Tax Breaks for Energy Efficient Homes

Environmental News Network

A renewable energy credit is any tax credit offered by governments as an incentive for the installation and operation of renewable energy systems like solar and wind power. The tax credit commonly applies to businesses and organizations, however, recognizing the economical as well as environmental benefits that could be reaped from “green” systems, some governments, particularly the U.S., offer tax breaks for home improvements that make homes more energy efficient.

Waste not want not: Sweden to give tax breaks for repairs

Green (Living) Review

by Michael Smith (Veshengro) The Swedish government attempts to tackle the “throwaway culture” by cutting VAT on fixing everything from bicycles to washing machines The Swedish government is introducing tax breaks on repairs to everything from bicycles to washing machines so it will no longer make sense to throw out old or broken items and buy new ones.

2016 102

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What Big Oil’s Tax Break Costs Our Classrooms

Sightline Daily

Big Oil companies in Washington get $41 million from an accidental tax loophole that was never designed to benefit them. It’s enough to make the tangible investments in public education that our teachers and students so desperately need. To learn more about it, check out this 2 minute video graphic: Don’t have 2 minutes? This graphic says it all: There is some good news though. It’s entirely possible to end Big Oil’s taxpayer subsidy and redirect that money to kids.

What Would Repealing an Accidental Tax Break Cost Oil Refineries?

Sightline Daily

Facing a Supreme Court order to fund public education , Governor Inslee and others have combed through the state tax code in search of outdated and perverse tax loopholes. Perhaps none of them is more bizarre than the “extracted fuel use tax exemption”—a purely accidental giveaway to oil refineries that costs the state $59 million each budget cycle. What Big Oil’s Tax Break Costs Our Classrooms. The Accidental Tax Loophole.

Drums keep pounding a rhythm to the brain

Environmental Economics

Boehner’s choice is the latest indication that any effort by Democrats to repeal oil industry tax breaks as part of the package would face major roadblocks. Upton and many other Republicans have consistently opposed efforts to overturn the tax breaks. And the beat goes on: House Speaker John Boehner (R-Ohio) said Wednesday he would appoint House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) to a “supercommittee” charged with developing a $1.5

2011 133

Holding my thumb and index finger about an inch apart

Environmental Economics

The Senate failed to get rid of tax breaks for oil companies: Energy-state Democrats criticized the initiative, saying it was misdirected and would do nothing to ease gasoline prices and could cost American jobs. Getting rid of the tax breaks could increase gas prices and could cost jobs.

2011 141

I see a pattern emerging

Environmental Economics

USA Today : From gas-mileage standards to tax breaks for windmills, public support for "green" energy measures to tackle global warming has dropped significantly in the past two years, particularly among Republicans, a new poll suggests. Majorities still favor most such tax breaks or restrictions on industry, finds the Stanford University poll to be released today. It shows 65% support gas-mileage standards and 73% support tax breaks for wind and solar power.

I couldn't decide whether this is a Quote of the Day or a Daily Demand and Supply, so I'll go with both

Environmental Economics

Quote of the Day: Harry Reid (D) on congressional calls to remove tax breaks from Big Oil. "Let's make one thing clear: wasteful subsidies have nothing to do with gas prices. These oil handouts have existed for decades. Prices have continued to rise," via Daily Demand and Supply: Removing subsidies will decrease supply and (are you ready for it?) increase prices

2011 116

See kids, economics is fun!

Environmental Economics

The business is growing fast, in part because of federal tax credits. Looking at the picture I drew in class yesterday, the tax breaks push the backstop fuel price down and hurries up the switch point: Don't you wish you could be in my class every single gosh dang day Happy Earth Day, one day late: Duke Energy aims to more than double the wind, solar and biomass energy in its portfolio by 2020, according to its 2012 sustainability report.

Daily Demand and Supply: A flawed argument for lower gas prices

Environmental Economics

The Senate yesterday launched a high-profile debate on a Democratic plan to block the nation’s five biggest oil companies from taking advantage of a suite of tax breaks. Menendez’s measure would repeal five tax incentives for the nation’s five biggest oil companies as a way to pay for renewable-energy tax credits used by wind and solar producers. In other words, removing tax breaks for Big Oil will increase, not decrease, gas prices.

2012 130

Grist: "This conservative economist makes the case for a carbon tax"

Environmental Economics

But though he calls himself a conservative — “I want limited government,” he explains — Mankiw advocates a carbon tax, a position notably at odds with all of the current GOP presidential candidates. He articulated his reasons in a recent New York Times op-ed, “The Key Role of Conservatives in Taxing Carbon.”. We called him up to get his perspective on the rift over climate change among Republicans, and his advice on how to sell a carbon tax to conservatives.

