Source: https://openei.org/wiki/United_States_Federal_Policies/EZ_Policies
Timestamp: 2017-09-23 18:25:58
Document Index: 83117063

Matched Legal Cases: ['§ 48', '§ 54', '§ 54', '§ 168', '§ 48', '§ 168']

Download EZ Policies for United States CSV (rows 1 - 18)
Business Energy Investment Tax Credit (ITC) (Federal) United States: Energy Resources Corporate Tax Credit Yes Federal The federal business energy investment tax credit available under 26 USC § 48 was expanded significantly by the Energy Improvement and Extension Act of 2008 (H.R. 1424), enacted in October 2008. This law extended the duration -- by eight years -- of the existing credits for solar energy, fuel cells and microturbines; increased the credit amount for fuel cells; established new credits for small wind-energy systems, geothermal heat pumps, and combined heat and power (CHP) systems; allowed utilities to use the credits; and allowed taxpayers to take the credit against the alternative minimum tax (AMT), subject to certain limitations. The credit was further expanded by the American Recovery and Reinvestment Act of 2009, enacted in February 2009.
* A number of changes to this credit are scheduled to take effect for systems placed in service after December 31, 2016. The credit for equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat will decrease from 30% to 10%. The credit for geothermal heat pumps, hybrid solar lighting, small wind, fuel cells, microturbines, and combined heat and power systems will expire. The credit amount for equipment which uses geothermal energy to produce electricity will remain at 10%.
Clean Renewable Energy Bonds (CREBs) (Federal) United States: Energy Resources Federal Loan Program Yes Federal Note: The IRS is not currently accepting applications for New CREB bond volume. The deadline for New CREB applications from electric cooperatives under IRS Announcement 2010-54 expired November 1, 2010. Bond volume for other eligible sectors (government entities and public power providers) was fully allocated in October 2009.
Readers should also note that the terms "New" and "Old" CREBs are used in the following summary to distinguish between prior CREB allocations and the New CREB authorizations made by the U.S. Congress in 2008 and 2009. The use of the term "New CREBs" has legal significance in that New CREBs authorized under 26 USC § 54A and 54C have substantially different rules than prior CREB allocations authorized under 26 USC § 54.
In March 2010 Congress enacted H.R. 2847 (Sec. 301) permitting New CREB issuers to make an irrevocable election to receive a direct payment -- a refundable tax credit -- from the Department of Treasury equivalent to and in lieu of the amount of the non-refundable tax credit which would otherwise be provided to the bondholder. This option only applies to New CREBs issued after the March 18, 2010 enactment of the law. In April 2010 the IRS issued Notice 2010-35 providing guidance on the direct payment option.
Loan Program Yes Federal Community Development Block Grant/Economic Development Infrastructure Financing (CDBG/EDIF) provides public infrastructure financing to help communities grow jobs, enable new business startups and expansions for existing businesses.
State programs help achieve the national objective of CDBG by funding projects in which at least 51 percent of the new jobs created are made available to low and moderate income individuals. The maximum amounts awarded under the program are $1 million for new businesses locating to the state and $500,000 for existing businesses expanding in the state.
Interconnection Standards for Small Generators (Federal) United States: Energy Resources Interconnection Yes Federal The Federal Energy Regulatory Commission (FERC) adopted "small generator" interconnection standards for distributed energy resources up to 20 megawatts (MW) in capacity in May 2005.* The FERC's standards apply only to facilities subject to the jurisdiction of the commission; these facilities mostly include those that interconnect at the transmission level. The FERC's standards generally do not apply to distribution-level interconnection, which is regulated by state public utilities commissions. However, the FERC has noted that its interconnection standards for small generators should serve as a useful model for state-level standards.
Modified Accelerated Cost-Recovery System (MACRS) (Federal) United States: Energy Resources Corporate Depreciation Yes Federal Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. The MACRS establishes a set of class lives for various types of property, ranging from three to 50 years, over which the property may be depreciated. A number of renewable energy technologies are classified as five-year property (26 USC § 168(e)(3)(B)(vi)) under the MACRS, which refers to 26 USC § 48(a)(3)(A), often known as the energy investment tax credit or ITC to define eligible property. Such property currently includes*:
The federal Economic Stimulus Act of 2008, enacted in February 2008, included a 50% first-year bonus depreciation (26 USC § 168(k)) provision for eligible renewable-energy systems acquired and placed in service in 2008. The allowance for bonus depreciation has since been extended and modified several times since the original enactment, most recently in January 2013 by the American Taxpayer Relief Act of 2012 (H.R. 8, Sec. 331). This legislation extended the placed in service deadline for 50% first-year bonus depreciation by one year, from December 31, 2012 to December 31, 2013. Currently, bonus depreciation is not available.
