The US Treasury has announced guidance for the program of grant payments for specified energy property in lieu of tax credits under Section 1603 of the American Recovery and Reinvestment Act of 2009 (“ARRA”). The Section 1603 program will provide direct payments in lieu of investment tax credits to companies that create and place in service renewable energy facilities beginning January 1, 2009. The guidance sets the rules under which companies can apply for the ARRA grants for qualifying renewable energy properties.
Archive for the ‘ARRA’ Category
Treasury Announces Guidance on Grants-in-Lieu of Tax Credits under ARRA
Friday, July 10th, 2009Does your EV substitute one form of air pollution for another?
Saturday, June 27th, 2009This spring, the Obama Administration directed $2.4 billion toward energy efficiency in automobiles, and specifically to aid the development of plug-in cars and the infrastructure required to keep them charged, including:
- $1.5 billion for U.S.-based manufacturers to produce batteries and components
- $500 million to help produce other electric vehicle (EV) components such as electric motors
- $400 million to demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts which could include charging stations, electric rail and training for technicians to build and repair EVs
In terms of air pollution, electric cars are a brilliant alternative to diesel or gas motors. Which highlights the issue on any truly sustainable EV owner’s mind is: FUEL.
It may be very cool to drive an EV, but if your power source is electricity from coal-fired power plants, then you’re substituting one source of air pollution for another when you drive.
The sensible thing to consider is the greener alternative: SOLAR.