US Energy Bill [RE-wrenches]
Ray Walters
ray at solarray.com
Mon Aug 8 18:55:59 PDT 2005
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Hi Jeff;
Loved what you said and have done so much, that I put your last 2 emails
onto my web site, with a little formatting. Its at:
http://www.solarray.com/CompletePackages/Incentives_T.php, if anyone wants
to see. Bush is coming here to New Mexico to sign it too.
Thanks SEIA;
Ray
At 04:18 PM 8/8/2005, you wrote:
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>
>One of SEIA's main goals this fall will be to get the credits extended
>to 6 years for commercial, and 4 years for residential, as originally
>passed in the senate bill.
>
>If you recall the Apollo space program, even it needed annual funding.
>What we're lacking nationally is the long term vision. If the vision is
>there, the tax credits and other appropriations will follow.
>
>Jeff
>
>-----Original Message-----
>From: Joel Davidson [mailto:joeldavidson at earthlink.net]
>Sent: Saturday, August 06, 2005 11:53 PM
>To: RE-wrenches at topica.com
>Subject: Re: US Energy Bill [RE-wrenches]
>
>Jeff,
>SEIA did a fantastic job. The next step is to get realistic about how
>long it takes businesses and customer to make plans to develop,
>implement and use PV. Two years is hardly enough time for many
>businesses to plan, budget, purchase and install PV. It is definitely
>not enough time for PV just getting on the drawing board. Most new
>construction projects take 18 months to 4 years to develop. A 10 year
>plan is more realistic and will take PV off the 4 to 8 year presidential
>political merry-go-round. Americans were willing to sign on for 10 years
>to put man on the moon. We could surely agree to make the US a renewable
>energy nation in 10 years - with the right leaders in the White House
>and Congress.
>Joel Davidson
>
>----- Original Message -----
>From: "Jeffery Wolfe, Global Resource Options"
><jeff at globalresourceoptions.com>
>To: <RE-wrenches at topica.com>
>Sent: Friday, August 05, 2005 11:30 PM
>Subject: RE: US Energy Bill [RE-wrenches]
>
>
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>
>Brad, SEIA made the huge effort and push to get these through, working
>over a period of more than 8 months. With this bill, SEIA has shown it's
>worth to the PV and solar thermal residential industries, as well as PV,
>thermal and CSP commercial industries. It's time to for all solar folks
>to consider joining SEIA. If anyone has questions on that, please
>contact me off-list.
>
>Jeff Wolfe
>Chair, PV Division, Solar Energy Industries Association (SEIA)
>
>Answers to your question from a recent SEIA newsletter:
>
>1. Solar Industry Secures Strongest Federal Tax Provisions in a
>Generation
>
>A. Energy Bill Passes Congress, Will Be Signed Into Law by
>President Bush
>
>The Senate and House have overwhelmingly passed the Energy Bill, which
>now goes on to President Bush for his signature next week. In previous
>years, the Energy Bill was hung up in the Senate; its passage today
>assures that the solar provisions will become law. Once again, the
>final solar provisions are as follows (see FAQ for more details):
>
>Increases the existing 10% tax credit for commercial solar installations
>to 30% for two years; no cap on amount of credit; applies to all
>property placed in service after December 31, 2005 and before January 1,
>2008; credit reverts to the permanent 10% credit thereafter
>Creates a new 30% tax credit for residential solar installations for two
>years; capped at $2000; applied to all property placed in service after
>December 31, 2005 and before January 1, 2008
>
>B. Policy Outlook and Industry Support
>
>
>
>Due to restrictions on the price tag of the overall energy bill,
>Congress capped all tax incentives for all energy technologies for two
>years in the energy bill. However, SEIA will work to expand the solar
>incentives this fall during the development of the tax extenders bill.
>In addition, we are working at the state level to develop incentives
>that complement these federal credits and open up more markets for
>solar.
>
>
>
>The network of support we have built - your resources and experience -
>will be critical as we work to extend the tax credits. We urge all
>members to continue your involvement in SEIA's legislative efforts, and
>to encourage those companies that are not yet members to join SEIA. All
>companies in the U.S. solar industry have a stake in extending the
>federal credits, and all those companies should be actively working with
>the association to strengthen our industry.
