Economic Stimulus-Green Recovery: Senate-House Energy Compromises

Details have been dribbiling into my inbox (thanks, You-know-who-you-are) on the final appropriations in the economic recovery bill -- which alone should create well over half a million jobs. I'll update this post as if and as I get different information:

Energy: About $50 billion, focused primarily on efficiency and renewable energy, including:

• $6 billion for renewable energy loan guarantees, via a temporary program to provide loan guarantees for renewable energy systems, electric power transmission systems that begin construction by September 30, 2011.
  • Up to $500 million can be used for the development of leading edge biofuels that have been demonstrated and have commercial promise to substantially reduce greenhouse gas emissions.
• $6.4 billion to clean up nuclear weapons production sites
• $6.3 billion [$3.1 billion] in state energy efficiency and clean energy grants
• $5 billion to weatherize modest-income homes; increases the per-home maximum assistance from $2,500 to $6,500
• $4.5 billion [$11 billion] for smart grid demonstration projects in geographically diverse urban, suburban, tribal, and rural areas
• $4.5 billion make federal buildings more energy efficient
• About $2 billion for tax credits for families that purchase plug-in hybrid vehicles ($2,500 per vehicle)
• $3.1 billion for state energy program funds, to encourage utility-sponsored energy efficiency improvements and updated energy- efficient building codes
• [$3.4 billion for fossil energy research]
• $500 million for green job training
• $400 million for states to develop electric car charging Infrastructure
• $400 million for the Advanced Research Project Agency for Energy
• $300 million for federal procurement of plug-in and other fuel efficient vehicles
• $300 million for state and local procurement of CNG buses and light trucks
• $300 million for diesel retrofits to increase efficiency of older trucks
• $300 million in rebates for purchases of energy-efficient furnaces, windows and doors, or insulation
• $300 million for Department of Defense near-term energy efficiency technology demonstrations and research
• $120 million for Department of Defense energy conservation investment program

Tax Incentives: $20 billion for renewable energy and energy efficiency over the next 10 years:

• Includes a three-year extension of the production tax credit (PTC) for electricity derived from wind (through 2012) and for electricity derived from biomass, geothermal, hydropower, landfill gas, waste-to-energy, and marine facilities (through 2013)
• 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
• Promotes energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation
• Provides a tax credit for families that purchase plug-in hybrid vehicles of up to $7,500 to spur the next generation of American cars
• Includes clean renewable energy bonds for State and local governments
• 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