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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:03 PM
Original message
30% tax credit to install solar water heating
30 percent uncapped tax credit for solar water heating property, small wind energy property and geothermal heat pumps.
Still digging.

http://obama-mamas.com/stimulus-tax-cuts.htm
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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:10 PM
Response to Original message
1. Did you crosspost in Energy and Environment forum?
This is great news!!!

Recommended!
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:12 PM
Response to Reply #1
2. When I get completely done
Edited on Sun Jan-25-09 08:12 PM by sandnsea
I will hopefully have health, education and energy info. I'm doing the tax cuts right now. There is an enormous amount of really good stuff in this stimulus. Terrible, terrible, roll out.
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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:21 PM
Response to Reply #2
5. Thanks so much!
Glad you kept your member name, BTW. :thumbsup:
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:25 PM
Response to Reply #5
8. I'd never change it
It's me.
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SwampG8r Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 12:13 PM
Response to Reply #5
22. i changed mine
so its easier to read
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:13 PM
Response to Original message
3. K & R!Thanks for posting!
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:19 PM
Response to Original message
4. doesn't go far enough
All these flat top commercial properties out west should be mandated to provide a minimum of 40% of the power they consume. Currently residential is leading commercial installations 4 to 1

This "All for Wall St" mentality has got to stop
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:25 PM
Response to Reply #4
7. This isn't an energy bill
and the portion to help homeowners has got zippo to do with Wall Street.

I haven't finished reading the bill, so maybe it does have power requirements to take some of these tax credits, I've got no idea. But I bet I know more about it than you do, because I bothered to read it. You could at least do that before you criticize it.
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Shiver Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 12:17 PM
Response to Reply #4
23. Seconding the suggestion that you read the bill
There is essentially NOTHING for Wall Street in the bill.
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Lucinda Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:23 PM
Response to Original message
6. That would rock. We're planning to build soon and I've been looking at alt energy options.
Edited on Sun Jan-25-09 09:23 PM by Lucinda
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:27 PM
Response to Reply #6
9. I think there's more
I'm still sorting. Check your state too, Oregon has more.

Scroll down a bit, I listed what I could find on State & Federal, this was before the new stimulus. This is my sil's company, fwiw.

http://www.briansneedconstruction.com/green-building.htm
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Lucinda Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 09:25 PM
Response to Reply #9
16. Thanks. There is some great info there! Appreciate it.
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:27 PM
Response to Original message
10. great news!!!! we'll be putting some in within the next couple years
:bounce:
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:30 PM
Response to Reply #10
11. This one ends in 2010
That's what makes it a stimulus. Most of them have caps, which is what makes this one really helpful and unique.
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Aloha Spirit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:42 PM
Response to Reply #11
12. Hey, here's where I'm reading about the recovery package. I can't believe Boehner was complaining
about relief for state healthcare budgets.

All the items under January 23rd.
http://finance.senate.gov/sitepages/legislation.htm
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:48 PM
Response to Reply #12
13. I wrote a post on health care
yesterday. I was waiting for Boehner or McConnell to hyperventilate about health care before posting it.

The health care portion has good stuff too, and I think the COBRA part is added in that tax cut figure. I need to check that out because I didn't add it to my tax cut page.


Obama Moves Deftly On Health Care

I think the folks at Heritage are getting a little nervous. I’ve never seen such a rapid makeover, Bush lovers last week, “Change We Believe In” this week. That's right, check out the banner on their web site, big as it can be..  Of course I don’t believe for a second that anything about the Heritage Foundation has, or ever will, change. They just use the old Republican trick of co-opting Democratic policy lingo, like detaching health insurance from employment. A closer look and you see that all their plan really does is leave you high and dry to pay your health insurance on your own. The new health insurance proposals in President Obama's stimulus package must have them quivering to go to such extremes. I mean really, President Obama has proposed extending Medicaid to the unemployed.

The Horror!

Don't you know what a catastrophe this would be, after all “workers overwhelmingly prefer private health insurance”. And there is no doubt Heritage wants to keep it that way based on the fear campaigns they have been running for the last 30 years. As someone who has received both Medicaid and employer sponsored health insurance, I am here to tell you Medicaid is ten times better.

No deductibles, minimal or no co-pays, a dollar or two per prescription, near 100% coverage. Health care that doesn’t leave you bankrupt, imagine it. And yes you will most likely keep the same doctor you have right now. Holy Cow! Of course the Republican front groups, like Heritage, don’t want you to know any of this.

The health care proposals in the stimulus package would grant Medicaid to those on unemployment whose family income is 200% of poverty, which is around $42,000 for a family of four. That is anywhere from 35% to 50% of families, depending on state and ethnicity. All these people aren’t unemployed, of course, but the ones who are unemployed and below the 200% income level, will finally have health care.

