Category:
Tax Breaks & Subsidies
Lincoln exploring tax options for First Wind
March 20, 2009 by Nick Sambides Jr. in Bangor Daily News
March 20, 2009 by Nick Sambides Jr. in Bangor Daily News
With the Town Council's first try at negotiating a 20-year tax break for First Wind of Massachusetts essentially dead due to a deadlocked 3-3 council vote on March 9, councilors will meet Monday to resume talks with the wind- power proponent, officials said Thursday.
The executive session is the meeting's sole purpose. No council votes are expected, Chairman Steve Clay said.
Also filed under [
Maine]
State giving up $500,000 per job in renewables
March 9, 2009 by David McGrath Schwartz in Las Vegas Sun
March 9, 2009 by David McGrath Schwartz in Las Vegas Sun
Nevada has handed out tax incentives worth an estimated $45 million to lure solar and geothermal projects to Nevada over the past four years.
So far, the state has received in return promises that the projects' developers will create 89 permanent jobs.
It's a number so small that some lawmakers are questioning whether taxpayers are getting a good return on their investment in the incentives.
Also filed under [
Nevada]
Supervisors ask for $1.5 million in stimulus money to pay for wind energy consultants
March 5, 2009 by Anne Adams in The Recorder Online
March 5, 2009 by Anne Adams in The Recorder Online
Highland County supervisors agreed Tuesday they could use some help getting the proposed industrial wind energy utility here off the ground ...Toward that end, supervisor David Blanchard suggested the county ask for $1.5 million in stimulus package money to pay for consultants who could assist.
The 39-megawatt facility planned by Highland New Wind Development LLC has state and local permits to build and operate the plant, but there are strict conditions attached to each.
BPA plans major transmission project; Project could create as many as 700 jobs
March 5, 2009 by Eric Florip in The East Oregonian
March 5, 2009 by Eric Florip in The East Oregonian
When the government's $787 billion economic stimulus package became law last month, the Bonneville Power Administration was one of the many beneficiaries.
The federal utility wasted no time making use of its share, rolling out plans for a major transmission project ...The project now aims to provide service for 873 megawatts of energy - about 700 megawatts of that from wind power. That wouldn't have been the case seven years ago, he said.
Also filed under [
Energy Policy|
Oregon]
Wind turbines in Kansas could be taxed by the state and local governments under legislation supported Friday by a group of western Kansas officials.
A bill before the House Taxation Committee would eliminate the lifetime property tax exemption granted in 1998 to renewable energy resources and technologies.
The Kansas Legislative Policy Group, a coalition of 30 county commissions in western Kansas, offered the sole testimony in support of the change Friday.
Also filed under [
Kansas]
The Cattaraugus County Legislature will be represented on a panel that will work with town and school delegates to set up a tax-exemption policy for the Cattaraugus County Industrial Development Agency’s wind farm projects.
A blanket state tax exemption for wind farms and other alternative energy systems was lifted in the county by the Legislature in 2008 following a lengthy debate.
Also filed under [
Impact on Economy|
New York]
After a week that smoothed the path for a proposed Coos County wind farm, a state attorney is asking for closer scrutiny of its financing.
Peter Roth, a senior assistant attorney general, has asked the state Site Evaluation Committee to suspend hearings to license the construction of 33 wind turbines along forested ridgelines. He said Granite Reliable Power has not shown it can pay for the $275 million project, a claim rebutted by an attorney for the company.
Also filed under [
General|
New Hampshire]
Governor backs off renewable energy support
February 22, 2009 by Pat Forgey in Southeast Alaska Mining
February 22, 2009 by Pat Forgey in Southeast Alaska Mining
Gov. Sarah Palin has trimmed back her support for renewable energy in the face of declining oil revenues, but the Legislature is still pushing forward with last year's proposed projects. ...Palin budget director Karen Rehfeld said the governor was still committed to renewable energy, but with next year's budget likely to have a significant deficit at estimated oil prices, it wasn't a good idea to take money out of savings for new spending now.
Also filed under [
Energy Policy|
Alaska]
The wind-energy boom has been seeded by federal and state tax credits that generally are most beneficial for wealthy investors, partnerships and corporations who might have unrelated income to offset. The federal stimulus bill appears to allow the tax benefits to be claimed by such a taxable pool, increasing profits and dividends to a lot of smaller owners, said Lee Schafer, director of investment banking at Northland.
Stephenson County officials are asking certain area taxing bodies to abate property taxes for the EcoGrove wind farm project for approximately three years, as part of an effort to ensure the initiative's financial viability.
While these taxing bodies would lose money in the short term, they would make a considerable amount of funding once the wind farm is up and running and if the project continues to expand, officials said.
Also filed under [
Illinois]
The stimulus package, while welcome, may not be a quick fix for the struggling wind and solar industries, experts say.
