solar tax legislation? [RE-wrenches]

[Joel Davidson]

<x-flowed>
>From the GOP-WMD 2000 Platform:
- Expand the tax credit for renewable energy sources to include wind and 
open-loop biomass facilities, and electricity produced from steel 
cogeneration.
- Provide a tax incentive for residential use of solar power.
See http://federalistpatriot.us/histdocs/platforms/republican/rep.2000.html

Joel Davidson
"America has the best politicans money can buy" - Will Rogers


----- Original Message ----- 
From: "Jeffery Wolfe, Global Resource Options" 
<jeff at globalresourceoptions.com>
To: <RE-wrenches at topica.com>
Sent: Sunday, June 05, 2005 7:16 AM
Subject: RE: solar tax legislation? [RE-wrenches]


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There is a proposal somewhere in the Fed. Energy Bill for a 30% tax
credit (not deduction, CREDIT), with a max of $7500. This is being
championed by Sen. Lamar Alexander of TN. The same guy who is vehemently
against large wind. Perhaps the presence of a large PV manufacturing
plant in his state has swayed his mind on PV, but his story is that he's
deeply involved in NG, and solar PV is the perfect complement to offset
NG peak electrical needs. (True.) There are also other RE provisions in
the bill, including extending the PTC to large solar and other RE
sources.

Unfortunately, this provision will probably be buried in an energy bill
that does more to promote brown fuels and nuclear than it does to
promote RE.

Status, I believe, is that it is in the tax writing committee right now.

What do Wrenches want? Should we support the bill regardless of what
else is in it in order to get the credit? Or should we strongly support
the credit, but be against the bill unless it does more good than harm?
(How we measure that is another story, but make believe we can).

At this point, SEIA is for the bill, as it includes this provision. As
PV Chair, I'd like your thoughts and input.

Thanks,

Jeff
Chair, PV Division, SEIA
Global Resource Options, Inc.

-----Original Message-----
From: Jay Peltz, Peltz Power [mailto:jay at asis.com]
Sent: Saturday, June 04, 2005 11:08 AM
To: RE-wrenches at topica.com
Subject: solar tax legislation? [RE-wrenches]

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Is there anything new coming out about tax credits for solar?

Federal ( yea right) or state, specifically California?

thanks,

jay

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