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Abstract: . . . 4.0 0.0 -0.1% Renew. Production Incentive 5.0 5.0 4.9 0.0 -0.1% PROGRAM MANAGEMENT 115.1 111.9 102.0 -9.9 -8.8% RENEWABLES, SUBTOTAL 270.3 275.2 359.2 84.0 30.5% Renewables R&D Subtotal 242.5 236.2 341.9 105.6 44.7% RENEWABLES, EARMARKS 52.0 80.0 0.0 -80.0 -100.0% Prior Year Balances (EERE) -5.3 — — EERE, TOTAL 1,234.3 1,173.8 1,176.4 2.6 0.2% Office of Electricity Delivery & Energy Reliability (OE)* 117.9 161.9 124.9 -36.9 -22.8% . . . . . . of Science and TechnologyPolicy. Domestic Policy Council. American Competitiveness Initiative. February 2006. 23 p. [http://www.ostp.gov/html/ACIBooklet.pdf] U.S. Government Accountability Office (GAO). Renewable Energy: Wind Power’s Contribution to Electric Power Generation and Impact on Farms and Rural Communities. [GAO-04-756] September 3, 2004. [http://www.gao.gov/ docsearch/abstract.php?rptno=GAO-04-756] Worldwatch Institute. . . . . . . 02-17-06 CRS-15 Solar Electric Power Association (SEPA). [http://www.solarelectricpower.org/] Solar Energy Industries Association (SEIA). [http://www.seia.org/] Tax Incentives Assistance Project. [http://www.energytaxincentives.org/] U.S. Department of Energy. Energy Efficiency and Renewable Energy Network. [http://www.eere.energy.gov/] U.S. Department of Energy. Green Power Network Clearinghouse. [http://www.eere.energy.gov/greenpower/] . . . . . . Among the tax measures, §1301 extends the renewable en- ergy production tax credit for two years, §1303 provides $800 million in renewable energy bonds, §1335 establishes a residential solar (heat and electricity) tax credit, and §1337 increases a business solar tax credit. However, the enacted law does not include a Senate-proposed provision to set a 10% re- newable portfolio standard. P.L. 109-59 (H.R. 3) contains several provisions . . . . . . EGISLATION C ONGRESSIONAL H EARINGS , R EPORTS , AND D OCUMENTS F OR A DDITIONAL R EADING CRS Reports Websites Page 3 IB10041 02-17-06 Congressional Research Service ˜ The Library of Congress Renewable Energy: Tax Credit, Budget, and Electricity Production Issues S UMMARY Energysecurity, amajor driverof federal renewable energy programs in the past, came back into playas oil and gas prices rose late in the year 2000. The terrorist attack . . . . . . Solar Revenue Bond Initiative. [http://www.votesolar.org/sf.html]. Page 19 IB10041 02-17-06 CRS-16 Table 2. DOE Renewable Energy Budget for FY2005-FY2007 (selected programs, $ millions) OFFICE OF ENERGY EFFICIENCY AND RENEWABLE ENERGY (EERE) FY2005 Appn. FY2006 Appn. FY2007 Request FY2007- FY2006 Percent Change HYDROGEN TECHNOLOGY 166.8 155.6 195.8 40.2 25.8% Fuel Cell Technology 81.9 67.8 96.6 28.8 42.4% BIOMASS & BIOREFINERY . . . . . . 275.2 359.2 84.0 30.5% Renewables R&D Subtotal 242.5 236.2 341.9 105.6 44.7% RENEWABLES, EARMARKS 52.0 80.0 0.0 -80.0 -100.0% Prior Year Balances (EERE) -5.3 — — EERE, TOTAL 1,234.3 1,173.8 1,176.4 2.6 0.2% Office of Electricity Delivery & Energy Reliability (OE)* 117.9 161.9 124.9 -36.9 -22.8% Source: DOE FY2007 Congressional Budget Request, v. 3; Feb. 2006. *Funding for Distributed Energy was moved to OE. . . . --3000,7,214,3513,48213
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