The American Clean Energy and Security Act of 2009 is intended to create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy. This law would support transition and provide long-term stability for the economy, environment and the solar industry.
HR 2454 was introduced on May 15, 2009, passed in the House of Representatives on June 26, 2009 and if signed into law would take effect in 2011. HR 2998 was introduced June 23, 2009 and referred to committee.
American Clean Energy and Security Act of 2009 was introduced on May 15, 2009, passed in the House of Representatives on June 26, 2009 and if signed into law would take effect in 2011. For more information about current solar incentives see our article on the Current Solar Financial Benefits for Homeowners.
What does this legislation mean to the residential solar industry outlook?
Consumers generating renewable energy for utility companies would receive three RECs for each mwh of eligible renewable electricity generated for, an average renewable energy credit of $.075/kWh.
Funds collected from utility non-compliance payments and penalties will be distributed annually to help deploy renewable energy technologies and help cost-effective energy efficiency programs.
Maybe you've noticed the solar financing options for homeowners and the number of solar buying groups are increasing. On January 1, 2009, the Federal Residential Renewable Energy Tax Credit was revised to unlimited status.
Renewable Energy State Requirements can go farther than the federal renewable energy standards. 25 states and the District of Columbia have set state renewable energy requirements. This means that the states require a percentage of electricity to come from renewable energy.
The American Clean Energy and Security Act of 2009 provides a minimum state renewable energy requirement of 20% by 2020. HR 2454 incentives to implement renewable energy through distributed generation includes homeowners. Distributed generation is defined as primarily serving 1 or more electricity consumers at or near the facility site.
Under the American Clean Energy and Security Act of 2009, state renewable energy incentive programs must be preserved, renewable energy requirements by state may exceed federal requirements for renewable energy generation and states may set renewable energy rates to reimburse consumers for generating renewable energy.
Bookmark this page to monitor the American Clean Energy and Security Act of 2009 status in the legislative process. Source http://energycommerce.house.gov/Press_111/20090515/hr2454.pdf. |
