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WesternZagros Announces 2010 First Quarter Results

CALGARY, ALBERTA–(Marketwire – May 27, 2010) – N

Oilsands Lawsuit: Chipewyan Prairie Dene First Nation

Senate passes $15 billion bill to spur employment

Senators approved a $15 billion job-creation bill on Wednesday, which would give businesses tax breaks for hiring the unemployed and states more money for infrastructure projects.

Senate approves extension of biodiesel tax credit along with jobs bill.: An article from: The Food & Fiber Letter $9.95 This digital document is an article from The Food & Fiber Letter, published by Informa Economics, Inc. on March 15, 2010. The length of the article is 386 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: Senate approves extension of…

The Candidates 2008: Bill Richardson | Tax Policy

Consumer Energy Tax Incentives What the Economic Stabilization Bill Means to You The recently passed Emergency Economic Stabilization Act of 2008 (P.L. 110-343) included, extended and/or amended many consumer tax incentives originally introduced in the Energy Policy Act of 2005 (EPACT).

The bill also included tax incentives for businesses, utilities, and government. For a complete summary of the tax incentives included in the bill, read the summary of Energy Tax Incentives in The Emergency Economic Stabilization Act of 2008. About Tax Credits A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.

Fuel-efficient vehicles and energy-efficient appliances and products provide many benefits such as better gas mileage – meaning lower gasoline costs, fewer emissions, lower energy bills, increased indoor comfort, and reduced air pollution. In addition to federal tax incentives, some consumers will also be eligible for utility or state rebates, as well as state tax incentives for energy-efficient homes, vehicles and equipment.

Each state’s energy office web site may have more information on specific state tax information. Below is a summary of many of the tax credits available to consumers. Please see the ENERGY STAR®’s Federal Tax Credits for Energy Efficiency for complete details.

Home Energy Efficiency Improvement Tax Credits Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in the home can receive a tax credit of up to $500 for improvements “placed in service” starting January 1, 2009 through December 31, 2009.

The ENERGY STAR® website has a complete summary of energy efficiency tax credits available to consumers. Residential Renewable Energy Tax Credits Consumers who install solar electric systems can receive a 30% tax credit for systems placed in service from January 1, 2006 through December 31, 2016; the previous tax credit cap of $2,000 no longer applies.

In addition, consumers who install small wind systems can receive a tax credit up to $4,000. Geothermal heat pumps also qualify for tax credits up to $2,000. Automobile Tax Credits Individuals and businesses who buy or lease a new hybrid gas-electric car or truck are eligible for an income tax credit for vehicles “placed in service” after January 1, 2006 and purchased on or before December 31, 2010. The amount of the credit depends on the fuel economy, the weight of the vehicle, and whether the tax credit has been or is being phased out. Hybrid vehicles that use less gasoline than the average vehicle of similar weight and that meet an emissions standard qualify for the credit.

There is a similar credit for alternative-fuel, diesel, and fuel-cell vehicles. This tax credit will be phased out for each manufacturer once that company has sold 60,000 eligible vehicles. At that point, the tax credit for each company’s vehicles will be gradually reduced over the course of another year. Read the IRS’s Summary of the Credit for Qualified Hybrid Vehicles for information on the status of specific vehicle eligibility.

If individuals and businesses buy more than one vehicle, they are eligible to receive a tax credit for each. If a tax-exempt organization buys such a vehicle, the retailer is also eligible to receive another credit.

Companies that buy heavy-duty hybrid trucks are also eligible for a larger tax credit. Consumers who purchase plug-in electric drive vehicles can also receive a tax credit. The credit for passenger vehicles and light trucks ranges from $2,500 to $7,500 based on the tax code formula.

Taxpayers may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the total number of qualified plug-in electric drive vehicles sold in the U.S. exceeds 250,000. * Source: ENERGYSTAR.gov ** The IRS will determine final tax credit amounts. As more information becomes available, it will be posted on our web site. Original article from: http://www.energy.gov/taxbreaks.htm

Walmart, others make money on Oregon’s energy tax credits

Out of state corporations, such as Walmart and Costco, buy Oregon’s clean energy tax credits at a discount and make a profit.

Analyzing the interaction between state tax incentives and the federal production tax credit for wind power …

Sci-Tech Today: Tax credits and nanotech to make solar energy more affordable

Free power isn’t totally free you will need to invest in equipment; but the power you make will be free. You have a large advantage over power companies when you make free power at home. No delivery charge. Power companies collect power or convert it then deliver it. They divide the cost of investment over 30 to 50 years and charge you for the investment and delivery amortized over time. What is the delivery cost if you make your own power (Zilch, zero, nothing)? If you hire a contractor to install energy devices at your home the cost will not be much cheaper than the Power Company. Your payback period will be as high as 25 years, not much better than the Power Company’s payback period.

