American Conservation and Clean Energy Independence Act

American Conservation and Clean Energy Independence Act - Deems the Draft Proposed Outer Continental Shelf Oil and Gas Leasing Program 2010-2015 issued by the Secretary of the Interior to be approved as a final oil and gas leasing program under the Outer Continental Shelf Lands Act. Deems the Secretary to have issued a final environmental impact statement for the Program under the National Environmental Policy Act of 1969.

Directs the Secretary to: (1) conduct a lease sale in each outer Continental Shelf (OCS) planning area for which there is a commercial interest in purchasing federal oil and gas production leases; (2) prepare an inventory of U.S. offshore energy resources; and (3) promulgate regulations concerning the production of oil or gas resources of the OCS, including regulating the installation of surface facilities, mitigating the impact of such facilities on coastal vistas, and allowing onshore facilities to draw upon such resources that are within 10 miles of shore.

Extends from 3 geographical miles to 12 nautical miles a coastal state's allowable seaward boundary.

Repeals the moratorium on oil and gas leasing in: (1) any area east of the Military Mission Line in the Gulf of Mexico; (2) any area in the Eastern Planning Area that is within 125 miles of the Florida coastline; and (3) specified areas within the Central Planning Area and within 100 miles of the Florida coastline.

Specifies revenue sharing percentages for sums received from leasing offshore pursuant to this Act, including 30% for producing states.

Gives the President authority to waive requirements relating to the approval of oil and natural gas activity deemed to be important to national interests.

Amends the Clean Air Act to: (1) revise the definition of "renewable biomass" to include trees, tree residue, and slash and pre-commercial thinnings that are from forestlands on public lands; and (2) require new source review regulations to provide that routine maintenance and repair do not constitute a modification of an existing source.

Repeals provisions prohibiting any federal agency from entering into a contract for procurement of an alternative or synthetic fuel for any mobility-related use, other than for research or testing, unless the contract specifies that the lifecycle greenhouse gas emissions associated with the production and combustion of the fuel must be less than or equal to such emissions from the equivalent conventional fuel.

Requires the Secretary of Energy (DOE) to: (1) implement a grant and loan program for the construction or modernization of coal fired generation units to enable use of technology to reduce greenhouse gases; (2) publish a plan to exchange a specified amount of light grade petroleum from the Strategic Petroleum Reserve for heavy grade petroleum plus additional cash bonus bids that reflect the difference in market value; and (3) set aside net proceeds from such exchange for the Energy Independence and Security Fund (to be established by this Act). Provides for Fund allocations to the Energy Transformation Acceleration Fund, specified Energy Efficiency and Renewable Energy accounts, the Weatherization Assistance Program, specified Fossil Energy Research and Development accounts, the Basic Energy Sciences account.

Amends the Internal Revenue Code to: (1) extend through 2018 tax credits for energy conservation and production, including credits for producing electricity from renewable resources, alternative fuel vehicles and refueling property expenditures, residential energy efficiency and solar energy and fuel cell property expenditures, investment in clean renewable energy bonds, and biodiesel and renewable diesel used as fuel; (2) extend through 2018 the tax deduction for energy efficient commercial buildings; (3) extend through 2014 the tax credit for medium and heavy-duty hybrid vehicles; (4) extend through 2018 the tax credit for plug-in electric drive motor vehicles; and (5) allow a new tax credit for the purchase of a motor vehicle identified by the Environmental Protection Agency (EPA) as the most efficient vehicle in its class.

Sets forth provisions concerning the use of electric drive vehicles. Requires that at least 10% of the federal fleet be plug-in electric drive vehicles by FY2012, with such percentage increasing by at least 5% (up to 50%) each fiscal year. Directs states to permit light-duty plug-in electric drive vehicles to use HOV lanes. Directs the Secretary of Energy to: (1) provide grants to assist local governments in the installation of recharging facilities for electric drive vehicles; and (2) guarantee loans for any purchaser of at least 5,000 battery systems that use advanced battery technology.

Includes innovative low-carbon technology projects as projects eligible for loan guarantees made by the Secretary of Energy for innovative technologies.