New Federal Bailout Bill Includes Incentives for Biomass, Waste-to-Energy

The federal Economic Stimulus Bill HR1424, more commonly referred to as "The Bailout," brought with it incentives for renewable energy production that will have apositive impact on the deployment of biomass and waste-to-energy conversiontechnologies.

 

These new opportunities and more will be discussed at the "Energy from Biomass and Waste" Exposition & Conference on October 14-16 in Pittsburgh

 

The bill provides authorization of $2 billion of new Clean RenewableEnergy Bonds for facilities producing electricity from resourcesincluding all types of biomass, landfill gas, and trash combustion.

 

It further extends the biodiesel Production Tax Credit for three years,expanding the field to include non-vegetable oil diesel producers, andincludes a continuation of E85 station and fossil-free alcohol PTCs. Forcellulosic ethanol facilities that are placed into operation before January1, 2013 the bill provides a 50 percent cost write off.

 

The Economic Stimulus Bill is HR 1424.

 

The Conferenceis sponsored by the U.S. Department of Agriculture, thePennsylvania State University, the West Penn Power Sustainable Energy Fund,and Herbert, Rowland & Grubic, Inc.