Stabenow Introduces Measure To Restore Tax Credits for Renewable Energy.


Senator Debbie Stabenow D-Michigan has introduced a measure to support her policy of ” Grow it Here, Make it Here” to advance Michigan’s bio-based manufacturing industry. The Senator is the author of the original 48C Advanced Energy Manufacturing Tax Credit, which expired in 2010. This was a 30 percent tax credit for companies that re-equip or build new facilities for clean energy product manufacturing. Her efforts are to restore that tax credit.

It also extends the Production Tax Credit for wind energy, which supports businesses and utilities that produce electricity from wind. In the U.S., there are more than a half a million jobs related to wind energy. In Michigan, there are 31 facilities manufacturing components for the wind energy industry and six more in the works. The PTC was set to expire at the end of 2012.

Stabenows ammendment would also extend the $1 per gallon biodiesel tax incentive. Biodiesel is produced in nearly every state in the country and last year supported more than 39,000 jobs and $3.8 billion in GDP, according to a recent study conducted by Cardno ENTRIX.

Senator Stabenow’s measure has been endorsed by the U.S. Chamber of Commerce.

Advertisements

2 thoughts on “Stabenow Introduces Measure To Restore Tax Credits for Renewable Energy.”

  1. Green Roofs or Solar Roofs ?Do you want to contribute to our earth but don’t know how? Global wnrimag and the urban heat island effect are making inroads into our homes. This is a serious issue, and we must also have a positive attitude toward mediating this situation.Suppose that you are not a boss of an enterprise; therefore, you are powerless to decide how to reduce air pollution nor recycle resources. Don’t be discouraged! You can still influence others and help preserve the earth by supporting the idea of green design. Green design is an internationalidea that has been discussed for many years, and was promoted in the 1992 Leaders Summit Meeting in Brazil. It is called ecological building in Japan and sustainable building in Europe. Home green design is an affordable way to save energy. Two methods of saving energy are the green roof and a roof covered by solar panels. Though each of these two methods have their own advantages and drawbacks regarding expense, working conditions, and function, green roofs are a more effective way to save energy.Expense is a very important thing taken into consideration when deciding between green roofs and solar panels. For a 100 sq foot roof, you need about $25,000 to install solar panels on your rooftop. The system works at least 25 years. However, maintenance of the solar panels will cost $1,000 per year, putting its worthiness into question. Its worthiness depends on your personal electricity usage. You would save a small amount of money if you are living with a big family, but a fact that should be taken into consideration is that the value of money between now and the future fluctuates. Otherwise, you still need to pay the upkeep of the system every year and the charge of basic power to keep it working. Green roofs are priced $1,500 for the same area without the need for maintenance. Then, all you need is a waterproof rooftop, a layer of soil, and a bag of seeds. The idea of Green Roof is much cheaper obviously and has lower maintenance costs than solar panels.An additional factor to consider are the working conditions of each method. Before you choose one of them, you need to consider the weather in your area. Solar panels, as the name hints, is a system that needs sunlight to function. Green roofs need adequate rain to support growth as well as sunlight. Comparing the two systems’ working requirements, solar panels need less than green roofs. Though solar panels still work on cloudy days, they will not maintain the same efficiency as they would on sunny days, though the amount of energy provided may be enough depending on your needs. Unfortunately, solar panels are not ideal for windy areas because they might be damaged by flying debris. Though the solar panels and green roofs are nearly equal in regards to working conditions, green roofs are slightly advantageous in that they are working 24 hours a day.Lastly, solar panels and green roofs have slightly differing functions. In theory, solar panels basically reduce your energy consumption. What would be powered with solar electricity are the things such as the refrigerator, the computers, the TVs and the airconditioning, etc. Sounds great, but solar panels efficiency averages only 20% to 40%. Solar panels absorb sunlight and convert its energy to a type of power we can use for electronics. The system loses much energy during theconversion process, and will not be able to power appliances unless sufficient amounts of sunlight is absorbed. On the other hand, green roofs filter rain and air pollutants in addition to keeping the house warmer in winter and cooler in summer. Sometimes it caneven provide a habitat for birds and some small animals.Choosing between solar panels and green roofs is a fascinating question. Though each system has its own benefits, green roofs are more advantageous to the average person. Solar panels are presently an underdeveloped technology especially concerning energy conversion and are more costly than green roofs. Protecting the environment is an important thing and we must work to solve the problems threatening it.I was going to add a few notes here and there, but the answer was too long. Try to make an original title, and not say I am going to because it’s obvious. Also, if I changed the meanings of some parts (some parts were ambiguous), feel free to ignore the change.Hope I helped.

    Like

  2. I have been doing some research on solar panel and wind ritbune systems. The pricing is crazy. For a 10Kw solar grid tie kit system is between $35,000 and $40,000. If you install batteries add $3,000-$5,000. 10Kw will only power a small to medium home without electric heat. Using my electric usage and info from my local electric company payback is 60 years for solar and 361 years for wind. This is unexceptionable. The manufactures of the solar and wind are gouging the consumers. They are using the excuse of supply and demand for the high cost. When demand goes up so will mass production and the price will go down. This is true, but they are making a huge profit on what they are making now. Some items are in the 3000% markup range. Are the power companies keeping the price up so their profits don’t suffer? My local electric supplier has an ENERGY PARK that you can go see solar and wind power in action and check out real time data online. They have a 4Kw solar array installed and claim it cost $30,378 installed and a 2.5Kw wind ritbune that cost about $20,000 installed. I think they are giving false numbers to consumers so you won’t go green. I was able to find a 3.5Kw kit online for $9,000. This doesn’t include any type of mounting materials. You can add $800-$1,200 for these materials. An installer will will charge you $2,000-$4,000 to install it. For the sake of argument lets say this will cost you $15,000 to install but still way out of line for you and me to install. That is a far cry from the $30,000 the power company claims. The power companies don’t want you to make your own electric. They are keeping the cost high so they will still make money off you. A 210w panel sells for around $600. They probably manufacture it for under $50. The cost needs to be $100-$150 to the consumer to make it affordable to the average home owner. 50 210w panels make a 10Kw system. That would be $5,000 not $40,000. The manufactures are raping us and the power companies are helping them to keep prices high. When will we get the technology at a proper cost? Let me know what you think.In response to the first 5 answers, Yes, if demand increases so will mass production and thus supply will increase and this will drive the price down. I looked into panels from China. From what I was able to find panels sell for $0.17-$0.45 per watt. In the U.S. they sell for $3.00-$5.00 per watt. Manufactures in the U.S. have lobbied for a higher tariff on solar products that makes them impractical to import on mass. These companies want to keep the price high so their profits stay high, and the power companies do not want you to produce all your own power. That would put them out of business.In response to Steve R, You need to do more research before you post another retarded comment like that. Air DOES have mass (just not very dense). When air is in motion it is called WIND . This motion creates energy. Have you ever heard of a tornado ? Get your facts together next time.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s