The rules change when you make your own power with a do-it-yourself (DIY) approach. No delivery charge, no contractor cost and investment payback period is usually under 5 years.

Here are seven reasons to make DIY homemade power:

1.) Free power is everywhere. You just need to collect it.

2.) Collecting free power is easy with solar, wind, and solar hot water systems.

3.) Free power investment is cheep for DIY. DIY projects can be 1/10 the cost of commercial and payback is 5-10 times faster, usually under 5 years.

4.) The governments encourage free power collection. The government will pay you. In the USA the tax credit is 30% up to $2000 for solar electric and solar hot water and up to $4,000 for small wind turbine. That is not much for commercial investment of $20,000 to $80,000; but this is a lot for DIY projects of $100 to $6,000.

5.) Free power is green. The more you collect the less the power company pollutes our planet. That makes a greener planet for our future and the kids’ future.

6.) Do-it-yourself guides that make free power projects easy and low cost are cheep. Projects are a $100 – $200 investment. Multiple projects can get you off the grid completely.

7.) Remote sites like a vacation home or cabin, hunting lodge, campsites can be powered by these free power projects, no gas generator and no kerosene.

Solar Panels

Solar panels are a collection of solar cells, soldered together into a system. The cells can be purchase on eBay for about $50 per 100 watts of power. You assemble the cells in to 70 – 175 watt panels. Installing the panels is a matter of some brackets and wire. Solar panel installation is much more flexible and portable than wind turbines. They produce 18+ volts in to a battery charge controller. The controller fills deep cycle batteries with the power during the day. Power can be generated most days, even with clouds. The limitation of solar panels is the sun. It’s up only half the day. A power inverter converts the battery’s power to household power for your normal use, day or night. Building several panels can achieve 1000+ watts of power.

Small Wind Turbine

Wind turbine is not for everyone. You need an open space, not because they are too large but because the wind flows better in the open. You need a minimum of 10+ M.P.H. wind speed with 20+ M.P.H. being ideal. An advantage to wind turbines is the wind can blow all day to produce power day or night. Another consideration is the wind turbine needs to be on a tower. The taller the better, in the 20 – 60 foot range. This usually requires local zoning permits. If these are not a problem you will get twice the power out of a wind turbine than for the same investment in solar panels. The break-even point is $400. More than that, the wind turbine is less costly to build for the same power output. You can easily get 450 watts to 1,000 watts from one DIY homemade turbine. Like the Solar Panel description above, you store the energy in deep cycle batteries and use an inverter to make household power, day or night.

Solar Hot Water

The power required for a home hot water heater is about 30% of the household energy budget. The solar hot water can easily cut that in half. Solar hot water uses the greenhouse effect. Build a box with a glass cover and some pipes and you can get hot water in the range of 120 – 130 degrees Fahrenheit winter and summer. Feed this hot water into you hot water heater for storage and the hot water heater will shut down, no power consumption. The hot water heater will only run when a boost is required like washing clothes. The construction is cheep and easy.

Do you want to know how to do these projects, what materials to buy, how big or small to make things? Get a DIY guide is the answer. For under $50 you can get a step-by-step guide, a plan and in some cases where needed you get a video tutorial. Which guide is best? Where do you get the guide. Go to www.ResidentialEnergykit.com for help.

Snohomish County industries have hope for 2010

After a year of high unemployment and low expectations, Snohomish County showed signs late in 2009 that its economy could be on the mend.

Analyzing the interaction between state tax incentives and the federal production tax credit for wind power …

Waxman-Markey: Let’s talk about Federal Renewable Electricity Credits

Question: Are there state by state wind energy production tax credits (PTC’s) or only federal?

Answer: You have to check with each state. MT, for example, does.

http://www.deq.state.mt.us/energy/Renewable/TaxIncentRenew.asp

Bills and Resolutions @ Download Center

* All text versions of bills are As Filed, unless otherwise indicated. HB00010 [History] [Engrossed PDF, 103k] AN ACT REQUIRING CERTIFICATION OF THE DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT (DSWD) TO DECLARE A “CHILD LEGALLY AVAILABLE FOR ADOPTION” AS A PREREQUISITE FOR ADOPTION PROCEEDINGS, AMENDING FOR THIS PURPOSE CERTAIN PROVISIONS OF REPUBLIC ACT OF 1998, REPUBLIC ACT NO. 8043 …

Tax Credit Local Impact