More than a hint of mint in the stimulus plan

by The Green A-Team

A breakdown of the numbers from the NRDC:

The bill provides:

$6 billion for clean and safe water, creating more than 200,000 jobs

  • This insures critical funding for the nation’s pipes and treatment plants.  We don’t often worry too much about where our clean water comes from and this line seeks to keep it that way.

$4.5 billion for greening federal buildings

  • The Federal building codes and standards apply to buildings constructed or used by any Federal agency that is not legally subject to state or local building codes.  This means that any building, not just the White House, Pentagon, Capital Building, etc., ANY building paying their energy bills with Federal money will be subject to completely revised energy efficiency performance standards which have been set by the DOE.

State energy grants, issued through the Treasury Department, that will fund renewable energy projects that are eligible for the available tax credits.

  • As of October of last year, the Energy Improvement and Extension Act of 2008 prolonged tax credits in solar, 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; extended eligibility for the credits to utilities; and allowed taxpayers to take the credit against the alternative minimum tax (AMT) subject to certain limitations.  If you’ve got these systems already in place are are planning to build new ones, you should apply here.

Funding for the state energy program, which includes important utility reforms and building code conditions.

$2.5 billion for energy efficiency and renewable energy Research and Development.

  • In many cases, the technology just isn’t there yet and it takes resources to get there, hence, this line item.

$5 billion for the Weatherization Assistance Program, creating approximately 90,000 jobs

  • The expansion of this service will help the program reach a critical mass and deliver what it was designed to do – help low income families make energy efficiency improvements on their homes and spend less on utilities.  See if you qualify here.

A multi-year extension of the renewable production tax credit.

  • Even greater insurance to individuals and corporations interested in these upgrades that their renewable energy improvements will be rewarded for many years to come.  This is the kind of thing that boosts investor confidence in green stocks.

A more effective tax credit for home efficiency upgrades.

$6 billion in loan guarantees for renewables, transmission and leading edge biofuels

  • This is a great boon for companies investing in these industries.  Now there will be real money to back up the loans guaranteed by the government.  This comes as particular significance to the USDA.

$2 billion for advanced batteries

  • More than just rechargeable batteries for your TV remote, this category of tech development may be the most important.  Certainly the automotive industry has a lot to gain with hybrid-electric vehicles seeking to replace the current fleet.  Here’s an interesting piece from the US Advanced Battery Consortium (USCAR).  The storage of electricity produced on a massive scale for residential and commercial use is also an integral component to making the new renewable grid happen.

$9.3 billion for intercity rail, including high-speed rail

  • With these new high-speed rail systems, the U.S. may actually be up to speed with the rest of the world.  Here’s a little more on that idea.

$27.5  billion for highways (this large pot of money is not exclusively for highways, and states and cities must use this flexibility to invest in fuel-efficient public transportation)

  • While this may seem a bit imbalanced up against the public transportation budgets, the ethos behind it suggests the auto fleet will be markedly cleaner by the time the highways are improved.  Like it or not, the U.S. is a car culture which means the industries and infrastructure must change to accommodate it.

$8.4 billion for transit

$1.5 billion in competitive grants for transportation investments (which could be used for public transportation)

  • These last two lines combined with the high-speed rail budget is a pretty formidable sum to help the country’s beleaguered public trans condition.  However, it may also prove to be a mere drop in the bucket if the other energy system improvements are not met.

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3 Responses to “More than a hint of mint in the stimulus plan”

  • Theresa Says:

    A very nice concise, easy to digest summary. While we wait for the advancement of rechargeable batteries, I’d like to share a tip for your readers of what they can do today with their used rechargeable batteries – the ones that can no longer hold a proper charge. From cell phones, laptops, mp3 players, PDAs, digital cameras, camcorders, power tools, electric toothbrushes, electric razors, portable scanners, two-way radios… – anything that needs to be plugged into an outlet to get a charge. They can be recycled nationwide (in the US and Canada) through

  • miggs Says:

    The tax credits for combined heat & power should go a long way. I’m associated with Recycled Energy Development, which is chaired by Tom Casten, the guy who coined the phrase “combined heat & power.” The reason is it’s probably the best way to save money while cutting greenhouse gases. EPA and DOE estimates actually suggest energy recycling (of which CHP is the largest form) would cut our global warming pollution by 20%, which is as much as if we removed every passenger vehicle from the road. This is good to see.

  • Rich Awn Says:

    This is GREAT to see! I’d love to get some more stories from beneficiaries of the grants. Anyone care to step forward?

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