EPACT 2005

EPACT 2005 of the Energy Policy Act of 2005 was a statute that was passed by Congress on July 29, 2005. It was a law until President Bush approved and signed this act on August 8, 2005. This act was meant to help the growing energy demands of the US by helping new energy related sectors with tax incentives and loan guarantees. A portion of the Act was force the Department of Energy to complete annual reports that "study and report on existing natural energy resources including wind, solar, waves and tides." Not only will the government study these resources but this act will enable help to those that will study and actually produce products that will help the renewable energy sector with the renewable electricity production credit.

Clipper Windpower’s Liberty Turbine production facility in Cedar Rapids, Iowa, is one such place that has improved on wind turbines by a great deal. They have been so innovative that they have been termed "not only one of the most advanced wind turbines ever produced, it may well be the most efficient wind turbine in the world" by Secretrary Bodman. The turbines that this facility is producing is actually efficient enough to be able to work in low energy wind portions of the US and are meant to help during peak times. It is policy like this that can help facilities like the Clipper Windpower make such products and actually be able to survive in the economy.

Although the whole Act isn't supported by many, due to the fact that it is supporting some energy sectors more than others like the oil and nuclear sectors, the act is helpful with other energy efforts which there was no support for before this act.