Articles filed under Taxes & Subsidies

Scottish Renewables Funding Sparks A Row

Deputy First Minister Nicol Stephen announced some extra funding for green energy systems in Scotland's homes recently, during the launch of a SCHRI-funded water-sourced heat pump at New Lanark Heritage Site. The £3m over two years will go to the Scottish Community and Householder Renewables Initiative (SCHRI) to fund small-scale projects.
17 May 2006

NAR President: 'Congress is Watching the OCC'

Union Bank of California received OCC approval late last year for an equity investment in 70 percent of a wind energy project, which would allow the bank to take advantage of federal tax credits. The company intends to purchase wind turbines and land in order to generate electricity. Despite Union Bank's claim that the deal is structured as an investment rather than a loan only to take advantage of the tax credits, the OCC is not requiring the windmill company to repay the principal, and periodic payments are conditioned on revenues generated by the company.
17 May 2006

Ethanol bill passes, but modified

The governor also notified lawmakers Monday he was letting a bill aimed at boosting wind-energy production in Colorado become law without his signature. House Bill 1275, sponsored in the Senate by Sen. Greg Brophy, R-Wray, changes the method of taxing wind farms from a business tax based on the value of equipment that depreciates over time to a production tax that levelizes the revenue stream to counties over a 20-year period.
10 May 2006

US group to make power conservation a commodity

NEW YORK - US companies and organizations that conserve electricity by switching to more efficient lighting or by moderating heating and cooling will earn a credit they can trade or bank. That's the hope of Sterling Planet, a Georgia-based company that has created "white tags," or tradable certificates that are similar to "green tags," or tradable credits for creating and delivering renewable energy, such as solar and wind.
10 May 2006
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