NVEnergy WindGenerations State Rebate

The WindGenerations Program offers one-time cash incentives for wind generating systems installed by NV Energy customers in Nevada. Qualified customers are eligible to receive the incentive upon completion of the project in compliance with utility standards and program requirements. Incentive Amounts Residential, small business, agriculture: $2.50 per watt up to 10 kW not to exceed 60% of eligible installed system cost. $1.50 per watt above 10 kW up to the program limit of 30kW Schools and Public Buildings: $3.00 per watt up to 10 kW not to exceed 60% of eligible installed system cost. $2.00 per watt above 10 kW up to the program limit of 30 kW Qualified Equipment: The Wind generator(s) must be listed on either the California Energy Commission (CEC) or New York State Energy and Research Development Authority (NYSERDA) lists of eligible wind generating equipment. ETC Green’s 1kW and 4kW wind turbines have been approved by the California Energy Commision and qualify for the NVEnergy Program direct rebate. Please refer to our wind turbine product pages for more...

Qualified Energy Conservation Bonds

The Qualified Energy Conservation Bond limitation has been increased to $3.2 billion from the $800 million authorized in the Emergency Economic Stabilization Act of 2008.  These bonds may be used by state, local, and tribal governments to finance certain types of energy projects through loans, grants, and other repayment mechanisms that implement green community programs. Energy Conservation Bonds may be used for capital expenditures to reduce energy use in public buildings by at least 20% and implement green community programs.   Benson, David, Greg Jenner, and Debra Frimerman. SHOW ME THE MONEY: The Law Of The Stimulus Package....

Clean Renewable Energy Bonds

Under the Clean Renewable Energy Bonds (“CREBs”) program, facilities that generate electricity from eligible renewable energy facilities, including wind energy, can take advantage of project-specific bonds issued by state, local, or tribal governments and electricity cooperatives.  ARRA increases the existing CREBs limitation, authorizing an additional $1.6 billion of new bonds.  Existing rules on how funds should be allocated under the CREBs program remain unchanged. Benson, David, Greg Jenner, and Debra Frimerman. SHOW ME THE MONEY: The Law Of The Stimulus Package....

Advanced Energy Facilities Investment Credit

ARRA creates a new 30% tax credit for investment in property used in a “qualified advanced energy manufacturing project,” i.e., a project which establishes, re-equips, or expands a manufacturing facility that produces products used in the production of energy from renewable sources, including wind.  The total amount value of credits available under the program is $2.3 billion.  Projects will be selected based on a reasonable expectation of commercial viability, innovation, job stimulation, and environmental benefits.  To receive the credit, projects must be certified by the Treasury Secretary in consultation with the Energy Secretary.  Credits will be awarded through an application process.  Treasury must announce requirements for the application by August 16.  Applicants have three years from the date of the award to place the project in service.   Benson, David, Greg Jenner, and Debra Frimerman. SHOW ME THE MONEY: The Law Of The Stimulus Package....

Extension of Bonus Depreciation to 2009

ARRA extends first-year bonus depreciation for qualifying equipment placed in service in 2009, allowing the project owner to recover the costs of capital expenditures faster than the regular depreciation schedule.  Under the bonus depreciation rule, an owner of qualifying property can write off 50% of the adjusted basis of the assets (such as turbines, towers, etc.) placed in service in 2009.  The remaining 50% of the adjusted basis of the property is depreciated over the regular tax depreciation schedule applicable to the property.   Benson, David, Greg Jenner, and Debra Frimerman. SHOW ME THE MONEY: The Law Of The Stimulus Package....

Small Wind Investment Tax Credit

ARRA repeals the dollar caps on the small wind ITC established by the Emergency Economic Stabilization Act of 2008, enabling eligible homeowners and businesses to claim a full 30% ITC for a qualifying small wind energy property.    Benson, David, Greg Jenner, and Debra Frimerman. SHOW ME THE MONEY: The Law Of The Stimulus Package. 2009. ...