Rep. Bob Filner, D-Calif., has introduced the Clean Energy Victory Bonds (CEVB) Act of 2012 (H.R.6275). The legislation would allow for the investment of billions of dollars into renewable energy and energy efficiency, according to nonprofit Green America, which supports the bill.
CEVBs would be similar to Victory Bonds issued by the U.S. government during World War II, says Alisa Gravitz, president of Green America. They could leverage $50 billion in investments to create more than $150 billion in public and private finance for solar power and other forms of clean energy.
The legislation would also extend the production tax credit (PTC) and other federal programs for up to 10 years.