Federal Policy Descriptions
There are many federal policies relating to wind and community wind. Click on a title below to read the description.
Clean Renewable Energy Bonds (CREBs)
The Clean Renewable Energy Bond (CREB) program is a new financial incentive created in the Energy Policy Act of 2005. It is available to municipal utilities and electric cooperatives and is intended to promote renewable energy development.
Depreciation
Double-declining balance, five-year depreciation schedule (I.R.C.
Subtitle A, Ch. 1, Subch. B, Part VI, Sec. 168 (1994) (accelerated cost
recovery system)) is another federal policy that encourages wind
development by allowing the cost of wind equipment to be depreciated faster.
USDA Farm Bill
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.