Feb 12 2010
Research and Markets has added a new market research report titled “Renewable Energy Government Incentive Programs” to its offering.
A number of incentive programs for the use renewable energy are being offered by state and federal governments designed to promote industrial growth and energy savings through commercial and consumer initiatives funded by government including grants and tax rebate programs.
The United States government has introduced many policies and acts for the growth of renewable energy sector and other sectors such as Federal Energy Policy Act of 2005 (EPACT), Emergency Economic Stabilization Act of 2008, and American Recovery and Reinvestment Act of 2009.
In U.S., the total energy consumed from renewable energy sources was 7315711 billion Btu in 2008, representing an increase of 7.5% from the previous year. The renewable energy consumption through hydropower was 33.5%, biomass 53.25%, wind 7%, geothermal 5% and solar 1.25%.
The growth in nuclear electric power and hydroelectric power is expected to be modest, while the country will still be heavily dependent of fossil fuels for the next two decades, according to the EIA. By the year 2030, the doubling of renewable energy from nonhydroelectric sources is expected.
This report from Research and Markets provides an in-depth analysis of the various renewable energy incentive programs from state and federal governments.
Source: http://www.researchandmarkets.com