Tag: credits

Energy Tax Credits for Next Year

  • Tucked away in the bailout package were energy tax cuts for Americans (Source: Man-ucommons at Wikimedia Commons)

We’ve all heard about the 700-
billion dollar bail-out for Wall Street.
Getting a lot less attention was another
17-billion dollars for energy tax credits.
Lester Graham reports you can take advantage
of some of that money for your house:

Transcript

We’ve all heard about the 700-
billion dollar bail-out for Wall Street.
Getting a lot less attention was another
17-billion dollars for energy tax credits.
Lester Graham reports you can take advantage
of some of that money for your house:

Starting in January you can earn as much as $500 in tax credits for home
improvements that save energy. The credit will be taken right off the top of taxes you’ll
owe for 2009.


Ronnie Kweller is with the group Alliance to Save Energy. She says the credits can
cover a lot.


“Energy Star windows. It also includes lower-cost products like additional insulation,
sealing and caulking and weather-stripping – all those kind of things to tighten up your
home and make it energy efficient. As well as highly-efficient heating and cooling
equipment.”


Kweller says her group has details on the new consumer tax credits on its website:
ase.org.


Keep your receipts, and you’ll have to remember to file the right IRS form to take
advantage of the tax credits.


For The Environment Report, I’m Lester Graham.

Related Links

Pollution Credits as Stocking Stuffers

Here’s a last-minute gift idea for a green-thinking loved one. A New York-based environmental group will retire a pollution credit in someone’s honor. The Great Lakes Radio Consortium’s David Sommerstein explains:

Transcript

Here’s a last-minute gift idea for a green-thinking loved one. A New York-
based environmental group will retire a pollution credit in someone’s honor.
The Great Lakes Radio Consortium’s David Sommerstein explains:


The Environmental Protection Agency issues pollution credits to power
plants. Each one allows them to emit one ton of sulfur dioxide from their
smokestack.


Several years ago, one power company donated 10,000 of the credits to the
Adirondack Council. The group’s a non-profit working to reduce acid rain.
Instead of trading them on the open market, where they can fetch up to 800
dollars apiece, the Council decided to retire the credits. Spokesman John
Sheehan says for 50 bucks, the group will send someone a gift certificate.


“That certificate will show that that person has removed essentially one ton
of sulfur dioxide from the atmosphere permanently and that that pollution
will never go up a smokestack anywhere in the country, and it will help
clean up the Adirondacks and the rest of the United States at the same time.”


Sheehan says the Adirondack Council has about 3,000 credits left. His staff
will be around until Thursday to help people give the gift of cleaner air this
Christmas.


For the Great Lakes Radio Consortium, I’m David Sommerstein.

Related Links

Groups Say Bush Mercury Plan Could Hurt Tourism

Several environmental and sporting groups are criticizing the Bush administration’s plan to reduce mercury from power plants. They say it protects utilities at the expense of public health and the tourism industry. The Great Lakes Radio Consortium’s Stephanie Hemphill reports:

Transcript

Several environmental and sporting groups are criticizing the Bush administration’s plan
to reduce mercury from power plants. They say it protects utilities at the expense of
public health and the tourism industry. The Great Lakes Radio Consortium’s Stephanie
Hemphill reports:


The Bush plan calls for reducing mercury emissions from power plants by allowing
emissions trading – plants could buy and sell vouchers allowing mercury pollution.


Mercury is a concern because children who eat a lot of mercury-contaminated fish are at
risk of nerve damage and learning disabilities. Environmental groups say mercury should
be regulated more strictly, to protect people’s health.


They also say people might not fish as much because of concerns about mercury and they
suggest that might hurt tourism.


The Wisconsin Wildlife Federation’s George Meyer fishes with his teenage daughter.


“We actually reduce the amount of fish we catch and bring home because she and our
other children can’t eat as much fish because of these mercury health advisories.”


But the environmentalists concede they’re making a guess about mercury’s impact on
fishing and tourism. So far, in most states the number of fishing licenses issued has not
changed significantly.


For the Great Lakes Radio Consortium, I’m Stephanie Hemphill.

Related Links

Market-Based Approach for Water Pollution

The Environmental Protection Agency is looking at a market-based attempt to reduce water pollution. The Great Lakes Radio Consortium’s Jenny Lawton explains:

Transcript

The Environmental Protection Agency is looking at a market-based
attempt to reduce water
pollution. The Great Lakes Radio Consortium’s Jenny Lawton explains:


The EPA says a market-based approach to reducing water pollution would
save the government
billions of dollars in enforcement measures and result in cleaner
rivers and lakes.


It would work like this… companies that clean up wastewater beyond
the EPA standards would
get credits. Then those companies could sell their credits to
companies that cannot meet EPA
standards.


Some environmentalists worry that system will legitimize polluters, so
long as they can pay the
price.


But the EPA’s Tracy Mehan calls the trade a means to an end…


“And the end is the attainment of water quality standards. That is part
of the landscape under
the Clean Water Act already, or the watershed, if you will. In other
words, our policy does not
allow any trading that would exceed those water quality standards.”


But targeting water pollution is complicated. It can come from farm
fields or pesticides from your
neighbor’s lawn.


They’ll have to figure out how to measure that before a water pollution
credit market can be
established.


For the Great Lakes Radio Consortium, I’m Jenny Lawton.