 183 projects in 43 states, the Recovery Act Advanced Energy Manufacturing Tax Credits program is expected to create 17,000 U.S. manufacturing jobs. The Section 48C program will provide a 30 … Read more »

$5B Clean Energy Tax Credit May Draw Three Times More Private Investment

An additional $5 billion in clean energy tax credits proposed by the Obama Administration are expected to generate an additional $15 billion in private investment, if Congress approves the plan, reports Reuters. Wind, geothermal and solar projects are expected to the chief beneficiaries of the program, reports the New York … Read more »

Section 48C Big Opportunity for Advanced Energy Manufacturers

The American Reinvestment and Recovery Act of 2009 (ARRA) authorizes the Department of Treasury to award $2.3 billion in tax credits for qualified investments in advanced energy projects, to support new, expanded or re-equipped domestic manufacturing facilities. This $2.3 billion will be distributed with a new tax credit program that … Read more »

More Federal Incentives Needed to Drive Solar Growth

More Federal Incentives Needed to Drive Solar Growth

Although the United States has become one of the more aggressive nations in promoting renewable energy thanks in part to support from the Obama Administration, it is still lagging behind solar market leaders like Spain and Germany, according to a new report from Pike Research. A key finding reveals that … Read more »

Feds Add Direct Payments for Renewable Energy Projects

To accelerate the development of larger renewable energy projects, the Department of Energy and the Treasury are introducing a program to provide direct payments in lieu of tax credits. Most large renewable energy projects, including some at commercial applications such as factories and company headquarters, have been eligible for federal … Read more »

Innovation Helps C-Store Owners Save Energy, Money

New technologies and out-of-the-box thinking are helping convenience store owners cut energy costs, reports Convenience Store Decisions magazine. This can add up to significant energy savings across the nation with nearly 146,300 convenience stores in the U.S. as of Dec. 31, 2007, according to the National Association of Convenience Stores … Read more »

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