The package is loaded with tax credit provisions that both industries have long sought ...and an option of converting tax credits from both industries into direct cash. In theory, that means the federal government could end up footing the bill for 30 percent of the cost of a wind farm or solar array.
Also filed under [
Energy Policy|
USA]
California increasingly is depending on solar energy to meet its commitments to reduce greenhouse gas emissions under the state's landmark 2006 global warming law. According to regulators, utilities received 30% more bids for solar power projects in 2008 than in the previous year while wind farm proposals dropped by half and "very few" geothermal tenders were filed.
The fact that utilities received 24,000 megawatts' worth of renewable energy bids last year (more than enough, if built, to meet the 33% renewable energy target) speaks to the frothy state of the market.
Also filed under [
Energy Policy|
California]
The Naples School Board voted last week to accept an agreement with First Wind that would give the district higher payments on any windmills the company may build within the district boundaries. ...At this point, Macaluso said First Wind has put the project on hold because of finance troubles.
Will the stimulus work? It will help, but don't expect quick turnaround for jobs, economy
February 11, 2009 by Jeannine Aversa in Chicago Tribune
February 11, 2009 by Jeannine Aversa in Chicago Tribune
No, the big stimulus plan won't "save or create 3.5 million jobs," as the president and congressional Democrats claim - at least not this year. The economy will remain feeble through 2009, analysts warn, and businesses will keep shedding jobs ...The stimulus agreement, heading for final votes in the next day or so, goes to the heart of President Barack Obama's strategy to revive the economy and will go far in shaping how Americans view his economic leadership.
What it won't do is quickly snap the country out of the painful recession, now in its second year.
Also filed under [
Impact on Economy|
USA]
The state Senate refused Monday to re-open debate on Sen. Frank Kloucek's proposed tax break for noncommercial wind-energy systems.
The legislation failed on the first attempt on Friday, when Lt. Gov. Dennis Daugaard broke a 17-17 tie by voting against it.
An attempt to reconsider the bill on Monday fell short 17-18, as Sen. Jim Bradford, R-Pine Ridge, switched from yes to no.
Also filed under [
Energy Policy|
South Dakota]
Maple Ridge Wind Farm jurisdictions hire lobbyist
February 5, 2009 by Steve Virlker in Watertown Daily Times
February 5, 2009 by Steve Virlker in Watertown Daily Times
Taxing jurisdictions benefiting from the Maple Ridge Wind Farm have retained an Albany firm to lobby against proposed Empire Zone program changes that could impact future revenues.
"We've got a lot of money at stake," Lewis County Attorney Richard J. Graham said at Tuesday evening's legislators meeting.
County legislators approved an agreement with Capitol Public Strategies to provide consulting services for up to $7,500 per month for the next four months.
Also filed under [
New York]
Wind power advocates are pushing for billions in tax incentives and grants in the $819 billion recovery package moving through Congress, hoping to offset an economic slowdown affecting the industry.
Expansion of wind energy, ...could depend on how the stimulus plan is overhauled by the Senate ...The Senate version includes the tax breaks but does not offer the grant program, which would allow wind and solar industries to convert tax credits into grants from the Energy Department.
Also filed under [
USA]
The wind energy fight has blossomed into more of a battle than many had expected - especially among Democrats. ...critics argue that this amounts to a cash entitlement for the producers and is too expensive for the public.
"Developers are racing to build wind turbines in the middle of Nowhere, USA, requiring extensive and expensive new transmission development, and we are not assured that the power generated will meet our load demands, given that wind typically produces off peak, at night, and in the winter," said Lisa Linowes of the Industrial Wind Action Group.
Also filed under [
Energy Policy|
USA]
Gargantuan London Array offshore wind farm in doubt as E.ON questions economics
January 26, 2009 in Power Engineering
January 26, 2009 in Power Engineering
According to the Financial Times, E.ON UK, the British arm of the German energy group, said the viability of its London Array project, a planned 1000 MW wind farm in the Thames estuary, had been called into question by the falling prices of oil, gas and carbon dioxide emissions permits. ...Centrica, the owner of British Gas, estimates that each megawatt of wind power capacity costs about £3m to build: more than the equivalent cost for a nuclear power station.
Also filed under [
Impact on Economy|
UK]
New PILOT deal moves Prattsbrugh wind farm project ahead
January 22, 2009 by Mary Perham in The Courier
January 22, 2009 by Mary Perham in The Courier
A new tax incentive is in place for the stalled First Wind wind farm project in Prattsburgh, pending what officials hope is the final approval by the Naples Central School District next week.
The Steuben County Industrial Development Agency signed on to a new payment-inlieu of-taxes (PILOT) agreement that will provide more money to the Prattsburgh and Naples school districts while also increasing the town of Prattsburgh's share.
Also filed under [
New York]
| << Property Values | Tourism >> |
- Options :
- View Archives