Remove 2006 Remove Congress Remove Tax Remove Tax Credit
article thumbnail

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

Other finds from the study include: Subsidies to fossil fuels generally increased over the study period (though they decreased in 2008), while funding for renewables increased but saw a precipitous drop in 2006-07 (though they increased in 2008). billion) and the Credit for Production of Nonconventional Fuels ($14.1

Renewable 338
article thumbnail

US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects

Green Car Congress

Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits in support of an estimated 5,000 biomass, solar, wind, and other types of renewable energy production facilities. This direct payment program allows for an immediate stimulus in local economies.

article thumbnail

60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).

article thumbnail

DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

In June 2009, the State of Louisiana announced a performance-based incentive package of more than $133 million of infrastructure, tax credits, tax abatements and customized training as part of a Cooperative Endeavor Agreement (CEA) with VVC in which the company agreed to renovate and expand a former General Motors plant in Monroe.

San Diego 186
article thumbnail

Google Ogles Plug Ins

Plug In Partners

Philanthropy Google’s Way: Not the Usual By KATIE HAFNER New York Times Published: September 14, 2006 SAN FRANCISCO, Sept. Philanthropy Google’s Way: Not the Usual By KATIE HAFNER New York Times Published: September 14, 2006 SAN FRANCISCO, Sept. It will also pay taxes. H ere is a big development for PHEVs.

Google 100
article thumbnail

Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

Other sources of incentives, however, such as federal investment tax credits (ITCs) and the Treasury Grant Program, have become more significant. For commercial PV systems, the average combined after-tax value of federal and state ITCs, plus direct cash incentives provided by state and local incentive programs, was $3.90/W

2010 207