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New Clean Energy Tax Credits E-mail
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In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.

Qualifying manufacturing facilities included the production of a wide range of clean energy products:

  • Solar, wind, geothermal, or other renewable energy equipment
  • Electric grids and storage for renewables
  • Fuel cells and microturbines
  • Energy storage systems for electric or hybrid vehicles
  • Carbon dioxide capture and sequestration equipment
  • Equipment for refining or blending renewable fuels
  • Equipment for energy conservation, including lighting and smart grid technologies
  • Plug-in electric vehicles or their components, such as electric motors, generators, and power control units
  • Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Secretary of the Treasury.

The statutorily specified review criteria included:

  • Greatest domestic job creation (direct and indirect)
  • Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest levelized cost of energy
  • Greatest potential for technological innovation and commercial deployment
  • Shortest project time from certification to completion
More information at Fact Sheet: $2.3 Billion in New Clean Energy Manufacturing Tax Credits
 
EERE Financial Opportunities
Financial opportunities and solicitations for business, industry, and universities from DOE's Office of Energy Efficiency and Renewable Energy (EERE).
  • Energy Production with Innovative Methods of Geothermal Heat Recovery
    Funding Opportunity Number: DE-FOA-0000336
    Funding Organization: Office of Energy Efficiency and Renewable Energy
    Open Date: 2010-08-19
    Close Date: 2010-11-30
    Funds Available:
    Description:

    The U.S. Department of Energy's (DOE's) Geothermal Technologies Program (GTP) is partnering with the technical community to advance geothermal systems research and development throughout the United States. This FOA seeks to fund geothermal energy research and development projects that address the following three areas.

    First, projects must address environmental risk factors associated with recovery of heat from the subsurface consistent and seek to ensure that geothermal energy development is consistent with the highest practicable standards, consistent with the Energy Independence and Security Act of 2007, section 614. The environmental risks may include, but are not limited to: the impacts of induced seismicity, effects on groundwater and local hydrology, and consumption (and potential contamination) of potable/fresh water.

    Second, DOE seeks projects that will add innovative methods for extracting heat from geologic formations lacking hydrocarbons to GTP's technology portfolio.

    Third, projects should aim to reduce the Levelized Cost of Electricity for new methods of geothermal energy production to $0.10 kWh to $0.06 kWh.

    DOE's objective is to promote geothermal heat recovery technologies that mitigate or preclude potential adverse environmental impacts of geothermal energy development, production or use; include innovative methods for extracting heat; and alleviate financial risks.

  • RFI - Advanced Hydropower Technology Development and Deployment
    Funding Opportunity Number: DE-FOA-0000406
    Funding Organization: Office of Energy Efficiency and Renewable Energy
    Open Date: 2010-08-16
    Close Date: 2010-09-17
    Funds Available: $0
    Description:

    This is a Request for Information (RFI) not a Funding Opportunity Announcement. No funding is available with this RFI. The Department of Energy and the Bureau of Reclamation are requesting input from the public on new, advanced hydropower technologies that are ready for demonstration and testing, or that are worthy of additional research and development investments. The term "advanced technology" means products that are not already widely available commercially and that offer substantial energy and environmental benefits to renewable energy portfolios in the United States.