Washington State’s legislature has passed a bill expanding the Energy Freedom Program and the uses to which the Energy Freedom Account can be put. Previously, funds from the Energy Freedom Account could be applied to biofuels projects only, and appropriations from the Energy Freedom Account to a separate account – the Green Energy Incentive Account – could be used solely to develop alternative fuels fueling stations and related projects. The bill extends the Program to clean energy projects, energy efficiency and energy technologies and establishes a Energy Recovery Account as another means of funding innovative renewable energy projects through loans or grants. A more detailed Client Alert will be issued once Governor Gregoire signs the bill.
