Kerry Introduces Clean Energy Technology Leadership Act


Sen. John Kerry, D-Mass., has introduced the Clean Energy Technology Leadership Act of 2010. The legislation will provide tax incentives for clean energy manufacturing, and renewable energy and conservation, Kerry's office says.

Specifically, the Clean Energy Technology Leadership Act will provide additional funding for the advanced energy manufacturing credit, as well as uncap the credit for solar energy property, fuel-cell power plants and advanced energy storage systems, including batteries for advanced vehicles.

In addition, the legislation will provide a further $3.5 billion for Clean Renewable Energy Bonds, extend and modify tax incentives for new energy-efficient homes, non-business energy property improvements and energy-efficient commercial buildings, among other measures. It will also extend the research and development tax credit retroactively for 2010 and through 2012, while providing an additional 10% credit for qualified advanced energy research expenditures.

SOURCE: Office Of Sen. John Kerry

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