Congress to Decide on Renewable Energy Provision in Tax Bill

14 Dec

ACORE is pumping out the PR now that Congress is poised to either let die or renew a provision created by the staff of the U.S. House of Representatives Ways & Means Committee in January 2009. The provision being considered in the pending tax bill will potentially support or inhibit renewable energy projects in 2011. It appears California, Arizona, and Wyoming stand to gain the most based on an analysis prepared by the US Partnership For Renewable Energy Finance (US PREF)..

Here’s the full press release provided by ACORE:

Congress Poised to Save $25 Billion of Renewable Energy Projects in 17 States;
Key Vote Due on the “1603” Incentive for American Entrepreneurs;

California, Arizona and Wyoming to Stand to Benefit the Most

December 14, 2010 – Washington, DC: The US Partnership For Renewable Energy Finance (US PREF) introduced an analysis that a provision being considered in the pending tax bill stands to save at least $25 billion of renewable energy projects in 17 states in 2011, among which California, Arizona, and Wyoming stand to gain the most. Read more

ACORE Calls for Global Renewable Energy Standard

07 Dec

American Council On Renewable Energy (ACORE) Calls for a Global Renewable Energy Standard (G-RES) at COP-16. The resolution seeks global agreement on 25% of energy supplies from renewable energy by 2025.

OilObit.com News: SOURCE – ACORE/December 4, 2010 – Cancun, Mexico:  In a bold move to get the UN climate talks moving towards a positive and concrete outcome, Michael Eckhart, President of the American Council On Renewable Energy (ACORE) called for a global agreement on the adoption of 25% renewable energy by the year 2025, to be called the Global Renewable Energy Standard (G-RES) and furthermore called on the International Renewable Energy Agency (IRENA)to be designated the lead agency to support implementation of the agreement.

“The world seeks leadership and guidance on the best path to a cleaner, safer environment and stable atmospheric ecosystem.  But it is clear to most of us that there is no single path – that this is a matter of many paths that together get the world to where it needs to be,” said Eckhart.  “We know today that three of the cornerstone paths to climate protection are the adoption of renewable energy, investment in greater energy efficiency, and protection of the rainforests as the Earth’s lungs.  It is time to have concerted action on each of those three paths, getting started on what we know will work.  I believe we can agree on the adoption of renewable energy here this week at COP-16, and we hereby call on the conference to introduce the measure and test it with a vote.  We believe it can pass, and call on other associations and NGOs to encourage their governments to agree.”

ACORE put forward the following draft resolution:

RESOLVED, that the undersigned nations commit to a Global Renewable Energy Standard (G-RES) in the amount of 25% by the year 2025.  That is, that each signatory nation shall hereby be committed to a goal of supplying not less than 25% of its national energy supply from renewable energy sources, herein defined as wind, solar, hydro, ocean, geothermal and biomass sources of electricity, fuels, heat and other end-use forms of energy; and to a process of international collaboration through the International Renewable Energy Agency (IRENA) as the designated lead agency for implementation.  The G-RES shall provide for two implementing mechanisms: direct installation of renewable energy systems sufficient to meet the goal, and the sale/purchase of Global Renewable Energy Certificates (G-RECs) between nations.

“Most countries can meet this goal while also increasing economic growth and employment, insulating themselves from intense energy price swings, and protecting the ecosystems of our planet.” said ACORE Advisory Board member Scott Sklar.

Previously, worldwide renewable energy groups signed a memorandum of understanding on the 25% by 2025 goal, including ACORE and the Chinese Renewable Energy Society (CRES) chaired by Shi Dinghuan, the Chinese Renewable Energy Industries Association (CREIA) headed by Li Junfeng, the European Renewable Energy Council (EREC) chaired by Arthorous Zervos, and the World Council for Renewable Energy (WCRE) chaired by Wolfgang Palz.  Other groups around the world have promoted a “25×2025” goal including the Energy Future Coalition in the U.S.

“Agreeing on a global renewable energy target would be a positive signal for the world that countries are really serious and take concrete action against climate change. Renewable energy technologies together with energy efficiency are the key solution to abating climate change and at the same time promoting these creates millions of sustainable jobs and economic welfare. It is high-time to deliver a concrete outcome of the UN climate talks, the agreement on a global renewable energy target would send a signal of hope to the world”, said Zervos.

