ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL,

2009

Expand tax incentives for renewable energy facilities »

Extend production tax credit for wind energy facilities
through 2012 and other renewable energy facilities through
2013. Allow renewable facilities to claim investment tax
Tax Cuts for $14.0 billion
credit instead of production tax credit. Remove cap on
Businesses; Energy
investment tax credit for small wind property. Allow
renewable energy producers to claim a 30 percent cash grant
from the Treasury Department in lieu of the 30 percent
investment tax credit.

Modernize the electric grid »

Make the electric grid "smarter," by improving $11.0 billion
Energy
communication so electricity can be distributed and used
more efficiently.

Invest in rail transportation »

Transportation Expand passenger rail capacity and make grants for high- $9.3 billion
speed rail projects, including Amtrak.

Invest in public transit »

Transportation Provide grants to states for public transit infrastructure $8.4 billion
investment, reallocating money that is not spent quickly.

Provide grants to cities, counties and states to increase

Energy $6.3 billion
energy efficiency

Provide additional financing for Innovative Energy Loan

Guarantee program »
Guarantee loans for renewable energy or electricity $6.0 billion
Energy
transmission projects that "avoid, reduce, or sequester air
pollutants or anthropogenic emissions of greenhouse gases,"
according to the program's Web site.

Environment Clean up sites formerly used by the Defense Department $6.0 billion

Finance local water projects »

Environment Provide money for wastewater treatment projects and $6.0 billion
projects that improve the quality of drinking water.

Energy; Aid to Increase financing for home weatherization program » $5.0 billion
Individuals

Analysis by the Lower Manhattan Project Study Group

www.lowermanhattanproject.us
 ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL,
2009

Help low-income families make their homes more energy

efficient, through projects like adding insulation.

Energy Increase energy efficiency in federal buildings $4.5 billion

Infrastructure Make military facilities more energy efficient $4.2 billion

Invest in fossil energy »

Energy Includes money for near-zero emissions power plants, clean $3.4 billion
coal technology and carbon capture.

Infrastructure Repair and improve facilities on public lands and parks $3.1 billion

Provide additional financing for the National Science

Foundation »
Science and Research $3.0 billion
Finance research, focusing on the environment and global
competitiveness.

Energy; Science and Conduct energy efficiency and renewable energy research $2.5 billion
Research
Increase tax credits for residential energy efficiency
improvements »
Energy; Tax Cuts for $2.0 billion
Increase tax credits for purchases to make homes energy
Individuals
efficient, such as new furnaces or insulation, to 30 percent
through 2010, for up to $1,500.

Incentive for alternative vehicle »

Energy; Tax Cuts for $2.0 billion
Increase the tax credit for purchasing plug-in hybrid
Individuals
vehicles to $7,500.

Support battery manufacturing »

Energy Provide grants to manufacturers of advanced battery $2.0 billion
systems and car batteries in the United States.

Provide additional financing for science and research at the

Department of Energy »
Energy; Science and $2.0 billion
Research Includes $400 million for rapid development of clean energy
technology.

Analysis by the Lower Manhattan Project Study Group

www.lowermanhattanproject.us
 ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL,
2009

Incentive for advanced energy investment »

Establish a new 30 percent investment tax credit for
manufacturers of advanced energy property, which may
Tax Cuts for $1.6 billion
include technology for the production of renewable energy,
Businesses; Energy
energy storage, energy conservation, efficient transmission
and distribution of electricity, and carbon capture and
sequestration.

Invest in local transportation projects »

Transportation Provide competitive grants for state and local transportation $1.5 billion
investments.

Authorize more state and local bonds for energy-related

purposes »
Aid to States; Energy Authorize an additional $1.6 billion in renewable energy $1.4 billion
bonds and $2.4 billion in energy conservation bonds to
finance state and local government projects.

Finance rural water and waste facilities »

Environment; Rural
Provide grants and loans for water supply and waste disposal $1.4 billion
Assistance
programs in rural areas.

Invest in air transportation »

Make grants to airports to improve safety or increase $1.3 billion
Transportation
capacity; repair Federal Aviation Administration equipment
and facilities.

Finance national environmental cleanup »

Environment Provide money for the Environmental Protection Agency's $1.2 billion
cleanup programs, including Superfund.

Environment; Rural Provide water to rural areas and Western areas impacted by
$1.0 billion
Assistance drought

Provide additional financing for the National Aeronautics

and Space Administration »
Science and Research $1.0 billion
Pay for climate research and researching environmentally
responsible airplanes.

Science and Research Provide additional financing for the National Oceanic and $830

Analysis by the Lower Manhattan Project Study Group

www.lowermanhattanproject.us
 ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL,
2009

Atmospheric Administration »
Conduct habitat restoration projects and coastal charting, million
and upgrade computers for climate research.

Education and Job Train workers for careers in energy efficiency and renewable $500
Training; Energy; energy fields million
Unemployment
Provide grants to states for energy-efficient vehicles and
infrastructure »
Includes $300 million to help state and local governments $400
Energy; Aid to States million
purchase hybrid vehicles and $400 million to start electrical
infrastructure projects that encourage the use of electric
vehicles.

Energy; Aid to $300

Provide consumers rebates for energy-efficient appliances
Individuals million

Replace older vehicles owned by the federal government $300

Energy with hybrid and electric cars million

Expand tax incentives for residential renewable energy

properties » $268
Tax Cuts for
Individuals; Energy Remove dollar caps on the 30 percent residential credit for million
solar thermal, geothermal and small wind property.

Improve energy efficiency in government-subsidized

Energy; Housing $250 mill
apartment buildings

Equalize mass transit and parking benefits »

Equalize tax-free commuter benefits provided by employers
Tax Cuts for $192
for transit and parking at $230 per month for 2009 and index
Individuals; million
both benefits to inflation. Under current rules, only $120 of
Transportation
the mass transit benefit and $230 of the parking benefit is
tax-free.

Incentive for alternative fuel pumps »

Energy; Tax Cuts for Increase tax credits for gas stations and other businesses that $54 million
Businesses install non-hydrogen, alternative fuel pumps to 50 percent
through 2010, for up to $50,000.

Analysis by the Lower Manhattan Project Study Group

www.lowermanhattanproject.us