Posts Tagged ‘tax credit’

Austrailians Can Earn $10,000 A Year By Going Solar

Wednesday, January 6th, 2010

If you want to get people excited about something there are a few things people can say to create a buzz.  Tax credit, free, and get more money.  It just so happens that all three of these things are involved when talking about New South Wales Solar Bonus Scheme.  This goes to show how serious the people of New South Wales are about helping the environment.

The government will give you a free quote and pay you to have solar in your home.  If worked out correctly the solar panels and installation could be free, and they get to use the solar energy so it lowers bills.  The max size that qualifies for the tax credit is 10 kilowatts, which is much more than any one house will use. read more »

Bailout Includes Plug-in Hybrid Credits

Thursday, October 2nd, 2008

The original bailout was only 3 pages long, but the one passed last night and going to a final vote in the house is 451. In those pages are an incentive for plug-in hybrids like the Chevy Volt the upcoming plug-in Toyota Prius. The details of the tax credit are as follows.

The credit is a base $2,500 plus $417 for each kWh of battery pack capacity in excess of 4 kWh, to a maximum of $7,500 for light-duty vehicles; $10,000 for vehicles with gross vehicle weights of more than 10,000 but less than 14,000 pounds; $12,500 for vehicles with a GVW of more than 14,000 but less than 26,000 pounds; and $15,000 for any vehicle with a GVW of more than 26,000 pounds.

Vehicles like the Volt will get the maximum credit due to the 16-kWh battery pack. That’s not the only thing that makes GM happy. The minimum battery pack must have at least 4 kWh of capacity which means the current Prius is excluded from the tax credit.

via treehugger, greencarcongress