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| Bio Fuel |
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Biodiesel is a domestically produced, clean-burning, renewable substitute for petroleum diesel. It is made from... |
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| Wind Energy |
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Wind power is one of the cleanest forms of alternative energy available and the least expensive to produce. It is sustainable... |
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| Solar Energy |
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Like wind energy, solar energy is a clean, sustainable form of alternative energy. It is typically... |
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| Government Support of Alternative Energy |
| President-Elect Obama has clearly stated his support of aggressively developing green technology and alternative energy. His plans include: |
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Investing in a "Clean Energy Economy" to create 5 million new green jobs |
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Investing at least $15 billion per year to support the development of clean energy |
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Converting manufacturing centers into clean technology leaders |
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Requiring all new vehicles be flexible fuel vehicles |
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Federal mandates are already in place that will significantly increase the use of alternative fuels. |
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| Executive Order 13423, "Strengthening Federal Environmental, Energy, and Transportation Management", supports the biodiesel industry by requiring improved energy efficiency for all federal agencies; reduced greenhouse gas emissions at a 3% annual rate, and reduced consumption of petroleum products at a 2% annual rate. It also set standards that are now being followed by state governments. |
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| The Energy Independence and Security Act (P.L. 110-140, H.R. 6) requires the reduction of air pollutant and greenhouse gas emissions; promotes greater use of alternative energy sources; provides significant federal support in the form of tax incentives, loans, grant programs, and regulatory programs for renewable energy, and creates a new, 36 billion gallon renewable fuel requirement program that begins in 2009 and continues for thirteen years. Under this program, the volume of renewable fuels will increase from 11.1 billion in 2009 and rise to 36 billion by 2022
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| Tax Credits, Grants, and Loans |
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| The Federal government provides the following incentives: |
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Federal tax credits for alternative energy producers and infrastructure |
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Federal grants for product development and research and development |
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Federal loan guarantees for up to 80% |
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| State governments provide the following incentives: |
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State tax credits for infrastructure |
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State grants |
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State purchase requirements |
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Govt Incentives and Credits