As part of the explosion of Recovery Act projects this summer and as a move towards a clean energy future, the President announced nearly $2 billion in conditional commitments to key solar companies. Abengoa Solar has agreed to build one of the largest solar plants in the world in Arizona, which will create about 1,600 construction jobs with over 70 percent of the construction components and products manufactured here in the USA. When completed, this plant will provide enough clean energy to power 70,000 homes. (more…)
The U.S. market for small-scale wind turbines on homes and small businesses grew 15 percent in 2009, with 20.3 megawatts of new capacity added nationwide, according to a new report. That new capacity represents about 10,000 new units, and bumps the total capacity created by small wind projects (100 kilowatts or less) to about 100 megawatts nationwide, according to the American Wind Energy Association (AWEA), an industry organization. (more…)
We talk a lot about the need for America to lead the world in green manufacturing, and with good reason: a strong green manufacturing sector will create good, domestic jobs and boost exports, all while helping us reduce carbon emissions and break our dependence on foreign oil.
But it’s not just talk. We’re taking action to re-establish that leadership, and what’s happening today, down in Louisville, Kentucky, is a perfect example of how we’re going to do it.
Most Americans are familiar with the blue-and-white EnergyStar logo, which has an almost 20-year history of helping consumers “save money and protect the environment through energy efficient products and practices.” Jointly managed by the Environmental Protection Agency and the Department of Energy, the EnergyStar program encompasses more than 60 different products from refrigerators to computers. In the past year and a half, EnergyStar’s ability to ensure that products bearing the EnergyStar logo provide the intended energy savings has come under increased scrutiny. As a result, EnergyStar has announced new measures to strengthen the trusted EnergyStar symbol. (more…)
Today, President Obama visited Solyndra, Inc. in Fremont California – a solar panel manufacturer that is building a new facility (and creating new jobs) thanks to funding from the Recovery Act. So far, construction of the new facility has created over 3,000 construction-related jobs and the new factory could create up to 1,000 long-term new jobs. And this is just one of countless stories that together account for the up to 2.8 million jobs the Recovery Act is responsible for by the CBO’s count. (more…)
Today President Obama travelled to Iowa and visited Siemens Energy, Inc., where he received a tour of the facility and saw the creation of blades that are capable of generating enough power for hundreds of homes. The President said that each employee of Siemens “Is helping stake America’s claim on a clean-energy future.”
The President discussed the future of clean energy in America, calling energy security “a top priority for my administration since the day I took office.” He explained that the Recovery Act made the largest investment in clean energy in the nation’s history- an investment expected to create or save 700,000 jobs by the end of 2012 and double America’s capacity to generate renewable electricity from sources like the sun and the wind: (more…)
The movement towards zero emission electric cars is gaining a tremendous amount of momentum. As we move into 2010, practical electric vehicles for the vast majority of the public will be available late in the year with the release of the Nissan Leaf. The shift that may occur in the coming years provides the opportunity to engage in open dialogue about the tax benefits and burdens as the US moves into the era of the electric car.
If you plan to purchase an electric car in 2010, you can expect a healthy federal income tax credit to reward you. For plug-in electric vehicles with a gross vehicle weight of less than 14,000 pounds acquired after December 31, 2009, the maximum tax credit available will be $7,500. The base amount of the credit is $2,500. If the car has a battery capacity of at least 5kWh, then an additional $417 in tax credits will be available. For every kWh of battery capacity in excess of 5kWh, $417 will be added to the total amount. The additional amount, based on battery capacity, over the base amount is limited to a total of $5,000.
Clean tech companies hoping to capitalize on the 30% Advanced Energy Manufacturing Tax Credit (48C) for re-quipping, expanding, or establishing a manufacturing facility must submit a preliminary application for Department of Energy (DOE) recommendation by September 16, 2009. The federal government has allocated $2.3 billion for this credit. If the limitation is reached during the first allocation round (2009-2010), then no further credit will be permitted.