Grant up to 30% for new Renewable Energy Facilities??? COES??

The SkunK has been trying to read the actual stimulus package since it passed but of course it is on one server for 300 million people to share. All other sites refer to this one. It is in the conference reports A and B section. Total just over 1000 pages on two PDFs. No alternative download sites. Think its down? Oh yeah. Big Time. Here is the site and good luck. http://www.rules.house.gov/bills_details.aspx?NewsID=4149

Until I can read the actual: Here is a fact sheet from the Speaker of the House (best I can do for for a primary source for now) The devil is always in the details, but we will work with what we have. http://sefora.org/wp-content/uploads/2009/02/conference-report.doc

I list things here as I see their importance.

o Provides grants of up to 30 percent of the cost of building a new renewable energy facility to address current renewable energy credit market concerns.

WOW. Did that just say the governemt will pay up to 30% of the cost of a new COES? Last I heard they plant corn every year. Sounds renewable to me. A grant is good. A grant is not a loan, where they kinda expect you to pay it back. A grant is not an investment, where they expect a percentage of what you build. No, a grant is good. The details will hopefully show GERS will qualify with their COES. I am reaching here, but maybe also to expand the NextDiesel and Montana sites as well. No wonder GE/CBE wants a buy in rather than a loan on the COES. Thirty percent is a heck of a return for just showing up!

o Provides $20 billion in tax incentives for renewable energy and energy efficiency over the next 10 years. [Good]

o Establishes a new manufacturing investment tax credit for investment in advanced energy facilities, such as facilities that manufacture components for the production of renewable energy, advanced battery technology, and other innovative next-generation green technologies. [Nice]

o Includes a variety of provisions to help small business, including small business expensing for investment in new plants and equipment, loss carry back for small businesses, a delay of the 3% withholding tax on payments to businesses that sell goods or services to governments, and a cut in the capital gains tax cut for investors in small businesses who hold stock for more than five years. [Man, if there is a capital gain on 5 year old GERS stock this year, I'll buy a house next to Billy Gates. lol]

o Provides assistance to companies looking to reduce their debt burdens by delaying the tax on businesses that have discharged indebtedness, which will help these companies strengthen their balance sheets and obtain resources to invest in job creation. [GERS has some debt.]


Here is one of the many summaries on the energy portion of the bill:

Energy firms may reap the biggest rewards from the package, which is flush with dollars for investment in renewable energy and smart grid technologies. The bill includes $11 billion to improve the electric grid, including to provide for more efficient transmission of power from renewable sources. That would help smart grid technology providers such as Ambient Corp. (ABTG) and Echelon Corp. (ELON). Wind energy producers such as GE Energy, a unit of General Electric Co. (GE) [although it is just says 'a unit' of GE, the SkunK figures GE Energy must have something to do with GE. lol] , and Spain's Iberdrola SA (IBE.MC), would gain under a three-year extension of green energy production tax credits. Renewable energy tax incentives total $15 billion. Wind firms and solar companies such as SunPower Corp. (SPWRA) won a new grants program designed to provide a direct cash infusion to projects that have lagged because of tight credit markets and a lack of tax credit investors. Technology firms generally are happy with the infusion of money for health information technology and the "smart" energy grid. They are also pleased with some $7 billion in grants for new high-speed Internet connections in rural areas, according to Bruce Mehlman, who is co-chairman of the Internet Innovation Alliance, or IIA.

More details as I find them,

Good Hunting
SkunK