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Funding Resources
Funding Resources
| Adv. Power System Tech Program - Sec 1224 | |
|---|---|
| Type of Incentive | Rebate |
| Eligible States | National |
| Eligible Technology | Backpressure Turbine, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards |
|
| Size of Award | Under the Energy Policy Act of 2005 (EPACT) owners or operators of advanced power system technologies are eligible for a payment of 1.8 cents per kWh of electricity generation. Qualifying facilities must use an advanced fuel cell, turbine, or hybrid power system or a power storage system to generate or store electricity. Facilities are eligible up to the first 10 million kWh produced in a fiscal year. The program runs from 2006-2012 and 10 million is authorized to be appropriated. An additional 0.7 cents per kWh is available for owners or operators of qualifying security and assured power facilities as deemed appropriate by the Department of Energy (DOE) and Homeland Security. |
| Start Date | 1/1/2006 |
| End Date | 12/31/2012 |
| Minimum Efficiency(%) |
|
| Additional Information | Funding for this incentive will be made available when Congress authorizes it. |
| Web Site | http://www.energystar.gov/index.cfm?c=products.pr_tax_credits  |
| Primary Contact | Information Specialist - IRS 1111 Constitution Avenue, N.W. Washington, DC 20224 U.S.A. (800) 829-1040 |