For those who had health insurance through their employers, the stimulus package will offer 65% subsidies to pay for COBRA health coverage. Once again, Heritage contorts itself by pointing out how expensive COBRA health insurance is, which of course is why it is wrong to subsidize it. Families on unemployment may choose not to carry this very expensive insurance, and that would be another horror!

So let me get this straight, we shouldn’t have Medicaid for the unemployed because workers prefer private insurance; but we also shouldn’t have subsidized private insurance because it will still be too expensive.

What is their solution? Well, believe it or not... private insurance. But not employer based private insurance, they propose you find some magical plan that exists in your state and doesn't care whether you have a pre-existing condition or not. And don't even ask these Heritage Experts to consider that any employer has already scoured the insurance companies for the best rates and policies. Unemployed workers won't find anything better. I don't know why they can't understand the obvious, insurance is expensive. It is just that simple.

The good news in here for you and me is that we are on our way to affordable health coverage for everyone. Between the new insurance options for families of the unemployed and the expansion of SCHIP, we will be well on our way to affordable health care for everyone. Of course, we will have to continue with President Obama and Secretary Daschle’s proposals in order to fully cover everyone, but the more people have coverage, the more they will want the peace of mind it brings.

Rounding out the health care proposals in the stimulus are moneys targeted at infrastructure, $5 billion for health care Research & Development, which is more than the total R&D Science Budget for 2008. Much of that money is designed to improve laboratories Another $20 billion would be dedicated to implementing Health Information Technology Systems, digitizing health care records across the country to reduce gaps in patient medical information.

While I believe that the best stimulus this country could have might well be to implement a full single payer health plan, and remove health costs from business altogether, I think these proposals are great ideas and we will need to be prepared to counter the nonsense that comes out of right wing stink tanks like the Heritage Foundation.
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rufus dog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:52 PM
Response to Original message
14. Thanks for the heads up
When I checked a couple of years ago the payback time was too long, about 15 years, and I plan on selling once the kids get through college. This should help make it cost effective, I will go check the CA offers to see if the state has anything more. By the way for those of you in most of CA, check your offers on sprinkler timers. My area has a rebate for timers that automatically (using gps) adjust times for rainy days so water isn't wasted. It covers the entire cost of the timer for me, will just take a couple hours to install and eliminate water waste. (or in my case, killing plants when I forget to turn the timer back on after a rainy spell.

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mopinko Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:56 PM
Response to Original message
15. my shovel is ready, sir.
i am itching to do a big remodeling project, and renewables are the center piece of the whole deal. just sort of hanging out (ok, and fighting with the stupid architect) and waiting to see what kind of deal is in the works.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 10:33 PM
Response to Reply #15
17. I think I got all the tax cuts and credits
That was my goal on this one. But there will also be grants and loans that will be distributed at the state level, so hopefully there will be something for everybody.
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Zorro Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 10:37 PM
Response to Reply #17
18. 30% federal tax credit on homeowner photovoltaic installations
That was passed late last year, removing the previous $2K cap.

That's $9K back for a typical $30K installation; couple that with state rebates, and solar panels look more and more viable.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 10:45 PM
Response to Reply #18
19. Right
The info in the OP is just about the tax credits in the stimulus because I don't think people know what they're hyperventilating over. This bill is about 90% excellent.

There are a lot of other credits that were previously passed, including the one you're talking about. I put those together for my sil a while back, to try to generate some construction ideas.

http://www.briansneedconstruction.com/green-building.htm
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 03:09 AM
Response to Original message
20. If you have the 70% to buy one, it's a good idea nt
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4lbs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 05:12 AM
Response to Original message
21. Back in the 1980s, my father had a solar water heater installed on the roof of his house.
He got a $4000 tax rebate on it, and the thing cost $4500 installed. So in essence, it cost just $500. It added 100 gallons of solar-heated hot water to the 100 gallons already in the traditional gas water heater. The water heated via solar was extremely hot, near boiling (~200 deg F), which is about the same as a traditional water heater set to high.

We used it for about 6 years, until the thing's container cracked and water spilled all over the roof and poured down. The cost estimate to fix it would have been $2400 since it required replacing the entire water container unit. $2000 for the unit + $400 for the labor.

It now just sits on the roof, unused and bypassed and my parents have been using only a traditional one since that incident.

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Shiver Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 12:22 PM
Response to Original message
24. Thanks again for going through all of this
I would have done it, but summarizing the tax stuff isn't something I'm especially good at, as previously mentioned. Rec'ed
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 12:24 PM
Response to Original message
25. An excellent start and this isn't even an energy bill.
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nichomachus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 02:33 PM
Response to Original message
26. I just signed the contracts to go solar
Between the state rebates and federal tax credit, it reduces the cost by about 50 percent. And our city will lend you the rest, payable over 20 years. It goes as a lien against your property and is paid with your tax bill. The beauty of that is that it doesn't affect your credit -- and it's transferable if you sell the property.

Even with paying off the city, I will spend less per month than I do now on electricity with Edison -- and it won't go up with future rate increases.

Installation is scheduled for April.

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