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Archive for the ‘Energy Tax Credit’ Category

Question: What Are Some Pros and Cons of Different Organizations that Assist With Purchasing Renewable Energy Credits?

There are two organizations that I have been considering: 1) LiveNeutral (www.liveneutral.org); and 2) Native Energy (www.nativeenergy.com).

Some issues that I am considering are: 1) non-profit vs. for-profit; 2) credits purchased from the Chicago Climate Exchange (CCX) vs. credits created from renewable energy sources; 3) “imaginary” market vs. real-world projects; and 4) managed by educational institution vs. managed by Native American organization. Please feel free to suggest additional criteria.

Also, if there is another organization that you think I should consider, please let me know, and please provide your reasoning for the suggestion.

Thanks!

Answer: There is a table from the Dept. of Energy that compares various vendors and their costs. See:

http://www.eere.energy.gov/greenpower/markets/certificates.shtml?page=1

In effect, you are donating money to fund alternative energy sources (wind, solar, hydro, biogas) that subsequently feed into the nat’l power grid.

Since you are donating money, you might as well get a charitable deducation on your income taxes. The nativeenergy.com site won’t give a definitive answer on this question, but suggests you can do it.

So go with a group which is a charitable non-profit organization that clearly states donations are tax deductible. Look at your yearly electricity bills, multiply kilowatt hours by 2 cents and donate that much.

Unlike the carbon offset credits that are often nebulous and sometimes outright fraudulent, renewable Energy Credits (RECs) trace back to definite generating capacity that can be (and usually are) audited to make sure they are above board. (The US gov’t buys RECs, so any egregious fraud tends to get uncovered quickly.)

I think you are taking the right approach to renewable energy, and these projects will stand the test of time regardless of how the global warming issue pans out.

Despite all the bashing of the US, the graph at:

http://www.eea.europa.eu/pressroom/newsreleases/GHG2006-en

shows how the EU-25 don’t come close to meeting their Kyoto promises.

The non-Kyoto country, the US, in 2006 DECREASED CO2 emissions in by 1.4%.

I guess that signing Kyoto and then reneging somehow makes countries feel noble and good about themselves. But buying RECs that actually do something doesn’t count.

UPDATE:Obama Highlights Efforts To Unleash Private-Sector Growth

UPDATE:Obama Highlights Efforts To Unleash Private-Sector Growth

Gains from an integrated market for tradable renewable energy credits [An article from: Ecological Economics] $8.95 This digital document is a journal article from Ecological Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: Decoupling the environmental attributes of renewable energy (RE) generation from the physical unit of energy is an innovative mecha…

Law 270.6 – Lecture 9 – Resource Alternatives: Renewable Energy – The Technologies

Companies Plan $4.5 Billion of Debt as New Sales Surge: New Issue Alert

Companies are marketing $4.54 of debt after the busiest day for new U.S. dollar issuance this month.

SmarTrend Weekly Wrap Up: May 14, 2010

Question: does a pellet stove qualify for an energy tax credit?

Answer: I don’t think it qualify but don’t take my word for it..☺

Nature’s Comfort NC-40 Pellet Stove

Question: can I claim my energy star shingles on 2010 taxes?

I got I got a new roof with energy star shingles in 2009. I don’t qualify for credit for 2009 can I save and put on 2010 taxes next year , I know might not get it next year but want to know if can try. Or should I still list on this year -will it be carried over to next year. Don’t know if I list whole roof amount or just shingles.

Answer: If you installed the roof in 2009, that is the only year you can claim it. This is provided you have the manufacturer statement that the shingles qualified (check their website).

There is no carryover.

Ethanol faces challenges in bid for tax credit renewal

AMES – Iowa’s ethanol producers need tax credits, tariffs and federal fuel blending standards to continue growing, but they face political, environmental and economic challenges to get the job done, industry representatives said Thursday at Ames.

Remodel Replace Refund!: Your DIY Guide to the 2009-2010 Federal Tax Credit for Homeowners $7.50 Part home improvement book and part financial instrument, Remodel, Replace … Refund makes sense of the home remodeling provisions of the 2009-2010 Federal Tax Credit for Homeowners. Learn which types of improvements qualify and how to file the paperwork to get your share of this popular element of the Stimulus Plan. Then, see clear step-by-step photos that show how to do the work yourself–most …

The Energy Report – 7/9/10

Question: Information on new tax energy credit for new home in Indiana.?

Answer: Contact your local or sate government official. They’ll be able to direct you to the appropriate department. State or local tax office may be able to help, also.

Northwestern Energy Scam Alert

NorthWestern Energy says it learned Friday of a scam that implicates the utility and warns its customers to be aware of such illegal schemes.

The impact of residential energy conservation standards on credit markets …

ASPs can help save utilities money while reducing day-to-day headaches.(Information Tecnnology): An article from: Bulletin (Northwest Public Power Association) $5.95 This digital document is an article from Bulletin (Northwest Public Power Association), published by Northwest Public Power Association on August 1, 2004. The length of the article is 1599 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with…

Property tax incentives for alternative energy devices (Research and information series) …

Information about Energy Efficiency Tax Credits for Homeowners.