>
>
>
>
>
>C. Frequently Asked Questions (FAQ) on the Solar Tax Credits
>
>
>
>This FAQ sheet should answer many of the questions facing companies in
>the solar energy industry about the federal solar tax credits. While
>we have to be very clear that SEIA cannot offer you tax advice, which
>can ultimately only come from your tax professional, this document
>should provide some initial guidance based on the legislative text.
>
>
>
>In the coming weeks, SEIA will be working with the IRS to obtain formal
>guidance on these issues, and will keep you informed about the forms and
>procedures you will need to claim this valuable credit. All materials
>will be available Monday on SEIA's new and improved website at
>www.seia.org.
>
>
>The original legislation is enclosed as an attachment. We encourage you
>to send questions to us at info at seia.org, so that we can obtain clarity
>on these key issues for you as soon as possible.
>
>
>
>Business Credit vs. Residential Credit
>
>
> Old Incentive
> New Incentive
> Credit window
> Cap
> Eligible technologies
>
>Business credit
> 10%
> 30%
> 1/1/06 - 12/31/07 at 30%; reverts to permanent 10% thereafter
> No cap
> PV, CSP, solar hybrid lighting, solar domestic water heating (excluding
>pool heating)
>
>Residential credit
> None
> 30%
> 1/1/06 - 12/31/07
> $2,000 per system/ for each solar technology
> PV, solar domestic water heating (excluding pool heating)
>
>
>
>
>
>
>1. What are the dates of the credit? Is it applicable to existing
>systems?
>
>
>
>The credits become available for systems that are "placed in service"
>-activated - between January 1, 2006, and December 31, 2007. If the
>installation is on a new home, the "placed in service" date is the date
>of occupancy by the homeowner.
>
>
>
>Systems that have already been installed are not eligible.
>
>
>
>2. What about systems that have been purchased but not installed?
>
>Should you sell a system and even start work this year, but do not
>complete "original installation" of the system or "place it in service"
>until Jan. 1, it will qualify for the credit.
>
>
>
>3. Can this credit be applied to capacity additions? (i.e. I have a
>1.5 kW system and I want to add 1.5 kW more.) Similarly, can I apply
>this credit to used equipment going into a new installation?
>
>This is not entirely clear at present. However, the language would
>suggest that both scenarios are allowed - the credits apply to the
>amount of expenditure on solar energy property in a given year. SEIA
>will work with the IRS to develop regulations favorable to the solar
>industry. We will pass on additional information as it becomes
>available.
>
>
>4. How does the residential cap on expenditures operate?
>
>An individual can take the 30% credit up to a $2,000 cap for
>photovoltaics, while also taking the 30% credit up to a separate $2,000
>cap for solar water heating. The credit may be carried over to future
>years.
>
>
>
>Business entities have no cap on the total credit amount, provided they
>have a sufficient tax liability. Businesses have 20 years in which to
>take the credit.
>
>5. How does the credit work with existing state credits or utility
>incentives?
>
>The credit applies to the basis remaining after any state or utility
>incentives available to the taxpayer have been taken.
>
>
>
>Example: a $10,000 system that receives $5,000 in state incentives would
>be eligible for a $1,500 Federal credit.)
>
>
>6. Are there any changes to the business solar tax credit other than
>percent?
>
>
>
>The business solar tax credit will continue to be administered as
>before; all that has changed is the percentage increase to 30%.
>Operation and legal technicalities of the business credit are well
>established. An accountant or tax professional familiar with these
>rules should be able to inform you on any specific issues.
>
>
>
>7. Why are the incentives for only two years? Can they be
>expanded?
>
>
>
>Congress capped all tax incentives for all energy technologies for two
>years in the energy bill. SEIA will work to have these incentives
>expanded this fall during the development of the tax extenders bill. In
>addition, we are working at the state level to develop incentives that
>complement these federal credits and open up more markets for solar.
>
>
>
>D. Summary of Other Key Provisions in the Energy Bill
>
>
>
>Below, please find a basic summary of other relevant provisions in the
>Energy Bill. Contact Colin at cmurchie at seia.org with any questions on
>these provisions.
>
>
>
>Title II - Renewable Energy
>
>201
> Resource Assessment - DOE to complete an assessment of the available
>renewable resources in the US.
>
>202
> REPI (Renewable Energy Production Incentive) - per-kWh Production Tax
>Credit - style incentive to municipalities, tribes, rural co-ops and
>others unable to take the conventional PTC. No specific authorized
>funding level.
