The climate portion of Build Back Better includes about $555 billion aimed at moving the American economy away from its 150-year-old reliance on fossil fuels and toward clean energy sources. Instead of penalties to punish polluters, the bill offers incentives for industries, utilities and individuals to shift from burning oil, gas and coal for energy and transportation to using wind, solar and other forms of power that do not emit carbon dioxide, the most plentiful of the greenhouse gases that are warming the world.
It would provide about $320 billion in tax credits for producers and buyers of wind, solar and nuclear power. Buyers of electric vehicles would receive up to $12,500 in tax credits. It would extend existing tax credits to lower costs for homeowners of installing solar panels, geothermal pumps and small wind turbines, covering up to 30 percent of the bills. Read more here.
APPA FACT SHEET OF POTENTIAL INTEREST
The Need for Direct Payment Of Refundable Tax Credits for Public Power
APPA believes that if Congress intends to create incentives in pursuit of national energy and climate goals, it should realize that tax-based incentives will not have the market-wide reach of direct grants and other incentives. As a result, the association believes that tax-based incentives should be drafted to accommodate tax-exempt entities, including public power utilities.
UTILITY DIVE SERIES
2022 Outlook: FERC expected to prioritize transmission, power markets and gas infrastructure, by Ethan Howland, Senior Reporter
This is the third part of Utility Dive’s 2022 Outlook Series.
With its oversight of interstate transmission and wholesale power markets, FERC, an independent agency, has a major role in the energy transition. “FERC’s regulation is central to the resilient, reliable future grid that’s already developing,” John Moore, director of the Sustainable FERC Project at the Natural Resources Defense Council, said.
Potential changes to the transmission system are driven by the growth of renewable energy, especially in areas that are far from major population centers, according to Moore. Other developments that are driving a focus on transmission planning include the development of offshore wind farms and the shift away from fossil fuels for cars, trucks and buildings, which will drive up electricity use, Moore said.
Referenced in the article: FERC’s new Office of Public Participation
Upcoming Resources for the Future Webinar: Policy Leadership Series with FERC Commissioner Allison Clements, January 25, 2022 at 10 a.m. Central Time
Fourth Part of Utility Dive’s 2022 Series
2022 Outlook: US solar and wind boom continues despite supply chain woes, Build Back Better uncertainty, by Iulia Gheorghiu
INTERIOR DEPARTMENT NEWS
Interior’s 2022 energy strategy: 3 things to watch, E&E News
Interior’s efforts will include authorizing solar energy in Western deserts and leasing waters in the Atlantic Ocean to offshore wind developers, as well as reexamining the rules that govern decommissioning offshore pipelines, drilling for oil and digging for federal coal . . . Meanwhile, renewables are about to get a boost on public lands.
Additional Recommended Reading: Offshore wind: a key to unlocking the American transition to a clean, reliable and affordable energy future, American Clean Power Association
USDA NEWS RELEASES
USDA’s Office of Tribal Relations Highlights 2021 Accomplishments to Advance Equity and Opportunity for Tribal Nations and Communities
“USDA and the federal government have a distinct relationship with tribal nations,” said USDA Office of Tribal Relations Director Heather Dawn Thompson. “We are embarking on new initiatives to reframe approaches to how USDA serves Indian Country and promotes government-to-government relationships with tribal nations.”
MIDAMERICAN ENERGY NEWS RELEASE
MidAmerican Energy proposes $3.9 billion “Wind PRIME” renewable energy project
In a filing with the Iowa Utilities Board, MidAmerican’s proposed project, called Wind PRIME, would add 2,042 megawatts of wind generation and 50 megawatts of solar generation. The company also proposed conducting feasibility studies focused on other clean generation technologies, including carbon capture, energy storage and small modular nuclear reactors.
FEATURED EDUCATIONAL ORGANIZATION
The Zero Energy Project is a non-profit educational organization whose goal is to help home buyers, builders, designers, and real estate professionals take meaningful steps towards radically reducing carbon emissions and energy bills by building zero net energy homes and near zero energy homes.
We envision the day when positive energy homes, which produce more energy than they consume, will power electric vehicles as well as homes, so that everyone can live well with less expense and without fear of energy price spikes, while greatly reducing our carbon emissions.
Zero Energy Project’s Directory of Zero Energy Building Professionals
Recent Blog Post: Net-Zero vs Passive House: What are the Similarities and Differences?
DOE BETTER BUILDINGS WEBINAR
PV Valuation: How Solar PV Adds Value to Your Assets, February 1, 2022, 10 a.m. CT
Rooftop solar is a common renewable energy strategy, and owners and operators are now exploring potential financial benefits to the value of commercial and industrial properties. Learn from several building owners and managers on how they made the business case for solar PV and found increased asset value during appraisal or at the time of sale. This webinar will highlight multiple building types and financial models for solar PV.