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April 10, 2008

Federal Tax Credit - Extended for another 8 years!

The U.S. Senate has attached legislation to a housing assistance bill that will extend federal clean energy tax credits. The housing bill passed the Senate in an 84-12 vote.

The Clean Energy Tax Stimulus Act (S.2821) was approved 88-8 as an amendment to HR.3221, which aims to mitigate the economic impact of the current housing crisis, said Sen. Pete Domenici, R-N.M., in a news release.

The renewable energy amendment, which Domenici co-sponsored, would provide a one-year extension of the renewable energy production tax credit and an eight-year extension of the solar energy and fuel cell investment tax credit. Those and other clean energy incentives would otherwise expire in December.

"Our 2005 energy bill included some of the most sweeping tax credits for clean energy technology to date," Domenici said. "We cannot let them expire. Recent work in areas such as solar technologies -- including groundbreaking work at Sandia National Laboratories, and the advancement of wind technology in New Mexico -- all face big setbacks without this legislation."

In addition to the production and solar tax credits, the amendment authorizes $400 million for Clean Renewable Energy Bonds. It extends tax credits for those who modify or build energy-efficient homes and commercial buildings, and it extends credits for energy efficient appliances such as dishwashers and refrigerators.

Among the technologies that benefit from the renewable energy tax credit are wind, biomass, geothermal, small irrigation power, landfill gas, trash combustion and hydropower facilities.

 

12/13/2007

U.S. SENATE, REVERING HISTORY, VOTES FOR THE PAST

Yesterday, the U.S. Senate dealt a losing hand to all those who believe in solar power as a vital component of our energy future.

By a vote of 59-40, just one vote short of the number needed to cut off debate, the Senate failed to include a tax title in the 2007 energy bill that would have provided investment and production tax credits for renewable energies.

Many people have worked long and hard this year to secure a government commitment of support for solar and other nascent renewable industries, including solar citizens like yourself, Congressional Democratic leadership, environmental and conservation groups, industry associations, and scientific bodies.  And although representatives and senators were left in no doubt about the importance of the legislation to America's future, the peculiarities of the American way of politics trumped common sense and hope.  Senators from states where the oil and gas industry lobby is strongest voted to continue support for the industry, even though the proposed tightening of tax breaks would have amounted to only 1%-2% of its net profits.  To see which senators voted against the tax title measure, check the list at the end of this message.  (Look closely and you'll find one Democrat who voted 'nay', and one presidential candidate who failed to vote at all).

Late yesterday evening, the Senate finally voted on what was left of the bill.  Absent investment tax credits, production tax credits and a national renewable electricity standard (RES), the bill sailed through by a vote of 85-12.  It will now go back to the House, then on for signature by President Bush.  And what the President signs will contain CAFE standards for automobile mileage standards, a renewable fuels mandate, and provisions for energy efficiency in federal government departments.  For renewables, there is practically nothing.

The timing of the vote may strike historians as curious in years to come;   half a world away in Bali, attendees at the UN global warming conference were working toward final agreement on long-term measures to mitigate climate change while the U.S. Senate was rewarding the oil and gas industry for its long-term support.

That renewable energy development in America has suffered a setback is not in question.  But reports of its death have been greatly exaggerated.  Congressional Democrats have stated that they intend to resurrect the RES and tax credit issues in their next session, perhaps in a separate, dedicated bill.  And lobbyists for renewable industries have vowed to keep up pressure on legislators from now until the November elections.

For all those solar citizens who took the time this year to call, fax or e-mail their legislators over this issue, we say a loud and heartfelt "THANK YOU!"  And yes, you were heard.  In the week before Thanksgiving, the House of Representatives took the tax title off the table;   the uprush of public outrage caused by this maneuver forced the lower
chamber to restore the funding in short order.  Did this matter, given the final result?  It certainly did, because now no-one on Capitol Hill can be in any doubt that renewables have a high level of support among their constituents.  This should impact Congress' decision-making as an election year unfolds.


Republican Senators Voting 'Nay' on Cloture Vote for Energy Bill Tax Title
 
Stevens (AK), Sessions, Shelby (AL), Kyl (AZ), Allard (CO), Martinez (FL)
Chambliss, Isakson (GA), Craig, Crapo (ID), Brownback, Roberts (KS)
Bunning, McConnell (KY), Vitter (LA), Bond (MO), Cochran, Lott (MS)
Burr, Dole (NC), Hagel (NE), Gregg, Sununu (NH), Domenici (NM), Ensign (NV)
Voinovich (OH), Coburn, Inhofe (OK), Specter (PA), DeMint, Graham (SC)
Alexander, Corker (TN), Cornyn, Hutchison (TX), Bennett (UT), Warner (VA)
Barrasso, Enzi (WY)              
Republican Senators Not Voting on Energy Bill Cloture Vote
McCain (AZ)
Democratic Senators Voting 'Nay' on Cloture Vote for Energy Bill Tax Title
Landrieu (LA)

 


IN THE NEWS!

Posted on Friday february 2nd, 2007
 
Former Vice President Al Gore and Bay Area leaders are putting their heads together at a summit to fight global warming in San Francisco today.
It's the first-ever summit of its kind in San Francisco. It's organized by the Bay Area Air Quality Management and they managed to attract a big name for their keynote speaker -- Al Gore. He agreed to speak -- but journalists and cameras were not allowed in.
Five hundred people from various businesses, government agencies and even schools are at the summit to share and steal ideas on how to improve air quality.
Here's just one example they'll hear of how one business can make a difference.
Carl Guardino, Silicon Valley Leadership Group: "Like the work of Hyperion Solutions in Santa Clara where their CEO Godfried Sullivan offers $5,000 dollars to any employee worldwide who buys a car that gets at least 45 miles to the gallon."
This summit, about protecting the environment, is taking place just as the environment in Washington is dramatically changing. California Senator Barbara Boxer will now take over as chairwoman of the Senate's environmental public works committee.
She's replacing a very conservative chairman who considers global warming a hoax. Environmentalists see her placement as excellent news for the cause.
Karen Schkolnick, Bay Area Air Quality Management District: "The air district is a non-partisan organization. At the same time, we're very excited that it does seem that many elected officials do find that the environment is a very important for them."
Vice President Al Gore has emerged as an environmental activist since the release of his documentary "An Inconvenient Truth." This documentary talks about global warming today. He's appearing in a city that is considered a leader on air quality. But the more officials learn about the Bay Area's environment, the more they realize it's going to take everyone's help to make a difference.
Karen Schkolnick, Bay Area Air Quality Management District: "We have found that we are starting to make a difference but what we've learned along the process that it's going to take a lot of work from different sectors."
The group today will not only listen to speakers talk about Global Warming but will also break out into a brainstorming sessions and will walk away with a plan of action.
 

- California Million Solar Roof Initiatiative - Contact The House Of Senate

- Contact The House Of Representatives - Contact Sacramento

Global Energy Network Institute

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