This is an excerpt from EERE Network News, a weekly electronic newsletter.

February 03, 2003

President's Budget Retains Funds for Energy Efficiency and Renewables

President Bush released his administration's proposed $2.2 trillion federal budget for fiscal year (FY) 2004 on February 3rd. According to the President, the budget meets the challenges posed by three national priorities: winning the war against terrorism, securing the homeland, and generating long-term economic growth. Despite these three priorities, the budget maintains funding for energy efficiency and renewable energy programs. It assumes enactment of the energy tax incentives proposed in the President's 2003 budget, including tax credits for the use of solar power in residences and for purchases of hybrid electric and fuel cell vehicles. It also proposes a two-year extension in tax credits for electric vehicles, clean-fuel vehicles, and power produced from certain renewable energy sources (the so-called "production tax credit"). See the President's budget.

The proposed overall budget for DOE's Office of Energy Efficiency and Renewable Energy (EERE) remains nearly steady, increasing about 0.1 percent above the President's request for FY 2003 (the FY 2003 budget has not been finalized, so it is not available for comparison). See page four of the text (page five of the PDF file) of the DOE Budget Request (PDF 387 KB). Download Acrobat Reader.

See also the "Energy Supply" and "Energy Conservation" sections of DOE's "Budget Highlights" (PDF 3.64 MB).

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