Special (green) interests can range from renewable energy to recycling. The money is flowing to companies, municipalities, airports, you name it.
- In October, the Biden administration gave school districts $913 million to buy new buses (mostly electric). In addition, it put $27 million into electrifying buses and equipment at airports. (This after awarding $300 million to airports in 2021 to airports for similar reasons.) From Maria Gallucci on Canary Media.
- The Department of Energy plans to spend $1 billion to “improve energy generation in rural or remote communities across the country.” It has created a new Office of Clean Energy Demonstrations (OCED), which is seeking public input on how to do that. Here are some examples of tax credits the new office is offering, according to a legal newsletter:
- A new tax credit for companies whose components for “wind, solar, and battery projects” are made in the U.S.
- Increasing existing tax credits for renewable facilities if 100 percent of its steel or iron is U.S.-made or 40 percent of manufactured components are made in the U.S.
- Expanding the tax credit for “purchasing and commissioning property” to build a solar manufacturing facility. The expanded credit includes “additional types of qualified investments for up to $10 billion in credits. “
- Recycling: The EPA is beginning its first tranche of recycling grants—$70 million for infrastructure projects owned by public entities like municipalities and public-private partnerships and $30 million for recycling education. A total of $275 million from the act will go to recycling infrastructure. From Megan Quinn of Waste Dive.
Image from Pixabay.