Please enter your e-mail address here to receive monthly pertinent news and updates from Eco-Green-U. Thank you
Business Tax Incentives
Written by Mitch GutuCommercial Buildings
What is the tax incentive for commercial buildings?
A tax deduction of up to $1.80 per square foot is available to owners or tenants (or designers, in the case of government-owned buildings) of new or existing commercial buildings that are constructed or reconstructed to save at least 50% of the heating, cooling, ventilation, water heating, and interior lighting energy cost of a building that meets ASHRAE Standard 90.1-2001. Only buildings covered by the scope of ASHRAE Standard 90.1-2001 are eligible. Partial deductions of $.60 per square foot can be taken for improvements to one of three building systems that reduce total heating, cooling, ventilation, water heating and interior lighting energy use by a certain percentage below ASHRAE 90.1-2001—the building envelope (10%), lighting (20%), or heating and cooling system (20%). An interim system-specific goal for lighting is provided directly in the legislation and is valid until the IRS issues a final regulation. The interim lighting provision allows prororated deductions from 30 cents to 60 cents per square foot for lighting systems as described below. These deductions are available for buildings or systems placed in service from January 1, 2006, through December 31, 2013.
Read 5180 times
Published in
TAX Incentives
The U.S. Department of Energy’s fluorescent lighting mandate is official.
As of July 1, 2010 magnetic ballasts most commonly used for the operation of T12 lamps are no longer be produced for commercial and industrial applications. Also, many other T12 lamps will be phased out of production starting July 2012.
What should consumers be prepared for?
- Manufacturers will be phasing out their production of T12 lamps and ballasts
- Progressively less availability of T12 lamps and ballasts
- Increased cost of T12 lamps and ballasts due to demand vs. limited supply
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, April 11, 2011
New Jersey Solid Waste Management Facility Pleads Guilty to Illegal Dumping in Upstate New York Eagle Recycling Defrauded the United States and Violated Clean Water and Wire Fraud Laws WASHINGTON – Lieze Associates, dba Eagle Recycling of New Jersey, pleaded guilty today in federal court in Utica, N.Y., for conspiring to violate the Clean Water Act and to defraud the United States, the U.S. Attorney’s Office for the Northern District of New York and the U.S. Justice Department Environment and Natural Resources Division announced today. Eagle Recycling pleaded guilty before U.S. District Judge Hurd for the Northern District of New York to one criminal felony count for conspiring to violate the Clean Water Act’s prohibition on filling wetlands and committing wire fraud to conduct that filling.
According to the charges, Eagle Recycling and other coconspirators, engaged in a multi-year scheme to illegally dump 8,100 tons of pulverized construction and demolition debris that was processed at Eagle Recycling’s North Bergen, N.J., solid waste management facility and then transported to a farmer’s property in Frankfort, N.Y. According to court documents, Eagle Recycling and other conspirators concealed the illegal dumping by fabricating a New York State Department of Environmental Conservation (DEC) permit and forged the name of a DEC official on the fraudulent permit.
Read 2428 times
Published in
Headlines
Financial Opportunities for Inventors
Written by Mitch Gutu
Inventors may seek U.S. Department of Energy (DOE) funding for energy efficiency or renewable energy technologies through three routes: the Small Business Innovation Research program (SBIR) and Small Business Technology Transfer program (SBTR), the Advance Research Projects Agency-Energy (ARPA-E), or through an unsolicited proposal.
The SBIR/SBTR programs are operated by federal agencies that have substantial R&D budgets, through a set-aside mechanism tailored for competitions among small businesses only. For more information, see the Small Business Innovation Research Web site at Small Business Innovation Research.
ARPA-E was established within DOE under the 2007 America Competes Act. ARPA-E's mission is to fund projects that will develop transformational technologies that reduce America's dependence on foreign energy imports; reduce U.S. energy-related emissions (including greenhouse gasses); improve energy efficiency across all sectors of the U.S. economy and ensure that the United States maintains its leadership in developing and deploying advanced energy technologies. For more information see the ARPA-E Web site at Advanced Research Projects Agency – Energy (ARPA-E).
Inventors may also seek funding by submitting an unsolicited proposal to EERE. For more information, see the unsolicited proposals page on this Web site.
Secretary Chu Announces Over $110 Million in SunShot Solar Manufacturing Projects
Written by Eco Green UApril 05, 2011
Solar Manufacturing Partnerships will boost American competitiveness in the global solar energy industry and lower the cost of clean, renewable energy.
As part of the SunShot Initiative, U.S. Department of Energy Secretary Steven Chu today announced the selection of up to $112.5 million over five years for funding to support the development of advanced solar photovoltaic (PV)-related manufacturing processes throughout the United States. The Department’s SunShot Advanced Manufacturing Partnerships will help the solar power industry overcome technical barriers and reduce costs for PV installations, help the U.S. regain the lead in the global market for solar technologies, and provide support for clean energy jobs for years to come.
This program is modeled in part on SEMATECH (Semiconductor Manufacturing TECHnology). Faced with falling U.S. market share for the domestic semiconductor industry from 57 % in 1982 to 38 % in 1988, SEMATECH began working with domestic equipment suppliers to improve their capabilities. As a result of SEMATECH’s work to solve common manufacturing problems by leveraging resources and sharing risks, within ten years the domestic semiconductor industry had grown by 16 percent. Through this award, SEMATECH will now apply similar ingenuity to helping the U.S. recapture the lead in solar manufacturing.
Read 2676 times
Published in
Green Energy
A tax credit is available for the purchase of a new qualified plug-in electric drive motor vehicle that draws propulsion using a traction battery that has at least four kilowatt hours of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, and meets specified emission standards. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's traction battery capacity and the gross vehicle weight rating.
The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified plug-in electric drive vehicles have been sold by that manufacturer for use in the U.S. This tax credit applies to vehicles acquired after December 31, 2009. Through December 31, 2011, qualified plug-in electric vehicle conversions are also eligible for a tax credit for 10% of the conversion cost, not to exceed $4,000. Additionally, a tax credit of up to 10% of the cost of qualified low-speed electric vehicles, electric motorcycles, and three-wheeled electric vehicles, not to exceed $2,500, is available through December 31, 2011. (Reference Public Law 111-5, Sections 1141-1144, and 26 U.S. Code 30, 30B, and 30D)
Point of Contact U.S. Internal Revenue Service Phone: (800) 829-1040 http://www.irs.gov
Article Categories
Green Resources
GET THE NEWS
|
|
|
| Energy 101 Home Energy Assessment | Facts about Geothermal Explained Installation NY CT NJ PA |
Spread the GREEN
EcoGreenU Authors
-
Eco Green U
(22)
Solid Waste Management Facility Pleads Guilty to Illegal Dumping
(0 comments)
-
Mitch Gutu
(18)
Business Tax Incentives
(0 comments)
-
Charlotte Sorrentino
(3)
Green Gardening at Home—Repurposing
(0 comments)
-
Administrator
(1)
Elevated levels of radioactive material in rainwater have been expected
(0 comments)
Latest Tweets
- Loading...
Green Tip Of The Day
It takes 500,000 trees to produce the paper needed for Sunday's newspapers each week. But there's no need for eco-aware individuals to forgo the in-depth environmental reporting that can be found in newspapers. Reading mostly online is the obvious green alternative. If reading a real paper is your thing, consider reducing your subscription to a weekend or Sunday-only format. Don't forget to recycle when you're done — recycling every newspaper that gets printed would save 250 million trees per year.
US Business and Energy
|
White House Press Office
|
EPA News
|
Copyright © 2012 EcoGreenU. All Rights Reserved.
