Archive for the ‘tax’ Category

The USA’s Failing Energy Policy

Thursday, October 2nd, 2008

I have been trying not to get political on this blog, but this was the last straw. Since the House failed to approve extension of the ITC, or Investment Tax Credit, the Senate had to package it into the abominable $ 700 billion bank socialization package. The Renewable Energy Tax Credit is the incentive package that the Senate Republicans blocked passage of eight times, leaving billions of dollars of renewable energy projects in limbo.

We waste billions on ineffective Ethanol and farming subsidies at a time when food prices are rising out of control. We continue to support big oil with tax breaks, effectively subsidizing the purchase of foreign oil from countries who are hostile to our interests, but we cannot find a reason to support alternative energy, which would be a predominantly DOMESTIC industry and find it necessary to insert it into a bank bailout package.

Countless solar installation contractors, solar panel manufacturers, wind turbine manufacturers (anybody watching General Electric’s stock price dropping?), consultants, and integrators, among others, will lose their jobs because of the suspended projects.

If you were waiting to buy an expensive solar panel for your home and did not know if the $ 2,000 capped Federal Tax Credit would be applicable next year, would you still order the system installed, or would you wait for Congress to announce the extention of the tax credits beyond their January 1, 2009 expiration, knowing you probably cannot install the panels on time this year to qualify for the existing credit?

The United States is half-way decided on spending $ 700 billion on the banking bailout, just waiting for House approval now. This will just aggravate some of our biggest problems at present: National debt and balance of trade. We should be working to close those gaps before our government goes bankrupt. Let’s stop sending our wealth to the Middle East, Russia and Venezuela, none of whom are our true allies, and get a sensible domestic energy policy on track.

There is strength in numbers. If you have not done so already, see our main page and click on “Take Action.” There you will see a link to the Pickens Plan. Sign up on their mailing list for more information. So far, The Pickens Plan is the best idea anyone has proposed for investing in our domestic infrastructure, creating jobs, and weaning ourselves from the addictive substance we have been importing into our country for billions of dollars per year.

Take action now! Sign up for the Pickens Plan!

Maryland Energy Administration Announces Loan Program

Wednesday, August 27th, 2008

The Maryland Energy Adminstration has announced $ 1.5 million in loan funding to support projects that reduce energy use.

Conditions:

1) Participants have until November 2008 to apply for the loan;

2) The project must pay for itself in energy savings within 7 years.

The Baltimore Business Journal has complete details here:

http://www.bizjournals.com/baltimore/stories/2008/08/25/daily3.html?f=et52&ana=e_du

Even better news: Maryland Green Power Co. sells products and designs systems with the goal of a less than 7 year payback, in compliance with the MEA requirements. Many projects achieve 2-4 year payback.

For information, please contact Maryland Green Power Co. at:

Columbia Satellite Sales Office

Phone: 443-864-3072

Fax: 443-927-9018

info@marylandgreenpower.com

Grants and Tax Incentives for Energy Projects - State by State Resource Guide

Wednesday, May 21st, 2008

What a great resource this site is! Here you can find Federal, State, County and Municiple tax incentives, rebates and grants for your energy project, whether it is a renewable power project or power conservation system.

Some of your energy projects like solar power, wind generation or geothermal might even wind up being free in some States.

Check out the site, and contact me if you have any questions:

DSIRE Website

You can contact me through my main energy saving site.