HVAC Breaking News

July 4, 2005: Vermont Requires Renewable Energy, Iowa Expands Tax Credits

MONTPELIER, Vt., and DES MOINES, Iowa - Vermont and Iowa have both passed legislation that will encourage greater use of renewable energy within their states.

In Vermont, Governor Jim Douglas signed a bill that establishes a renewable energy requirement for electricity sold within the state. Through 2011, every retail provider of electricity in Vermont must meet its growth in electrical demand using new renewable energy resources or must buy renewable energy credits equal to its growth in energy sales. Electricity providers can also use a combination of new renewable energy resources and renewable energy credits. The new law sets a cap at 10 percent of the electricity provider's energy sales in 2005 and provides an incentive for electricity providers to enter into long-term purchase agreements with renewable energy facilities.

The law also includes measures to encourage combined heat and power facilities, removes a cost cap for energy efficiency programs, and requires the state's public service board to set interconnection standards for small power generators.

In Iowa, Governor Tom Vilsack signed a bill that extends wind energy production tax credits to producers of energy products from biomass or solar energy. To earn the tax credit, the producers must have a signed agreement for the purchase of their energy product, which can be in the form of electricity, biogas, hydrogen, or heat for a commercial purpose. The bill, Senate File 390, applies to facilities placed in service after July 1 of this year and before 2011. The renewable energy facilities can earn tax credits for up to 10 years.

Publication date: 07/04/2005

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Clint Schreck

Clint Schreck, general manager, Columbus Worthington Air, Columbus, Ohio, discusses winning Angie’s List Super Service Award, how to handle online reviews, and much more.

More Podcasts


NEWS 05-18-15 cover

2015 May 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con