2015 155

Germany Investing Billions in Plug-in Electric Cars

Eco Auto Ninja

It’s expected that legislation will be signed this month that will get rid of the motor vehicle tax on plug-in electric vehicles for their first 10 years of being registered. It is also rumored that electric vehicles used for businesses would benefit from such substantial tax breaks that the cars would end up costing the same as a comparable gas-powered vehicle.

The Role of Business in Green Future 

Green Prophet

Tax breaks. From emission allowances to tax incentives, governmental policy changes provide several benefits to those going green. Some states already provide tax benefits for companies who can show prioritisation of nature over numbers. .


Environmental Economics

The Buffalo City Council provided the highest incentives, tax breaks, etc., (With advance apologies for a rant.). I was looking at some NCAA FBS football data last night and. has anyone noticed that SUNY-Buffalo changed their name to University at Buffalo ? Why didn't they just go with University@Buffalo? Very hip. As if we could have located "University" anywhere we wanted but we chose to locate at Buffalo.

2012 116

Yo! Tesla is coming to Israel

Green Prophet

Cars in Israel for prospective buyers of the new Tesla, you should know, come with a hefty import tax of 100% so expect it to be much more than a pretty penny when you try to buy one. Israeli law used to have a tax break for people who buy electric and hybrid cars.

2019 70

Budget response - Philip Simpson, Commercial Director, ReFood

Green (Living) Review

To compound this, there have been further tax breaks offered to the oil and gas industry, demonstrating ongoing subsidy support to the fossil fuel sector. by Michael Smith (Veshengro) Philip Simpson, Commercial Director, ReFood, said on Wednesday, March 16, 2016 in response to the announcements in the UK 2016 Budget by Chancellor George Osborne: “Today’s Budget is another signal that the environment and renewable energy is far from the top of this government’s agenda.

2016 101

Hundreds of protesters called for an end to fossil fuel subsidies

Green Blog

Yesterday hundreds of demonstrators dressed in referee uniforms called the US Congress to end the huge tax breaks and other subsidies to Big Oil and the fossil fuel industry. "We've got to end all of the tax breaks for the oil companies and coal companies and I'm going to introduce legislation to do just that," Sanders promised the demonstrators. "Ending

Enjoy it while it lasts?

Environmental Economics

  That's why people move to Florida and Arizona during the winter (that and tax breaks, but let's stick with the weather for now).  In evaluating benefits and costs, preferences matter.    For the most part, people like milder weather.    As temperatures increase, people get more of what they like: longer milder weather. So people may actually benefit from warmer temperatures. 

2016 109

Hundreds of protesters at Capitol Hill called for an end to fossil fuel subsidie…

Green Blog

Yesterday hundreds of demonstrators dressed in referee uniforms called the US Congress to end the huge tax breaks and other subsidies to Big Oil and the fossil fuel industry. Sanders' legislation will end those tax breaks and tens of billions of dollars in other special subsidies for the fossil fuel industry. Meanwhile, in recent years, some of the very largest oil companies in America like Exxon Mobil and Chevron, paid absolutely nothing in federal income taxes.

Increase the gas tax

Environmental Economics

Greg Mankiw discusses "four keys to a better tax system" that includes an increase in the gas tax: A good rule of thumb is that when you tax something, you get less of it. That means that taxes on hard work, saving and entrepreneurial risk-taking impede these fundamental drivers of economic growth. The alternative is to tax those things we would like to get less of. Consider the tax on gasoline. or has the optimal gas tax rate changed ? *My

2012 133

Keeping energy production local and mutualised: Jon Hallé of Sharenergy, Part 2

Low Impact

That’s whose lobbyists their listening to, and where the tax breaks are going. This is the second part of an interview with Jon Halle of Sharenergy, about the prospects for keeping energy production local and mutualised.

Local 84

Two-thirds of Britons favour wind power over fracking

Green (Living) Review

In contrast, the party had already unveiled fracking tax breaks. A new survey has revealed that almost two-thirds of Britons would choose to live near a wind farm over a fracking site. The findings have led to the government being accused of ignoring public opinion The YouGov poll, commissioned by renewable energy firm Ecotricity, found that 62% of participants – if forced to choose – would prefer to have a wind farm in their local council area.

