Search results
Results from the WOW.Com Content Network
The Recovery Act was a stimulus package enacted by the 111th U.S. Congress and signed by President Obama in February 2009 to save jobs and create new ones during the Great Recession. It included spending on infrastructure, education, health, and renewable energy, as well as tax cuts and relief programs.
The Business Energy Investment Tax Credit (ITC) is a U.S. federal corporate tax credit that is applicable to commercial, industrial, utility, and agricultural sectors. . Eligible technologies for the ITC are solar water heat, solar space heat, solar thermal electric, solar thermal process heat, photovoltaics, wind, biomass, geothermal electric, fuel cells, geothermal heat pumps, CHP ...
Section 1603 of the American Recovery and Reinvestment Tax Act (ARRTA) was a green energy subsidy program created by Congress and signed into law as a part of the 2009 stimulus package. The program was a system of cash grants that was implemented by the U.S. Treasury Department's "Payments for Specified Energy Projects in Lieu of Tax Credits." [1]
Learn about the history, issues, and trends of energy policy in the US, from coal and oil to renewables and efficiency. Find out how federal, state, and local entities shape energy production, distribution, consumption, and modes of use.
Not too long ago green energy activists hailed geothermal power as the best way to generate cheap, clean power with minimal environmental impact or carbon emissions. That view has been thoroughly ...
Learn about the history, production, and environmental impact of geothermal energy in the US, the world leader with 3,900 MW of installed capacity as of 2023. Explore the geothermal fields, plants, and projects in California, Nevada, Utah, Hawaii, and other states.
A second incentive of PTC is wind developers can receive a 30% Investment Tax Credit(ITC) in place of the Production Tax Credit. This only applied if the projects were placed in service between 2009 and 2013. [46] Lastly, a third incentive of the Production Tax Credit is providing grants that cover up to 30% of the renewable energy projects.
The Gas Guzzler Tax is a penalty for vehicles with low fuel efficiency, created by the Energy Tax Act of 1978. It applies only to passenger cars and varies depending on the combined MPG value, which is adjusted slightly for test differences.