Congress Spares Energy Spending, Credits in Compromise Stimulus Bill

[jpak]

http://earth2tech.com/2009/02/12/congress-spares-energy-spending-credits-in-compromise-stimulus-bill/
http://earth2tech.com/2009/02/12/congress-spares-energy-spending-credits-in-compromise-stimulus-bill/

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According to an AP report, lawmakers have allotted a total of $50 billion for energy programs in the compromise version, compared with $54 billion proposed in the House last month. If lawmakers and then President Obama give the green light to this version, production tax credits for wind energy will be extended through 2012, and for geothermal and marine energy through 2013. Below are more highlights — from BusinessWeek and the AP:

Weatherizing Homes: $6.4B
Smart Grid: $11B
Renewable Energy Loan Subsidies: $13.9B
State Energy Efficiency and Clean Energy Grants: $6.3B
Federal Building Efficiency Improvements: $4.5B
Plug-in Hybrid Tax Credit: Up to $7,500 per family
Advanced Research Project Agency for Energy: $400M
Tax Incentives for Renewable Energy and Energy Efficiency (over 10 years): $20B

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edit: the republics really pared these back - ugh