United States Environmental Protection Agency vvEPA State Incentives for Achieving Clean and Renewable Energy Development on Contaminated Lands Nebraska The development of clean and renewable energy on formerly used land offers many economic and environmental benefits. Combining clean and renewable energy and contaminated land cleanup incentives can allow investors and communities to create economically viable clean and renewable energy redevelopment projects. This document provides information about incentives in your state that can be leveraged for clean and renewable energy and development of contaminated land. Incentives for Clean and Renewable Energy Tax Incentives (abatements, deductions, credits, etc.) Renewable Energy Corporate Tax Credits www.revenue.state.ne.us/incentiv/index.htm Offers a production-based tax credit to any producer of electricity generated by wind, solar, geothermal, hydropower, fuel cells, or methane gas. Credits are available for a 10-year period at the following rates: $0.001/kWh for electricity generated through 2009; $0.00075/kWh from 2010 - 2012; and $0.0005/kWh from 2013-2017. Sales and Use Tax Exemption for Community Wind Projects www.revenue.ne.gov/legal/rulings/rr010801.html Allows an exemption from the sales and use tax imposed on the gross receipts from the sale, lease, or rental of personal property for use in a community-based energy development (C-BED) project. For a C-BED project that consists of more than two turbines, the project is owned by qualified owners with no single qualified owner owning more than 15% of the project, and with at least 33% of the power purchase agreement payments flowing to the qualified owner or owners or local community; or for a C-BED project that consists of one or two turbines, the project is owned by one or more qualified owners with at least 33% of the power purchase agreement payments flowing to a qualified owner or local community. Technical Assistance and Other Incentives Solar Easements uniweb.legislature.ne.gov/laws/statutes.php?statute=s6609011001 Allows property owners to create binding solar easements for the purpose of protecting and maintaining property access to sunlight. Net Metering www.nppd.com/My_Account/Additional_Files/rates/nm-rider.pdf Offers net metering to generating facilities of 25 kW or less that are certified as qualifying facilities under the federal Public Utilities Regulatory Policies Act (PURPA). Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard Net Metering Interconnection Standards YesD No0 YesD No0 Yes 0 No D Yes D No 0 Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 0.1% Nuclear 28.4% Natural Gas-Fired 2.4% Hydroelectric 2.8% Coal-Fired 65.3% Other Renewables 1.0% Points of Contact Nebraska Department of Revenue, www.revenue.state.ne.us/ Renewable Energy Corporate Tax Credits, Sales and Use Tax Exemption for Community Wind Projects Taxpayer Assistance, (800) 742-7474 Solar Easements Larry Pearce, lpearce@mail.state.ne.us, (402) 471-2867 Net Metering Kelly Beiermann, klbeier@nppd.com, (402) 563-5415 Information current as of November 2008; please refer to www.dsireusa.org and the state Web sites provided, or contact the points of contact identified above for more up to date information. Nebraska Incentives for Clean and Renewable Energy - Page ' ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Targeted Brownfields - Section 128(a) Assessment Grants www.ndeq.state.ne.us/Publica.nsffa9f87abbcc29fa1f8625687700625436/c de4c460d22577bd862570ad00610873?OpenDocument Provides financial assistance to communities and counties to conduct environmental site assessments on properties that may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Petroleum Release Remedial Action Fund www.deq.state.ne.us/LUST-RA.nsf/pages/PR-Fund Reimburses eligible responsible parties for the cost of remedial action for qualifying releases from leaking underground or above ground tanks used to store and dispense petroleum products. Limitations on Liability Voluntary Cleanup Program www.deq.state.ne.us/Superfun.nsf/Pages/VCP Offers a letter stating that No Further Action need be taken at the site related to the contamination for which the remedial action was conducted if all requirements are met. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 30 Includes Brownfields, Voluntary Cleanup Program, and RCRA sites located on their Public Record Number of EPA CERCLIS Sites: 217 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 57 Properties being funded or addressed under the EPA Brownfields Program There may be some overlap among the categories listed and sites listed may not represent all potentially contaminated sites in Nebraska. Information current as of November 2008; please refer to www.epa.gov/brownfields/pubs/st_res_prog_report.htm and the state Web sites provided, or contact the points of contact identified above for more up to date information. Points of Contact All Nebraska Cleanup Incentives and Programs Nebraska Department of Environmental Quality www.deq.state.ne.us/, (402) 471-2186 Nebraska Incentives for Development of Contaminated Land - Page 2 ------- |