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  • NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

    Hey gang,

    Let's rally behind this bill
    It contains most of the elements of the NAT GAS Act excepting:

    These provisions do NOT provide tax credits (like the NAT GAS Act does). Instead, for vehicle purchases, it makes the payments as “rebates.” In some ways, this is superior to tax credits. For infrastructure, it makes the payments as grants. It does not include the VETC 50 cents/ gge fuel credit.



    From NGV America:
    http://www.ngvamerica.org/pdfs/NGVArelease7-27-10.pdf


    Natural Gas Vehicle and Infrastructure Development Provisions of Senate “Clean Energy Jobs and Oil Company Accountability Act

    On July 27th, Senate Majority leader Harry Reid (D-NV) released an energy bill that promotes natural gas vehicles and infrastructure development. The main NGV components of the bill are:

    Section 2002:

    The bill establishes within the Department of Energy a Natural Gas Vehicle and Infrastructure Development Program whose specific purpose is to facilitate the use of natural gas as an alternative transportation fuel.

    Section 2003:

    The bill directs the Secretary to develop regulations that shall provide up to $3.8 billion in financial rebates to all qualified owners who purchase a natural gas vehicle (NGV)
    -
    No more than 25 percent of the funds shall be used light-duty vehicle rebates (not more than 8,500 pounds)
    -
    The maximum amount of the rebate varies according to the weight of the vehicle and whether the vehicle is a dedicated NGV, a mixed fuel vehicle or a bi-fuel vehicle, as follows:

    Dedicated NGV:

    The maximum value of the rebate is equal to 90 percent of the incremental cost of a dedicated NGV, where the maximum rebate value is capped at:
    (i) $10,000 for an NGV with a gross vehicle weight rating of not more than 8,500 pounds;
    (ii) $16,000 for an NGV with a gross vehicle weight rating of more than 8,500 but not more than 14,000 pounds;
    (iii) $40,000 for an NGV with a gross vehicle weight rating of more than 14,000 but not more than 26,000 pounds; and
    (iv) $64,000 for an NGV with a gross vehicle weight rating of more than 26,000 pounds.


    Light-duty mixed-fuel NGV:

    The maximum value of a rebate is 75 percent of the amount provided for a dedicated NGV


    Bi Fuel NGV:

    The maximum value of a rebate is 50 percent of the amount provided for a dedicated NGV

    Section 2004:

    The bill also directs the Secretary to develop an infrastructure and manufacturing development program, with:
    (1) grants of up to $50,000 per unit to qualified refuelers for the installation of natural gas refueling property placed in service between 2011 and 2015; and
    (2) grants for research, development, and demonstration projects on (NGV) engines with reduced emissions, improved performance, and lower cost.

    Section 2005:

    The Secretary shall also establish a direct loan program to provide loans to qualified manufacturers to pay not more than 80 percent of the cost of reequipping, expanding, or establishing a facility in the United States that will be used for the purpose of producing any new qualified alternative fuel motor vehicle or any eligible component. The commitments for direct loans under this section shall not exceed $2,000,000,000 in total loan principal.


    July 27, 2010
    Last edited by John Mitton; 07-30-2010, 02:25 PM.

  • #2
    Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

    Looks like the House Ways and Means Chairman Levin has introduced a bill that (among other things) will reinstate the 50 cent fuel credit.

    http://waysandmeans.house.gov/press/...x?NewsID=11295

    Comment


    • #3
      Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

      Here is a link to the entire bill:
      http://democrats.senate.gov/pdfs/The...ct_of_2010.pdf

      Start reading on page 218.
      Bob Baldwin
      2009 Ford Focus Bi-Fuel
      2000 Ford F-150 Bi-Fuel

      Comment


      • #4
        Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

        Bump to top of the line.