Surprise: Congress ignores the obvious

Environmental Economics

The Federal Highway Trust Fund will live on for another 6 months or so: In April, Mr. Obama sent Congress a proposed transportation program that would spend $302 billion over four years, financed both by traditional gasoline taxes and the elimination of some corporate tax breaks. Murphy, Democrat of Connecticut, also proposed an increase in the gas tax to make up for more efficient cars and trucks that have sapped tax revenues as infrastructure needs have soared.

2014 168

When Will the Coal, Oil, Gas, and Nuclear Industries Stand On Their.

Sierra Club Compass

The American Wind Energy Association released an analysis on Wednesday , detailing how the wind industry could phase out reliance on federal tax credits over a six-year time period. Ed Markey to President Obama and Speaker Boehner says that ending special tax treatments and loopholes for oil and gas companies would generate more than $50 billion for the country over the next ten years. 7) NGVs can empower consumers to break the Oil Oligopoly. Compass.

Electric Vehicles Bring City of Seattle And Nissan Together

Eco Friendly Daily

This news follows on the heels of the Washington State Legislature passing a bill to provide tax breaks for electric charging stations and electric car batteries. In addition to the tax breaks, the bill will also require the state to install charging stations in the state’s parking and maintenance facilities by the year 2015. Nissan and the city of Seattle recently announced the plans to develop an electric vehicle charging network in the Seattle area.


Environmental Economics

I like beer and low taxes as much as the next guy (and it is Friday), but I'm very confused by this article (and another) in the N&O: [ Congressman Brad ] Miller is a co-sponsor of legislation in the U.S. House, dubbed the Small BREW Act, which would cut the excise taxes small breweries pay from $7 to $3.50 If you ask the brewers, the tax break is a no-brainer: It means jobs and capital expansion.

2012 116

What he said

Environmental Economics

Phil Miller: From the New York Times comes a story describing the end of the ethanol tax credit in the US. The tax break, created more than 30 years ago, had long seemed untouchable. But in the last year, during which Congress was preoccupied with deficits and debt, it became a symbol of corporate welfare. Fiscal conservatives joined liberal environmentalists to kill it, with help from a diverse coalition of outside groups.

Even polling from the Koch-backed group finds support for clean energy

Sierra Club Compass

But two of their primary conclusions -- that “many Americans are skeptical of [the] EPA’s proposed power plant rule” and “voters are pretty skeptical of all facets of the wind production tax credits” – are inconsistent with nearly every other national poll I’ve seen recently. And a USA Today poll released in December found 73 percent of Americans favored extending tax reductions for wind companies and other sources of renewable energy.

2014 71

10 New Money Saving Eco-Tips

Green Home Blog

Donate Clothing and Get a Tax Break. Ask for an assumed value receipt and deduct it from your taxes. 10 New Money Saving Eco-Tips. Practicing such habits as recycling, re-using, responsible consumerism and more are all ways to keep costs down and eco-healing up. The hardest part of a green lifestyle is not caving to the incessant, flashy, often hypnotic tactics advertising company’s use to get you to purchase a new product you do not need.

2013 133

Austerity a cover for class war against the poor

Green (Living) Review

by Michael Smith (Veshengro) Austerity is being used as a cover-story for class war against the poor Austerity and deficit reduction are being used as a cover-story for conducting class war against the poor as simultaneous reductions in taxes on the wealthy and cuts to spending on social security amount to a redistribution of wealth away from the poor to the rich. Corporation tax has also been dramatically reduced, while VAT, a flat tax, has gone up.

2016 106

Legislature Takes On Big Oil’s Accidental Tax Loophole

Sightline Daily

Washington state representative Reuven Carlyle introduced a bill (HB 2465) yesterday that would close big oil’s tax loophole and redirect the money to public education. Properly referred to as the “extracted fuel use tax exemption,” the loophole—an outdated accident from decades ago—confers a $41 million benefit to oil refineries each budget cycle. When it was created in 1949, the tax break was intended to benefit sawmills.

2014 62

Carbon tax vs cap-and-trade (again)

Environmental Economics

@aguanomics why are carbon taxes more viable worldwide? should push for carbon taxes instead of cap and trade. In response, John Whitehead (a busy environmental economist and blogger) said "why taxes?" In terms of addressing climate change I think that a carbon tax and cap-and-trade are 1a and 1b policies. A long time ago I did the principles level analysis of carbon tax vs cap-and-trade and found that there is little to distinguish the two.

