Cardinal Solar Technologies (ST) in Spring Green, Wis., a fully owned subsidiary of Cardinal Glass Industries, has been awarded a $7.7 million tax credit under President Obama’s stimulus plan to re-tool its Northfield, Minn., facility. The credit is available upon the facility’s progression from residential door and window coating operations to production of thin film coatings for use in the manufacturing of solar modules. (more…)
Archive for January, 2010
Cardinal Solar Technologies Awarded $7.7 Million Tax Credit
Tuesday, January 26th, 201039% growth in wind energy
Tuesday, January 26th, 2010Despite a crippling recession and tight credit markets, the American wind power industry grew at a rapid pace in 2009, adding 39 percent more capacity. The country is close to the point where 2 percent of its electricity will come from wind turbines. (more…)
Water Heater Energy Tax Credit
Tuesday, January 26th, 2010Tax credits may be taken advantage of through many types of house improvements, including environmentally friendly and highly efficient heating equipment such as the energy tax credit water heater. However, before you purchase one, make sure the heater you are planning to buy really qualifies for a tax credit. (more…)
Colorado Gov. Bill Ritter wants to speed up a plan to tax things such as candy and soda
Thursday, January 21st, 2010Colorado Gov. Bill Ritter wants to speed up a plan to tax things such as candy and soda, pesticides and industrial energy use to help balance the state budget.
In the fall, Ritter proposed suspending or eliminating 13 tax exemptions and credits starting in July to raise $132 million to help balance next year’s budget. In December, lawmakers learned that tax revenues were forecast to (more…)
Maryland Gov Announces Clean Energy Agenda to Promote Jobs, Sustainability
Thursday, January 21st, 2010Governor Martin O’Malley today released his 2010 Energy Agenda focused on increasing renewable energy production and tax credits for Maryland families and workforce. Just days after introducing his economic agenda to create jobs, fuel innovation, and drive economic progress during these tough economic times, Governor O’Malley’s energy package works to support Maryland’s economy by increasing clean energy and green jobs in Maryland. (more…)
Oxygen Machine Energy Tax Deduction
Thursday, January 21st, 2010The IRS, or Internal Revenue Service, and decisions of the court have recently expanded the description of the medical costs that can possibly be deducted from the personal income taxes and this includes the energy use for oxygen machine tax deduction.
Most taxpayers are aware of the basic medical tax deductions that can be taken after exceeding 7.5% of the adjusted gross income of the taxpayer. (more…)
Energy Star Window Tax Credit for 2009 and 2010
Thursday, January 21st, 2010If you have decided to buy energy efficient windows, then you may qualify for an energy star window tax credit for 2009 and 2010 for up to as much as $200. A tax credit is different from a tax deduction since a tax deduction only reduces the amount of the income subjected to tax.
Tax credit on the other hand is the reduction on the tax itself and may possibly increase the amount of the federal refund. That is why if you have plans of purchasing windows, you’d better purchase windows with the energy star seal to take advantage of the energy star window tax credit. (more…)
Energy Efficient Tax Break
Thursday, January 21st, 2010If you want your home to be more energy efficient and some help for the home improvements, then you have to be aware of the energy efficient tax break or the 2005 Energy Tax Incentives Act. This law provides a lifetime credit of as much as $500 against your federal income tax for the costs of making energy-saving home improvements after the 31st of December 2005 and before the 1st of January 2008.
Up to as much as $200 of tax efficient tax break may also be applied to energy-efficient windows. While for most this time has already passed, many people are delayed in filing their taxes due to their economic situation and this credit may still be available to them. (more…)
Schwarzenegger Unveils New Green Initiative for Spurring Clean Technology
Monday, January 18th, 2010Calif. Gov. Arnold Schwarzenegger has proposed to exempt green tech manufacturing equipment from sales tax as part of his California Jobs Initiative. This move is purported to spur the state’s clean technology growth.
Cobalt Biofuels, a developer of innovative technologies that enable the next generation of biofuels, has stated that they are building a new commercial (more…)
Living green gains tax breaks, saves cash
Monday, January 18th, 2010The average home owner in Gaston County pays $1,594 a year in energy costs, but could save almost $600 a year by becoming more energy efficient, according to the U.S. Department of Energy sponsored Home Energy Saver calculator. (more…)