Green Power All about the Green

From the Rio Grande - By Lou Mattei, SUN Assistant News Editor - More than six months of negotiations between the Jemez Mountains Electric Cooperative and Jemez Pueblo collapsed last week as the Co-op’s Board of Trustees rejected a final offer to purchase renewable power from a planned solar energy plant on the Pueblo. At the heart of the two sides’ inability to strike a deal was a dispute over the value of the Co-op’s expired and soon-to-expire easements through Pueblo land. The value of those easements was built into the Pueblo’s proposed price for the Co-op to purchase the solar energy.  Read more


Paul said...

Not only do "renewable" energy projects get an up-front 30% cash grant in lieu of the investment tax credit, the tax bill that was just passed also includes a 100% depreciation bonus on new equipment placed in service after September 8, 2010, through December 31, 2011, allowing businesses to depreciate the entire cost of the project (less ½ of the cash grant or investment tax credit) in the year that it is placed in service.

Let me rephrase that: the business gets to depreciate the value of one-half of the cash grant money THAT IT GOT FROM THE TAXPAYERS.


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