Qualified Energy Conservation Bonds (QECBs) (Federal) United States: Energy Resources Federal Loan Program Yes Federal The Energy Improvement and Extension Act of 2008, enacted in October 2008, authorized the issuance of Qualified Energy Conservation Bonds (QECBs) that may be used by state, local and tribal governments to finance certain types of energy projects. QECBs are qualified tax credit bonds, and in this respect are similar to new Clean Renewable Energy Bonds or CREBs. The October 2008 enabling legislation set a limit of $800 million on the volume of energy conservation tax credit bonds that may be issued by state and local governments. The American Recovery and Reinvestment Act of 2009, enacted in February 2009, expanded the allowable bond volume to $3.2 billion. In April 2009, the IRS issued Notice 2009-29 providing interim guidance on how the program will operate and how the bond volume will be allocated. Subsequently, H.R. 2847 enacted in March 2010 introduced an option allowing issuers of QECBs and New CREBs to recoup part of the interest they pay on a qualified bond through a direct subsidy from the Department of Treasury. Guidance from the IRS on this option was issued in April 2010 under Notice 2010-35.
For more information on QECBs, contact Timothy Jones, David White, or Zoran Stojanovich of the IRS Office of Associate Chief Counsel at (202) 622-3980.
Renewable Electricity Production Tax Credit (PTC) (Federal) United States: Energy Resources Corporate Tax Credit Yes Federal Note: This credit expired at the end of 2013. Projects that were not under construction prior to January 1, 2014, are ineligible for this credit. See below for more information about determining when construction has commenced on a project.
The federal renewable electricity production tax credit (PTC) is a per-kilowatt-hour (kWh) tax credit for electricity generated by qualified energy resources and sold by the taxpayer to an unrelated person during the taxable year. Originally enacted in 1992, the PTC has been renewed and expanded numerous times, most recently by the American Recovery and Reinvestment Act of 2009 (H.R. 1 Div. B, Section 1101 & 1102) in February 2009 (often referred to as "ARRA") and the American Taxpayer Relief Act of 2012 (H.R. 6, Sec. 407) in January 2013.
Residential Energy Conservation Subsidy Exclusion (Corporate) (Federal) United States: Energy Resources Corporate Exemption Yes Federal According to Section 136 of the U.S. Code, energy conservation subsidies provided (directly or indirectly) to customers by public utilities* are non-taxable. This exclusion does not apply to electricity-generating systems registered as "qualifying facilities" under the Public Utility Regulatory Policies Act of 1978 (PURPA). If a taxpayer claims federal tax credits or deductions for the energy conservation property, the investment basis for the purpose of claiming the deduction or tax credit must be reduced by the value of the energy conservation subsidy (i.e., a taxpayer may not claim a tax credit for an expense that the taxpayer ultimately did not pay).
Residential Energy Conservation Subsidy Exclusion (Personal) (Federal) United States: Energy Resources Personal Exemption Yes Federal According to Section 136 of the U.S. Code, energy conservation subsidies provided (directly or indirectly) to customers by public utilities* are non-taxable. This exclusion does not apply to electricity-generating systems registered as "qualifying facilities" under the Public Utility Regulatory Policies Act of 1978 (PURPA). If a taxpayer claims federal tax credits or deductions for the energy conservation property, the investment basis for the purpose of claiming the deduction or tax credit must be reduced by the value of the energy conservation subsidy (i.e., a taxpayer may not claim a tax credit for an expense that the taxpayer ultimately did not pay).
Residential Renewable Energy Tax Credit (Federal) United States: Energy Resources Personal Tax Credit Yes Federal Established by The 'Energy Policy Act of 2005, the federal tax credit for residential energy property initially applied to solar-electric systems, solar water heating systems and fuel cells. The Energy Improvement and Extension Act of 2008 extended the tax credit to small wind-energy systems and geothermal heat pumps, effective January 1, 2008. Other key revisions included an eight-year extension of the credit to December 31, 2016; the ability to take the credit against the alternative minimum tax; and the removal of the $2,000 credit limit for solar-electric systems beginning in 2009. The credit was further enhanced in February 2009 by The American Recovery and Reinvestment Act of 2009, which removed the maximum credit amount for all eligible technologies (except fuel cells) placed in service after 2008.
