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    More Tax Credits Offered for Clean Energy Industry

    By | Yahoo! Contributor Network – Fri, Feb 8, 2013

    The U.S. Department of Energy announced this week that it will be providing $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the country. Here are the details.

    * The Advanced Energy Manufacturing Tax Credit was established by the American Recovery and Reinvestment Act in order to support domestic clean energy and energy efficiency manufacturing facilities, the department reported. The credit is awarded through a competitive process.

    * This $150 million round of funding is the second round for the program, the department reported. An initial round provided $2.3 billion in credits to 183 projects. This newest round of credits is being made available because some of the credits were not used by previous awardees.

    * According to a fact sheet about the tax credits, companies can make application for the credits on projects that will be assessed by the Department of Energy based on commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions.

    * Additional factors such as diversity of geography, technology, project size and regional economic development will also be considered, the fact sheet stated.

    * Qualifying manufacturing facilities will include the production of clean energy products such as solar, wind, geothermal or other renewable energy equipment, electric grids and storage for renewables, fuel cells and microturbines, energy storage systems for electric or hybrid vehicles, carbon dioxide capture and sequestration equipment, equipment for refining or blending renewable fuels, equipment for energy conservation, including lighting and smart grid technologies.

    * According to the fact sheet, other advanced energy projects for reducing greenhouse gas emissions may also be eligible as determined by the Secretary of Treasury.

    * One of the previously credited projects through the Advanced Energy Manufacturing Tax Credits program included an expansion of Itron, Inc.'s manufacturing facility in South Carolina. The company produces one of the first smart meters for the residential market.

    * Another previously credited project was W.L. Gore & Associates, Inc.'s manufacturing of an advanced membrane for high efficiency fuels cells for buildings and vehicles, as well as the manufacturing of an advanced turbine filter to improve the performance of gas turbines to produce greater outputs at lower costs and reduce greenhouse gas emissions, the Department of Energy reported.

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    44 comments

    • 1Source
      1Source  •  3 days ago
      The best alternative energy system for large scale production of energy is the Molten Salt Towers, the beautiful thing about these systems is they can generate power even when the sun does not shine. There is a new system coming online in Nevada and can generate power for 10 hours after the sun sets.

      The best system I have found for alternative energy for heating your home is the Solar Evacuated Tube system. They work even when it is cloudy and can work in cold climates.
      • mnemon
        mnemon 3 days ago
        Additionally, the energy storage capacity of molten salt is up to three months, given the best insulation. They don't use it that way commercially because it's more efficient with a faster turnover - less energy loss - but it is at least capable of much longer storage than 10 hours.
    • endersgame
      endersgame  •  2 days 4 hrs ago
      too bad the leader in development of thin film solar panels in the USA was bought by the CHINESE. As for utility size system, the best way for renewables is the small net zero systems. Build a new house then provide 1kw for each 1000 sq. ft of house.
    • Bruce
      Bruce  •  3 days ago
      I walk everywhere, where's my credit?
    • Joey
      Joey  •  2 days 4 hrs ago
      The American Recovery and Reinvestment Act: a giant Democrat-controlled slush fund that we'll all be paying for for generations to come.
    • master of disguise
      master of disguise  •  2 days 4 hrs ago
      Petroleum gets the biggest subsidy of any industry ever in history. Trillions of dollars for oil wars, paid for twice because we fought them on credit! Take ALL the energy subsidies away and you'd discover solar and wind are far cheaper than oil and coal and light-water fission.
    • Tom Hamilton
      Tom Hamilton  •  3 days ago
      This is another tax credit for GM, GE.
    • John
      John  •  2 days 4 hrs ago
      Funny hoe republicans complain about helping clean energy but condone the same tax breaks for oil and other big business! YOU are 2-faced!
    • John
      John  •  3 days ago
      "Another previously credited project was W.L. Gore & Associates, Inc."???? What! Didn't he get enough from the $500 million he got for his electric car? This whole "Clean Energy Tax Credits and Loans" are a complete fraud to transfer Tax Payer Dollars to the pockets of Political and Financial Supporters of Obama!
    • x-files
      x-files  •  3 days ago
      In Georgia, lobbyist are trying to pass a bill that will not allow homeowners to hook up their solar panels so that they can't receive a credit if the electricity they generate as a surplus goes onto the main grid. WHAT A LOAD OF #$%$ !!!!!
    • Benny Padilla
      Benny Padilla  •  2 days 1 hr ago
      MORE CORPORATE WELFARE TO CAMPAIGN DONORS scams like fill-your-gasoline-tanks-with-sunrays Solyndra, GM and all the others get in line and collect your welfare check (just make sure you recycle some public tax payers in campaign contributions to keep the same #$%$ in office).
     Post a comment

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