The Federal Tax Credits Blog

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Question: Should the government stop subsidizing bad solar technology and put the money into research?

The state of solar panel technology (especially thermal) is stuck where it was 30 years ago because the government is subsidizing projects using that old technology rather than investing in research into new more efficient was to capture solar energy. Here in Florida we have a glaring example of how much of our tax dollars the government can waste while making a select group rich. This solar project will never produce the energy it is suppose to.

http://www.fpl.com/environment/solar/martin.shtml

But that’s OK because the “green” energy traders will make millions off it and so will FPL Group from tax credits.

And when a hurricane or hail storm wrecks the glass collectors, guess who will fund rebuilding it all over again.

Answer: “Solar panel technology is stuck where it was 30 years ago”? Are you kidding me? Solar panel research is ongoing and is cutting edge. Conversion efficiencies have skyrocketed in the past few years and we’re now seeing thin-film solar technology that can be affixed to windows and roof tiles and such. We’re at the point where solar power is reaching price parity with natural gas. Give it a few more years and it’ll be economical to have it widespread.

Sure, solar research could always use more money, but that doesn’t mean we shouldn’t put money into the end product. If no one is buying the fruits of the research, what’s the point of the research?

As for hail and storms, many modern panels are built to resist all but the worst impacts. In areas where this is a problem engineers take this into consideration and prepare for it.

Solar is the way of the future as it’s the only fuel source that is available world-wide and will never run out (ok, maybe in 5 billion years). Pair it up with natural gas in the short-term and hydrogen production in the long-term and you have an electric grid that’s clean and doesn’t depend on the whims of OPEC.

Crude oil snapped its winning streak on a larger-than-expected increase in inventories

Renewed concerns about Greek debt, interest rates, and consumer credit pressured stocks into the red today, overshadowing a solid Treasury auction and upbeat comments from Federal Reserve Chairman Ben Bernanke…( Read More )

Solar Attic Fan 30-watt – Black – with 25-year Warranty – Florida Rated $467.00 Solar Powered Attic Fan – 30 Watt Roof Exhaust Vent – Natural Light – Black Solar Powered Attic Fan – 30 Watt Roof Exhaust Vent – Natural Light – Black Natural Light’;s Solar Attic Fan is a simple and environmentally sensible solution that can protect your home and even save you money. Powered completely by free solar energy, this sleek and efficient attic vent is compact, quiet and powerful! Simp…

Business tax credits for renewable energy (Fact sheet / Florida Solar Energy Center) …

Solar Energy – How To Use Solar Energy At Home

Question: Energy subsidies?

One of the favorite things for opponents of alternative energy sources to do is to point out that alternative energy can’t compete with conventional energy without government subsidies. Yet, numerous direct and indirect subsidies are given to fossil fuel sources like oil and coal, such as cheap loans from the Agriculture Department’s Rural Utilities Service. Indirect subsidies include items such as free public use of roads, tax credits for oil drilling, subsidized health care for respiratory illness and military actions needed to maintain a steady oil supply. Should we continue to subsidize dirty energy sources? If all subsidies, direct and indirect, were removed from fossil fuels, would they still be cheaper then alternative energy?

Answer: Since there is little choice for the future than to switch to renewable energy sources, it doesn’t seem to make a lot of sense to me to keep subsidizing non renewable sources let alone give more to them than other, greener means of producing energy.

Coal and oil would still probably be cheaper for a while if all the funding was cut off. There is still a lot of money to be made from them and cheap to produce. That should be beside the point though.

Even nuclear energy produces less waste than coal and oil. Yes long term storage is a problem, but then again, so is dumping excess CO2 into the atmosphere when we have destroyed the other side of the equation with deforestation and desertification. The carbon has to go somewhere. It would be better in the long run to fun newer, high efficiency nuclear plants and technology than to give another billion to oil companies.

Other clean sources, such as wind, solar, Geo-thermal, wave energy should get even more funding. That is the only way to insure our future.

Jackson Hewitt(R) Shares Top Five Tips for Last-Minute Tax Filers

With the April 15 tax deadline just over a week away, Jackson Hewitt Tax Service® has prepared a Top 5 list of important and timely information that last-minute filers need to know in order to get their 2009 tax returns prepared and filed in time.  Keeping these last-minute tips top of mind will help taxpayers focus on exactly what to do, help avoid further delay, and ensure that the last …

Making the most of the hot summer; tax credits for energy-saving HVAC systems hot item as summer approaches.: An article from: Mississippi Business Journal $9.95 This digital document is an article from Mississippi Business Journal, published by Dolan Media Company on May 25, 2009. The length of the article is 730 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Making the most of the hot su…

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Question: Can I use form 1040A? I satisfy 5 out of 6 conditions, 2nd condition doesn’t apply to me.?

Instructions for 1040A states that :
You can use Form 1040A if all six of the following apply: Condition No.2 doesn’t apply for me.
Condition 2:
The only adjustments to income you can claim are:
a. Penalty on early withdrawal of savings.
b. IRA deduction.
c. Student loan interest deduction.
d. Jury duty pay you gave your employer.
I am not claiming any adjustment to my income.
I want to use Form 1040A for claiming child tax credit.
Can I use Form 1040A?

Answer: If you don’t have an IRA deduction, then you meet that condition, so yes, go ahead and file on 1040A. The rules say you can’t use that form if you have income OTHER than those listed, not that you have to have all of them.

Yes, you can claim the child tax credit on a 1040A.

Broomfield Enterprise upcoming events — April 1

Upcoming events in and around Broomfield

Leading@Google: Daniel Pink

SPEECH BY IAIN GRAY MSP, LABOUR LEADER IN THE SCOTTISH PARLIAMENT

One thing and one thing alone matters today, tomorrow, and every day over the next few weeks. It is that Labour wins the general election and we win it well.

Editing by hdhat.com – 1461 Tunbridge Rd, Lynchburg, VA

Paying Too Much for Health Coverage

A state review has discovered that Ohio was paying health care costs for 5,687 dependents of state employees who didn’t qualify for coverage.

30 Little Known Facts about America