News: President Barack Obama signed the $787 billion stimulus package today, and the clean energy industry
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Kelly
Oct 19, 2009, 9:25:05 AM10/19/09
to Helps Large Businesses and Homes to Convert to Green Power
President Barack Obama and Vice President Joe Biden tour the roof of
the Denver Museum of Nature and Science with Blake Jones, president of
a Colorado solar company, ahead of signing an economic stimulus
package loaded with clean-energy incentives.
President Barack Obama signed the $787 billion stimulus package today,
and the clean energy industry — among the biggest winners — is
celebrating.
The signing ceremony was heavily loaded with solar symbolism: Mr.
Obama signed the bill after touring the Denver Museum of Nature and
Science, which has solar panels on its roof. He was also introduced by
Blake Jones, head of Namaste Solar Electric, a Colorado company that
installed solar panels on the governor’s mansion there.
(As of this writing, the company’s Web site appears to have crashed,
perhaps under the weight of the attention.)
“It’s an investment that will double the amount of renewable energy
produced over the next three years,” said Mr. Obama, who also promised
that the bill would help “transform the way we use energy.”
The text of the bill is posted by the House Appropriations Committee
here. This detailed summary is particularly helpful.
The provisions include:
* A large sum for energy efficiency, including $5 billion for low-
income weatherization programs; over $6 billion in grants for state
and local governments; and several billion to modernize federal
buildings, with a particular emphasis on energy efficiency.
* $11 billion for “smart grid” investments.
* $3.4 billion for carbon capture and sequestration demonstration
projects (otherwise known as “clean coal”).
* $2 billion for research into batteries for electric cars.
* $500 million to help workers train for “green jobs.”
* A three-year extension of the “production tax credit” for wind
energy (as well as a tax credit extension for biomass, geothermal,
landfill gas and some hydropower projects).
* The option, available to many developers, of turning their tax
credits into direct cash, with the government underwriting 30 percent
of a project’s cost
.
Posted by Kelly Fuller
http://myhighqualityproducts.blogspot.com
the Denver Museum of Nature and Science with Blake Jones, president of
a Colorado solar company, ahead of signing an economic stimulus
package loaded with clean-energy incentives.
President Barack Obama signed the $787 billion stimulus package today,
and the clean energy industry — among the biggest winners — is
celebrating.
The signing ceremony was heavily loaded with solar symbolism: Mr.
Obama signed the bill after touring the Denver Museum of Nature and
Science, which has solar panels on its roof. He was also introduced by
Blake Jones, head of Namaste Solar Electric, a Colorado company that
installed solar panels on the governor’s mansion there.
(As of this writing, the company’s Web site appears to have crashed,
perhaps under the weight of the attention.)
“It’s an investment that will double the amount of renewable energy
produced over the next three years,” said Mr. Obama, who also promised
that the bill would help “transform the way we use energy.”
The text of the bill is posted by the House Appropriations Committee
here. This detailed summary is particularly helpful.
The provisions include:
* A large sum for energy efficiency, including $5 billion for low-
income weatherization programs; over $6 billion in grants for state
and local governments; and several billion to modernize federal
buildings, with a particular emphasis on energy efficiency.
* $11 billion for “smart grid” investments.
* $3.4 billion for carbon capture and sequestration demonstration
projects (otherwise known as “clean coal”).
* $2 billion for research into batteries for electric cars.
* $500 million to help workers train for “green jobs.”
* A three-year extension of the “production tax credit” for wind
energy (as well as a tax credit extension for biomass, geothermal,
landfill gas and some hydropower projects).
* The option, available to many developers, of turning their tax
credits into direct cash, with the government underwriting 30 percent
of a project’s cost
.
Posted by Kelly Fuller
http://myhighqualityproducts.blogspot.com
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