solar tax legislation? [RE-wrenches]

[Kirk Herander]

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Jeff,

The bill is bad in many respects, but it will most likely pass due to the
makeup of the Senate (it has already passed the House with a rebate fund set
up, not a tax credit - we definitely want the tax credit - not a fund
without any ongoing means of money for it). We should take what we can get
in terms of the tax credit. If the 30% tax credit is in the Senate version
and it passes, SEIA needs to lobby to make sure it doesn't get tossed when
House and Senate bills are reconciled.

Kirk

Vermont Solar Engineering
Kirk Herander
North American Board of Certified Energy Practitioners
Certified Solar PV Installer(TM)
Xantrex Certified Dealer Charter Member
NYSERDA-eligible installer
Vermont Solar and Wind Partner

PO Box 697
Burlington, VT. 05402
www.vermontsolar.com
www.backeastsolar.com
800.286.1252 - 802.863.1202
fax 802.863.7908

----- Original Message -----
From: "Jeffery Wolfe, Global Resource Options"
<jeff at globalresourceoptions.com>
To: <RE-wrenches at topica.com>
Sent: Sunday, June 05, 2005 10:16 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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