About the United Nations Framework Convention on Climate Change (UNFCCC):
The Convention on Climate Change sets an overall framework for intergovernmental efforts to tackle the challenge posed by climate change.  It recognizes that the climate system is a shared resource whose stability can be affected by industrial and other emissions of carbon dioxide and other greenhouse gases.

About the Cop-16 Climate Summit:

The United Nations Climate Change Conference is taking place in Cancun, Mexico, from 29 November to 10 December, 2010.

About International Renewable Energy Agency (IRENA):
Mandated by governments worldwide, IRENA’s mission is to promote the widespread and increased adoption and sustainable use of all forms of renewable energy. IRENA’s Member States pledge to advance renewables in their own national policies and programs, and to promote, both domestically and through international cooperation, the transition to a sustainable and secure energy supply.

About EREC:
The European Renewable Energy Council (EREC), is the umbrella organization of the major European renewable energy industry, trade and research associations active in the field of photovoltaics, small hydropower, solar thermal, bio-energy, ocean & marine, geothermal, wind energy and solar thermal electricity. It represents an industry with an annual turnover of more than €70 billion and more than 550,000 employees. Additional information is available on www.erec.org

About ACORE

ACORE, a 501(c)(3) membership non-profit organization headquartered in Washington, DC, is dedicated to bringing renewable energy into the mainstream of the US economy and lifestyle through research and communications programs and membership committees. ACORE’S membership works in all sectors of the renewable energy industries including wind power, solar energy, geothermal energy, hydropower, ocean energy, biomass, biofuels, and waste energy. ACORE provides a common platform for the wide range of interests in the renewable energy community including end users, technology companies, manufacturers, utilities, professional service firms, financial institutions, colleges and universities, associations, non-profit organizations and government agencies. ACORE serves as a thought leadership forum through which these parties work together on common interests. ACORE co-organizes the REFF-Wall Street and REFF-West Finance Conferences, the RETECH All-Renewables Energy Conference and Exhibition, the Phase II National Policy Forum in Washington, DC, and hosts both domestic and global policy events furthering the mission of renewable energy. Additional information is available at www.acore.org.

Press Contact: Turner Houston
American Council On Renewable Energy (ACORE)
Ph: +1-202-393-0001



Renewable Energy: Tax Credits for Windspire

27 Jul

Windspire renewable energy - tax credits and incentivesClearly, tax incentives are necessary to motivate the public to invest in renewable energy sources. The capital expenditures for renewable energy are still high but we’re gaining ground.

The following includes tax credit information for Windspire products. We’ll continue to publish information on tax incentives and rebates as we find them. Please let us know if you know of any so we can help spread the word!

U.S. Federal Small Wind Tax Credit

U.S. home owners and businesses can save 30% off the total cost of their Windspires by applying for a 30% tax credit on their federal income taxes.  The credit applies to the total cost of the project, including the turbines and installation.

U.S. Businesses are also eligible to take their 30% tax credit as cash.  Under a new program introduced by the U.S. Treasury and Department of Energy, businesses may now collect their credit in cash within sixty days of completing an installation instead of waiting for an end of year tax credit.

To learn more about the program visit the U.S. Treasury website.

Local Rebates for Windspire Products

Local rebates are also available from state renewable energy funds and local power companies. In some states the rebates can be as high as $4,800 per Windspire.  Your local Windspire dealer can also help you understand your local and state rebates. You can also visit DSIRE, a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency.

From the Windspire blog: 9 Things to Know About Small Wind Power

Used to be if you wanted to put a wind turbine up at your house you either had to live on a remote farm, or grow your hair long and pledge allegiance to an aging group of touring musicians. Thanks to major improvements in technology and a general awareness of the benefits of making your own energy from clean and free wind, small wind power is going mainstream. According to the American Wind Energy Association (AWEA), the US small wind market grew by 78% last year with many new turbines hitting the market. But more options don’t make finding the right wind power solution easy. If you are interested but not sure how to even get started, here are 9 things to know as you consider wind power. (Continue reading on the Windspire blog here)

I found the Windspire website while reading a HubSpot eBook about developing better B2B Facebook pages. The company’s Facebook page was one of the examples in the eBook; how to do a Facebook page right:

Windspire: www.windspireenergy.com
Employees: 11 to 25
Industry: Business Products
Facebook Fans: 2,7865
Page Features: Wall, Photos
Go to Facebook Page