2008 USDA Farm Bill

On May 22, 2008, Congress overrode the President's veto of the Food, Conservation, and Energy Act of 2008 (the "Farm Bill"). The Farm Bill is an investment in our nation's food and farm economy. It will ensure food security and promote healthier foods and local food networks, strengthen international food aid and reform commodity and farm programs, protect our natural resources and promote homegrown renewable energy.

This three-day conference will focus on:

* current debt and tax credit equity structures for wind financing, providing a solid understanding of how deals come together;
* up-to-date information on pending legislation and current federal and state policies for wind energy;

This January 2008 policy brief from the New Rules Project of ILSR highlights how several European countries, and more recently the Canadian province of Ontario, have adopted a simple yet powerful strategy to expand renewable energy and benefit local economies. It is called a feed-in tariff: a mandated, long-term premium price for renewable energy paid by the local electric utility to energy producers. Evidence shows that a feed-in tariff achieves greater results at a lower cost than do other strategies like tax incentives or renewable electricity standards.

Click here to go to the New Rules Project website and download a copy of the report.

IRS bulletin 2007-45 (skip to page 967) provides a summary of IRS Rev Proc 2007-65 which establishes a safe harbor for the allocation of tax credits for wind projects that use a flip business structure.

http://www.focusonenergy.com/

http://www.revermont.org/

http://www.energync.net/

http://www.nyserda.org/default.asp

http://www.nh.gov/oep/index.htm

http://www.energy.iastate.edu/