HVAC Breaking News

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

July 4, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
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.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts

ACHRNEWS

NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 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.

DON'T MISS A THING

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

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con