The Federal Tax Credits Blog

Posts Tagged ‘electric’

Question: Did Congress really give away our tax dollars for golf carts?

http://online.wsj.com/article/SB10001424052748704107204574473724099542430.html

The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart.

Answer: A golf cart dealer in Texas hs a real deal for those in his community.
You buy the golf cart. You get the the federal credit. You lease the golf cart back to his dealership. He leases the cart out for more of his own personal profit. After two years he lets you sell it back and you walk away with a two thousand dollar profit at the tax payers expense.
He advertised the “deal” on the radio so everyone who wants to participate can get in on it.
That serves as a great device to stick a spike in the eye of Congress. Everyone can see through the scam. The scam is being made public up front.
I love it! It is simple enough even a Liberal Socialist can understand it.

Nissan launches all-electric Leaf

What’s it like to drive the all-electric Nissan Leaf? It feels like a car.

LC3 Street Legal LSV 72volt Electric Car – Automotive Engineering meets Golf Cart

Question: Which non profit org. would need my electric cart most?

i bought 2 of these for tax credit:

http://www.freeelectriccar.com/?gclid=CIX07MGX5J4CFSWlagod7C74Iw

so i basicly got them free,

i got no need for them so i want to donate them to a non-profit
what type of organization would need such a vehicle most?

Answer: I’d look into a “wounded warriors” or similar org that assists our returning servicemen. I had some durable medical equipment that I was able to donate to a local VA office and they were very pleased to be able to provide it to veterans.

New Laws Effective January 1, 2010

The following legislation will take effect beginning Jan. 1, 2010.

Electric Car Tax Credits Approved

Question: Does $13,000 seem resonable for an electric heat pump (complete system) installation in Washington State?

We have a heat pump system in our house, but the heat pump is now leaking and so it is time to replace. We got an “off the cuff” estimate of $8,000 and thought THAT was outrageous. Then we had a reputable company come in and give us an estimate for a system that qualifies for the new tax credit, and we got an estimate of $13,000 AFTER a 10% discount from the company and the $1,500 credit? We live in Western Washington, I am just curious if anyone else has had one installed and how much it cost. The salesman told me that roughly 1/2 of the fee is for the installation. Bare in mind… we have a complete heat pump system already installed.

Thanks!

Answer: I live in WW also and work for a commercial/industrial hvac contractor here in Tacoma. If you already have one and it is time to replace.

The newer equipment has a higher Seasonal Energy Efficiency Ratio. By law the manufacturers have to make their new equipment efficient and by doing this, we as installers have to install new copper tubing to so it will work correctly…usually older R22 systems will have smaller copper line sets.

Also there is a new refrigerant called R410A which has a different lubricating oil than the older R22 systems. This can pose a problem if the 2 oils come in contact with each other in larger quantities. This oil mixes freely with all parts inside of the equipment.

My cost of a Trane system will be approx. $3200-$4000. Double this and that is a bare minimum bid including labor. The bid may be more or less depending on how much ductwork has to be modified, electrical work to be done, if there is a new thermostat or condensate pump in the bid. Plus the labor to install, start and warranty this equipment.

Email me and I will give you a couple of good companies to go with.

Toyota to Acquire $50 Million Stake in Electric-Car Maker Tesla

May 21 (Bloomberg) — Toyota Motor Corp. will acquire a $50 million stake in California electric-car maker Tesla Motors Inc. as automakers compete to introduce less-polluting vehicles in the U.S.

Bush Supports Vehicle Tax Credits.: An article from: Fuel Cell Technology News $5.95 This digital document is an article from Fuel Cell Technology News, published by Business Communications Company, Inc. on June 1, 2001. The length of the article is 840 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 any web browser.Cit…

A market association test of alternative treatments of tax investment incentives by electric utilities (Working paper / College of Business Administration) …

Energy tax policy: history and current issues.(CRS Report for Congress: Received through the CRS Web): An article from: Congressional Research Service (CRS) Reports and Issue Briefs $9.95 This digital document is an article from Congressional Research Service (CRS) Reports and Issue Briefs, published by Thomson Gale on July 1, 2006. The length of the article is 9973 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 any web…

Aliso Electric Solar install on Aircraft Spruce building Corona, CA

Question: Which non profit org. would want to buy my electric cart?

i bought 2 of these for tax credit:

http://www.freeelectriccar.com/?gclid=CIX07MGX5J4CFSWlagod7C74Iw

so i basicly got them free,

i got no need for them so i want sell them,
but im only allowed to resell to a non-profit, what type of organization would want to buy them from me?

Answer: No nonprofit is going to buy them; they will likely be glad to accept a donation of either one or both.

Nissan’s All-New Electric Car Undercuts Chevy’s Volt, Is It MORE Attractive Now?

**Thanks to topneuro for the tip! NEW YORK (CNNMoney. com) — Nissan announced Tuesday that its Leaf electric car will come with a sticker price of $32,780. But after a federal tax credit of $7,500, the car will only set you back about $25,280.

IRS Certification for T3 Motion Electric Vehicles Brings 10% Federal Tax Credit for Customers

COSTA MESA, CA–(Marketwire – 03/23/10) – T3 Motion, Inc. (OTC.BB: TMMM – News ) ( www.t3motion.com ), a leader in cost-effective, clean-technology electric vehicles, has announced that its T3 Series electric standup vehicle (ESV) and CT Micro Car have been certified as a Qualified Plug-In Electric Vehicle Credit under IRS Section 30. The resulting tax credit for T3 …

Creating New Jobs by Investing in High-Speed Rail