Advanced Biofuel Feedstock IncentivesThe Biomass Crop Assistance Program provides financial assistance to landowners and operators that establish, produce, and deliver biomass feedstock crops for advanced biofuel production facilities. A reimbursement of 75% of the cost of establishing a biomass feedstock crop to qualified feedstock producers as well as annual payments for up to five years for herbaceous feedstocks and up to 15 years for woody feedstocks. Visit the Department of Energy Laws and Incentives website or the Biomass Crop Assistance Program website for more information.
Advanced Biofuel Production Grants & Loan GuaranteesThe Biorefinery Assistance Program provides loan guarantees for the development, construction, and retrofitting of commercial scale biorefineries that produce advanced biofuels. Advanced biofuel is defined as fuel derived from renewable biomass other than corn oil starch. Eligible applicants include individuals, state or local governments, farm cooperatives, national laboratories, institutions of higher education, and rural electric cooperatives. $250 million is the maximum loan guarantee and the maximum grant funding is 50% of project costs. Visit the Biorefinery Assistance Program website for more information.
Advanced Biofuel Production PaymentsEligible producers of advanced biofuels, or fuels derived from renewable biomass other than corn kernel starch may receive payments to support expanded production of advanced biofuels. No more than 5% of the funds will be made available to eligible producers with an annual refining capacity of more than 150,000,000 gallons of advanced biofuel. Visit the Bioenergy Program for Advanced Biofuels website for more information.
Advanced Energy Research Project Grants The Advanced Research Projects Agency – Energy (ARPA-E) focuses on various concepts in the areas of vehicle technologies, biomass energy, and energy storage. For more information on funding opportunities visit ARPA-E website.
Biobased Transportation Research FundingThe Surface Transportation Research, Development, and Deployment (STRDD) Program funds activities to promote innovation in transportation infrastructure, services, and operations. Funding is made available for the Biobased Transportation Research program for Biobased research of national importance. Visit the Federal Highway Administration website for more information.
Biobased Education GrantsGrants are available to educate governmental and private entities that operate vehicle fleets, the public, and other interested entities about the benefits of biodiesel fuel use. Contact the U.S. Department of Agriculture Office of Rural Development, Business and Cooperative Programs at (202) 690-4730.
Ethanol Infrastructure Grants and Loan Guarantees The maximum loan guarantee is $25 million and the maximum grant funding is 25% of project costs. Eligible renewable energy systems include flexible fuel pumps, or blender pumps, that dispense intermediate ethanol blends. Visit the USDA Office of Rural Development, Business and Cooperative Programs website for more information.
Fuel Cell Motor Vehicle Tax Credit A tax credit of up to $4,000 is available for the purchase of qualified light-duty fuel cell vehicles. Tax credits are also available for medium- and heavy-duty fuel cell vehicles. Credit amounts are based on vehicle weight, this tax credit expires on December 31,2014. Contact the U.S. Internal Revenue Service to determine your eligibility.
Hydrogen Fuel Excise Tax Credit A tax credit of $0.50 per gallon is available for liquefied hydrogen that is sold for use or used as a fuel to operate a motor vehicle. Eligible entities must be registered with the IRS. The incentive must first be taken as a credit against the entity’s alternative fuel tax liability. The credit for liquefied hydrogen expires after September 30, 2014. Contact the U.S. Internal Revenue Service Office of Chief Counsel, Excise Tax Branch at (202) 622-3130 for eligibility.
Hydrogen Fuel Infrastructure Tax Credit A tax credit is available for the cost of hydrogen fueling equipment placed into service after December 31, 2005. The credit amount is up to 30% of the cost, not to exceed $30,000. Credit is allowed to be used at multiple locations if fueling station owners install qualified equipment at multiple sites. Consumers who purchase qualified residential fueling equipment may receive a tax credit up to $1,000. This credit expires December 31, 2014. Contact the U.S. Internal Revenue Service to determine your eligibility.
Hydrogen Fuel Mixture Excise Tax Credit A tax credit of $0.50 per gallon is available for the sale or use of liquefied hydrogen used to produce a mixture containing a taxable fuel. Eligibility requires that an alternative fuel blender be registered with the IRS. The credit expires September 30, 2014. Contact the U.S. Internal Revenue Service Office of Chief Counsel, Excise Tax Branch at (202) 622-3130 for eligibility.
Idle Reduction Equipment Excise Tax Exemption Qualified on-board idle reduction devices and advanced insulation are exempt from the federal excise tax imposed on the retail sale of heavy-duty highway trucks and trailers. The exemption also applies to the installation of qualified equipment on vehicles after the vehicles have been placed into service. Only equipment sold on or after October 4, 2008 is eligible. Contact the U.S. Internal Revenue Service Office of Chief Counsel, Excise Tax Branch at (202) 622-3130 for eligibility.
Improved Energy Technology Loans The Department of Energy provides loans to eligible projects that reduce air pollution and greenhouse gases, and support early commercial use of advanced technologies, including biofuels and alternative fuel vehicles. Loan guarantees may be issued for up to 100% of the amount of the loan for an eligible project. Contact the U.S. Department of Energy at (202) 586-5000.
Qualified Plug-In Electric Drive Motor Vehicle Tax Credit A tax credit is available for a new qualified plug-in electric drive motor vehicle that draws propulsion using a traction battery that has at least four kilowatt hours of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, and meets specified emission standards. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's traction battery capacity and the gross vehicle weight rating. This tax credit applies to vehicles acquired after December 31, 2009. Contact the U.S. Internal Revenue Service to determine your eligibility.
Section 30c Credit for Alternative Fuel Vehicle Refueling Property The recent fiscal cliff deal passed by Congress includes tax credits for purchases and installation of electric vehicle charging stations. A 30 percent credit, capped at $30,000 for business/investment* use per site and $1,000 for personal use. For more information, please visit: US CODE: http://www.law.cornell.edu/uscode/text/26/30C And download: 2011 IRS FORM: http://www.irs.gov/pub/irs-pdf/f8911.pdf (Subject to change, updated by the IRS) *This credit is not available to cities, schools, or other non-taxpayers. Please consult with your tax advisor to determine your eligibility.