>
>203
> Federal Purchase Requirement - requires Federal agencies to acquire a
>specified percentage of their electricity (3% in 2007 rising to 7.5% by
>2013) from renewables. Double credit for production on Federal or
>tribal lands or buildings.
>
>204
> Federal Photovoltaics Purchase - Secretary of Energy to procure at
>least 150 MW of PV over 2006 - 2010 timeframe for use on Federal
>buildings. $50 - $60M / year authorized.
>
>206
> Residential Rebate Program - DOE to offer rebates with some
>restrictions to homeowners who purchase PV, small wind, or biomass
>energy (high-efficiency woodstove) equipment under low income
>weatherization assistance program. No specific authorized funding
>level.
>
>207
> "Sun Wall" at DOE - authorizes one time $20M expenditure for
>construction of photovoltaic "Sun Wall" project at DOE headquarters.
>
>209
> Rural Electrification Grants - $20M authorized annually for
>transmission and generation construction - including renewables - for
>rural electrification purposes.
>
>241
> Insular Areas Energy Security - DOE / DOI to develop plans for island
>energy security & disaster hardening. Includes some provision for
>distributed solar.
>
>Title IX - Research and Development
>
>921
> Distributed Generation R&D - ca. $240M / year authorized to be expended
>on distributed generation research.
>
>924
> Portable Power Demonstrations - Distributed generation R&D to include
>demonstrations of portable power projects & university partnerships.
>
>925
> Electricity Reliability - R&D programs to include studying integration
>of residential and distributed generation.
>
>931
> Renewable Energy R&D - authorizes $631M in renewable energy R&D for
>2007, rising to $852 in 2000.
>
>935
> Solar Energy R&D - $140M in 2007 rising to $250 in 2009 for solar R&D.
>
>934
> Concentrating Solar Power Research - specifically authorized by
>Congress.
>
>935
> Solar & Renewables on Public Buildings - ca. $40M each year of solar
>budget to be used for 40% Federal cost share of solar, other renewable
>generation on public buildings.
>
>Title XII - Electricity
>
>1251
> Net Metering - State utilities commissions to consider requiring net
>metering within two years; not explicitly retail rate; requirement for
>consideration waived if legislature or state PUC has ruled on it
>previously.
>
>1252
> Time Based Rates - State utilities commissions to consider requiring
>time based rates within two years; requirement for consideration waived
>if legislature or state PUC has ruled on it previously.
>
>1254
> Interconnection - State utilities commissions to consider requiring
>IEEE 1547 - based interconnection within two years; requirement for
>consideration waived if legislature or state PUC has ruled on it
>previously.
>
>Title XVIII - Studies
>
>1827
> Costs and Incentives for Metered Passive Solar - DOE to perform a study
>on comparative price and incentive levels of metered passive solar vs.
>photovoltaics.
>
>
>
>
>
>-----Original Message-----
>From: Brad Albert [mailto:brad at risingsunsolar.com]
>Sent: Saturday, August 06, 2005 12:33 AM
>To: RE-wrenches at topica.com
>Subject: US Energy Bill [RE-wrenches]
>
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>
>Does anyone know what incentives are going to be part of the US energy
>bill which is being approved next week? I heard that there may be a 30%
>federal tax incentive?
>
>BA
>
>
>On 8/1/05 10:49 AM, "John Raynes" <john at raynes.com> wrote:
>
> > ==========================================================
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> > ==========================================================
> > At 01:40 PM 8/1/2005 -0700, you wrote:
> >> Also, how is it that a couple of you are claiming an average of 6
> >> sun hours per day in the winter? Do you build a tracker into every
> >> system design automatically?
> >>
> >
> > No, that's what you get at 55-65 degree tilt in the high southwest
> > desert, 6000-7000 feet elevation, with no pollution. We get about
> > 5-1/2 to 6 sun hours monthly average in the middle of winter here in
> > So. Central UT. During periods of high storminess the 5 day moving
> > average can get as low as about 4 sun hours for a week to 10 days or
>so at times, though.
> >
> > John Raynes
> > RE Solar
> > Torrey UT
> >
> >
> > - - - -
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> >
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> > http://lists.topica.com/lists/RE-wrenches/read
> >
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> >
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> >
> > Moderator: michael.welch at homepower.com
> >
> >
> >
>
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Ray Walters
ray at solarray.com
President, SolarRay, Inc.
NABCEP Certified Solar PV Installer
BS Mechanical Engineering, UT Austin 88
Returned US Peace Corps Volunteer
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