        Comment


        • #5
          Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

          Any assessment of the 50K grant from the fed for refueling. Would this be additional to the 50K tax credit currently available for public access refueling. For example here in Colorado we have great state incentives, but due to the lack of refueling (or lack of monopolizedmarket CE statiuons with pump prices only a few cents off gasoline) the incentives just don't get taken advantage of. I'm working on a public access station to act as a catalyst to get more upfits, but even this 150K GGE/year sweat equity/lost leader station is a 250K project. This bill looks great but anyone who knows re-fueling infrastructure is needed badly and 50K hardly covers the price of a duel hose distribution pump, new public access station is more of a 400K - 700K venture, but hey the rest of this thing looks great!!!! The vehicle incentives look like they will get some attention, SVM's ramp up so you can keep your up-fitters supplied!

          Comment


          • #6
            Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

            I suggest you contact your local air district, as well as your Clean Cities Coalition to review incentives and look into grant programs that will assist in your project. Here is a bit of info that may be useful.

            Alternative Fuel Infrastructure Tax Credit

            For tax years beginning prior to January 1, 2011, the Colorado Department of Revenue offers an income tax credit for the cost of construction, reconstruction, or acquisition of an alternative fueling facility that is directly attributable to the storage, compression, charging, or dispensing of alternative fuels to motor vehicles. The credit value is 35% of the cost if claimed during the 2009 tax year, and 20% of the cost if claimed during the 2010 or 2011 tax year.
            For an alternative fueling facility that will be generally accessible for use by the public, in addition to the person claiming the credit, the percentages specified above will be multiplied by 1.25. If at least 70% of the alternative fuel dispensed annually is derived from a renewable energy source for a period of 10 years, the credit percentages specified above will be multiplied by 1.25. Certification for the percentage of renewable energy must be presented, as requested, to the Department of Revenue. The credit has a maximum value of $400,000 in any consecutive five-year period for each fueling facility. For more information about this credit, see the Colorado Department of Revenue's Alternative Fuel Income Tax Credits Web site.
            (Reference Colorado Revised Statutes 39-22-516)
            Point of Contact
            Division of Taxation
            Colorado Department of Revenue
            Phone: (303) 238-7378
            http://www.revenue.state.co.us/main/home.asp

            Natural Gas Infrastructure Technical Assistance

            Atmos Energy offers preliminary feasibility studies for compressed natural gas fueling stations and will assist with vendor selection on a case-by-case basis.
            Point of Contact
            Walter C. Miller
            Energy Services Consultant
            Atmos Energy
            Phone: (817) 303-2903
            Fax: (817) 303-2929
            [email protected]

            also contact these folks for clarification of the new federal tax incentives you questioned in your post: http://www.ngvc.org/incentives/federalTax.html

            Comment


            • #7
              Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

              By the way, here's the link for the Colorado Clean Cities folks: http://www.cleancitiescolorado.org/

              Denver Coordinator: Natalia Swalnick

              Phone:303-847-0271

              Designation Date:09/13/93
              Boundaries: Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Eagle, Gilpin, Jefferson, Pitkin, Summit; City of Denver
              N. Colorado Coordinator:Sheble McConnellogue

              Phone:970-689-4845

              Designation Date:05/21/96


              So Colorado Coordinator:Alicia Archibald

              Phone:719-494-6592

              Boundaries:Counties: Alamosa, Archuleta, Baca, Bent, Chaffee, Cheyenne, Conejos, Costilla, Crowley, Custer, Delta, Dolores, El Paso, Elbert, Fremont, Gunnison, Hinsdale, Huerfano, Kiowa, Kit Carson, La Plata, Lake, Las Animas, Lincoln, Mesa, Mineral, Montezuma, Montrose, Otero, Ouray, Park, Prowers, Pueblo, Rio Grande, Saguache, San Juan, San Miguel, Teller; City of Colorado Springs

              Comment


              • #8
                Re: NGV incentives in Clean Energy Jobs and Oil Company Accountability Act

                Hey gang,

                Now that Sen Reid has seemed to replace the bill with recently-introduced S.-3815 Promoting Natural Gas and Electric Vehicles Act of 2010 we can discuss it over on the new thread.

                http://cngchat.com/forum/showthread....es-Act-of-2010

                I will close this one.

                Comment

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