2015 160

A Clear Climate Choice in Massachusetts

Sierra Club Compass

He fought for fuel efficiency standards, championed clean energy jobs, stood up to big polluters and their tax breaks, voted against the dirty and dangerous Keystone XL pipeline, and worked tirelessly to curb climate-disrupting carbon pollution. His name is on the bill to end tax subsidies for big oil companies.   On Tuesday, Massachusetts voters will go to the polls to choose a candidate to fill the U.S. Senate seat vacated by John Kerry.

Weekend Reading 2/7/14

Sightline Daily

That’s the amount of time that passed between when the Wall Street Journal tweeted the breaking new about Philip Seymour Hoffman’s death Sunday and the time they posted a verified story about it—and still, this is possibly before the actor’s own family was informed of the news. But it’s long enough to ask questions about what it means to responsibly, ethically break news.” Are young people different than salmon?

Why Green Home Improvements Have Become So Popular

Eco Friendly Daily

Tax Incentives – As if the above money-saving benefits weren’t enough, green home improvements could also result in a significant tax break. . The concept of renovating your home to improve aesthetic appeal, comfort, health, safety, and functionality, isn’t new.

2020 52

One million homes in Mid Atlantic can have access to solar power


Along with the expansion of government tax breaks and extension of incentives, the factors that encourage the use of solar power include, better financing options and lower technology cost. Pratima Kalra: Reasons for switching over to solar power are aplenty, especially for the Mid Atlantic states, where the sun’s power is available in abundance.

2012 59

DNC reverses pledge to end fossil fuel subsidies


The July 27 version of the Manager’s Mark included the statement, “Democrats support eliminating tax breaks and subsidies for fossil fuels, and will fight to defend and extend tax incentives for energy efficiency and clean energy.” The Democratic presidential and vice-presidential candidates were barely announced before the DNC removed campaign pledges to end fossil fuel subsidies.

Solar Snark

Environmental Economics

Economic issues across the nation are contributing to the early demise of solar incentives such as tax breaks, grants and rebates. He received a 30% tax credit from the federal government and a 10% cash rebate from the state. And the 30% federal tax credit program will conclude at the end of 2016. In Florida, Michael Hoffman, a taxation professor, hoped that between the federal tax credit and the state rebate, he'd be able to better afford a solar energy system.

Solar 126

Even polling from Koch-backed group finds support for clean energy

Sierra Club Compass

But two of their primary conclusions -- that “many Americans are skeptical of [the] EPA’s proposed power plant rule” and “voters are pretty skeptical of all facets of the wind production tax credits” – are inconsistent with nearly every other national poll I’ve seen recently. And a USA Today poll released in December found 73 percent of Americans favored extending tax reductions for wind companies and other sources of renewable energy.

2014 40

The New Oregon Carbon Tax Report is Out

Sightline Daily

Last year, Portland State University (PSU) gave the Oregon legislature a teaser about how to face those problems with a carbon tax. NERC modeled carbon taxes ranging from $10 to $150 per ton of greenhouse gas pollution. The tax would apply to pollution from burning fossil fuels , such as coal, petroleum, and natural gas. It would tax pollution from coal burned outside the state to generate electricity used by Oregonians. How much carbon pollution can a carbon tax cut?

Three Things to Know About CarbonWA’s Revenue-Neutral Carbon Tax

Sightline Daily

CarbonWA’s Initiative 732 is modeled after British Columbia’s successful carbon tax: it would tax pollution and use all the revenue to cut other state taxes. The CarbonWA tax would start at $15 per ton, rise to $25 per ton in year two, and then slowly and steadily increase by inflation plus 3.5 billion in annual revenue would: Reduce the state sales tax from 6.5 Eliminate the business and occupation (B&O) tax for manufacturers.

2015 66

Back on the Rails: Transit Benefits and the Fiscal Cliff - Compass

Sierra Club Compass

  While the centerpiece of the bill included extending tax breaks for most Americans and delaying broad spending cuts, there were many other tax provisions included in the final package. On the night of the vote, Sierra Club applauded the extension of two tax credits that will spur growth in wind energy. For years commuters have received bigger tax breaks for driving to work instead of taking public transit. Compass.

Planning Minister wants to relax planning laws in our National Parks

Green (Living) Review

Refurbishment does not carry the tax relief and tax break that does the building of new homes does for the developers. by Michael Smith (Veshengro) In his latest wheeze the Planning Minister – yes, him again – is now looking to relax the planning laws governing National Parks to force through the erection of broadband masts and equipment to enable the speedier roll out of the service.