Tax credits for renewable energy production and other incentives expired with 2013. The current Congress, facing mid-term elections, sees more pressing issues than the retroactive extension of these credits, including credits of a $1 per gallon of biodiesel, 2.3 cents per kilowatt hour of wind energy, $1.01 per gallon of ethanol produced from cellulose sources, and credits for household energy efficiency improvements. Projects that began construction before the December 31 expiration are entitled to many of the credits for renewables through the end of 2015, although new projects would not be eligible without extender legislation. If Congress takes any action… Read more
Tag: energy
Global Solar Photovoltaic Industry is Likely Now a Net Energy Producer, Stanford Researchers Find
The construction of the photovoltaic power industry since 2000 has required an enormous amount of energy, mostly from fossil fuels. The good news is that the clean electricity from all the installed solar panels has likely just surpassed the energy going into the industry’s continued growth, Stanford researchers find. To read the complete article, click here. For more information, please contact Steve O’Day.
New Analysis Makes Forceful Argument For Favorable and Effective Tax Incentive For Solar Projects
Affordable energy is critical to industry and is a key lever of American progress. As the U.S. continues to work toward economic recovery, the most effective energy tax policies will encourage private investment in beneficial technologies while ensuring that the costs of those incentives are not inordinately borne by others. Newly published analysis by the U.S. Partnership for Renewable Energy Finance (US PREF) contends that the Investment Tax Credit for solar photovoltaic projects has been a success in reaching this objective. In Paid In Full: An Analysis of the Return to the Federal Taxpayer for Internal Revenue Code Section 48… Read more