Tribal Energy Program Grant (Federal) United States: Energy Resources Federal Grant Program Yes Federal The U.S. Department of Energy's (DOE) Tribal Energy Program promotes tribal energy sufficiency, economic growth, and employment on tribal lands through the development of renewable energy and energy efficiency technologies. The program provides financial assistance, technical assistance, and education and training to tribes for the evaluation and development of renewable energy resources and energy efficiency measures.
Program funding is awarded through a competitive process. Click here to view current program funding opportunities, here for other tribal-energy related funding opportunities, and here to apply for technical assistance.
U.S. Department of Energy - Loan Guarantee Program (Federal) United States: Energy Resources Federal Loan Program Yes Federal
Loan guarantees are provided in response to open solicitations. A solicitation for Renewable Energy Projects and Energy Efficiency Projects was issued in July 2014, with a final Part I application due date of December 2, 2015. Up to $2.5 billion is available for projects in renewable energy, efficient end-use, and efficient generation, transmission, and distribution technologies. See the program website for more details on eligibility and the application process.
U.S. Federal Government - Green Power Purchasing Goal (Federal) United States: Energy Resources Green Power Purchasing Yes Federal The federal Energy Policy Act of 2005 (EPAct 2005) extended and expanded several previous goals and standards to reduce energy use in existing and new federal buildings. Section 203 of EPAct 2005 requires that, to the extent it is economically feasible and technically practicable, the total amount of renewable electric energy consumed by the federal government during any fiscal year shall not be less than the following:
USDA - Biorefinery Assistance Program (Federal) United States: Energy Resources Federal Loan Program Yes Federal USDA Rural Development is offering loan guarantees for the development, construction, and retrofitting of commercial-scale biorefineries. Eligible borrowers include individuals, entities, Indian tribes, state or local governments, corporations, farm cooperatives or farm cooperative organizations, associations of agricultural producers, National Laboratories, institutions of higher education, rural electric cooperatives, public power entities, and consortium of any of these types of entities. Financed entities must provide at least 20% of the financing for eligible project costs, and applications for funding must include an independent feasibility study and technical assessment. Eligible project costs include the purchase and installation of equipment, construction or retrofitting costs, permit and licensing fees, working capital, land acquisition, and the costs of financing.
USDA - High Energy Cost Grant Program (Federal) United States: Energy Resources Federal Grant Program Yes Federal NOTE: The most recent solicitation for this program closed August 1, 2014. Please check the program website for information on future solicitations.
USDA - Repowering Assistance Biorefinery Program (Federal) United States: Energy Resources Federal Grant Program Yes Federal The Repowering Assistance Program provides payments to eligible biorefineries to replace fossil fuels used to produce heat or power to operate the biorefineries with renewable biomass. Reimbursement payments are provided to offset a portion of the costs associated with the conversion of existing fossil fuel systems to renewable biomass fuel systems.
USDA - Rural Energy for America Program (REAP) Grants (Federal) United States: Energy Resources Federal Grant Program Yes Federal Note: The U.S. Department of Agriculture's Rural Development issues periodic Notices of Solicitation of Applications for the Rural Energy for America Program (REAP) in the Federal Registry. The most recent solicitation for the REAP program was on May 5th, 2014 and can be viewed in the Federal Registry here. The next Notice of Funding Availability will be published in the Federal Registry and on the USDA website here.
**Land grant colleges and universities are referred to above as "schools" and "institutions". It is important to note that K-12 schools are not eligible for this grant.
USDA - Rural Energy for America Program (REAP) Loan Guarantees (Federal) United States: Energy Resources Federal Loan Program Yes Federal ote: The U.S. Department of Agriculture's Rural Development issues periodic Notices of Solicitation of Applications for the Rural Energy for America Program (REAP) in the Federal Registry. The most recent solicitation for the REAP program was on May 5th, 2014 and can be viewed in the Federal Registry here. The next Notice of Funding Availability will be published in the Federal Registry and on the USDA website here.
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