Renewable Energy Incentives Act

Renewable Energy Incentives Act - Amends the Internal Revenue Code respecting the renewable resource credit to: (1) include alternative resources (solar, open loop biomass, incremental hydropower, incremental geothermal, geothermal, and landfill gas); (2) provide an increased credit for certain co-production facilities, and for qualified facilities on Indian and Alaskan Native Indian lands; (3) allow a credit (and its subsequent transferability) for a qualified facility of a tax-exempt organization or governmental unit; (4) provide for credit transferability; (5) require facility compliance with pollution laws; and (6) eliminate the January 1, 2002, placed-in-service date for purposes of qualified facility eligibility.