Resource Documents by U.S. Congressional Budget Office
Dinan, Terry; and U.S. Congressional Budget Office
Federal Support for Developing, Producing, and Using Fuels and Energy Technologies (2016)
Table 1. Energy-Related Tax Preferences, 2016 Type of Fuel or Technology Supported Tax Preference Estimated Total Cost(Billions of Dollars) Expiration Date Tax Preferences Affecting Income Taxes Renewable Energy Credits for the production of electricity from renewable resources 3.4 Various Credits for investments in solar and geothermal equipment, fuel cells, and microturbines 2.6 Various Credit for investment in advanced energy property, including property used in producing energy from wind, the sun, or geothermal sources 0.3 Fixed $2.3 billion in credit; available . . . Complete article »
U.S. Congressional Budget Office
Federal financial support for the development and production of fuels and energy technologies
Highlights Federal Support for Developing and Producing Fuel and Energy Technologies Totaled $24 Billion in 2011 Tax preferences totaled $20.5 billion, or about 85 percent of the total. Funding for the Department of Energy’s (DOE’s) spending programs totaled $3.5 billion, or about 15 percent of the total. Tax Preferences Were Mostly for Renewable Energy and Energy Efficiency in 2011, but Many of Them Have Expired or Will Expire Soon The budgetary costs of tax preferences aimed at encouraging energy efficiency . . . Complete article »
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