Green Building Elements

Time is running out. No, that isn’t another car sell or a joke to keep GM in business but if you want to have your hand out to receive the $10,000 tax credit for purchasing a hopefully green new construction property (or even a condo in a dirty building) then you better do so soon.

That mammoth amount of cash that the state provided to steer buyers to the dormant new construction market has dwindled to only $12 million. May proved to be a boon for buyers taking advantage of the tax credit as buyers claimed approximately $30 million. The California Franchise Tax Board speculates that the $100 million fund will be “wiped out by August 2009 and the incentive will not be extended.” Read the rest of this entry »

Move — to Louisiana:

According to SolarPowerRocks! Louisiana has a state tax credit of 50% for solar roof installations, the most generous state subsidy for solar — Combined with the 30% Federal tax credit for solar that we all get now; (you knew about that, right?) so in Louisiana you can put a solar roof up, paying only 20% of the cost: (30% + 50% = 80% off).

The way this credit is designed it will benefit modest homeowners the most. If you need a $25,000 system, you get the full 50%. If you need a larger system you get less than 50%, because it maxes out at $12,500.

So, if you have ten plasma tvs and a pool pump and run the A/C day and night, you won’t get as much help with running all that…but

Read more at Cleantechnica…

If this had been announced before I wrote the Top 10 Dumbest Green Buildings on Earth, it would have easily taken the number one slot.

Yum! Brands has asked the United States Green Building Council to LEED-certify its Northampton, MA Taco Bell/Kentucky Fried Chicken location because the building includes rainwater collection, solar panels, LED lighting, and recycled building materials.

They neglect to mention in their press release that all food will still be packaged (regardless of whether patrons dine in or take out) and that they’ll still be serving lots and lots of factory-farmed meat — the number one known cause of global warming.

Read the rest of this entry »

Do you want to get paid for saving energy? If so, then you won’t want to miss this all important webinar that covers a host of incredibly useful information for home owners and builders. Organized by Treehugger Consulting, reserve your seat now as space is limited.

Reserve your Webinar seat now at:

https://www2.gotomeeting.com/register/861707592

Tree Hugger Consulting presents “Green Building Incentives 2009: Where and How to Get Them.” This webinar will cover tax credits and rebates available for energy saving building techniques and materials in the United States.  Where to find them, what to do to get them, and how to apply and receive them.

Both commercial and residential buildings will be covered.  Applicable projects include new construction, remodels, additions, and some building repairs.

Homeowners, building owners, designers, and contractors are all welcome to learn more about how to get paid for saving energy.

The webinar is scheduled for an hour and a half to allow plenty of time for questions.  The cost is $20.00.  After the registration form is complete, you will be directed to our secure PayPal site.  A confirmation email with the webinar details will be sent to you after payment is confirmed.  If you do not receive the confirmation email within two (2) business days, please send an email to treehuggerconsulting@comcast.net.

Title: Green Building Incentives 2009: Where and How to Get Them

Date: Thursday, March 19, 2009

Time: 8:00 AM - 9:30 AM PDT

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements

PC-based attendees
Required: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista

Macintosh®-based attendees
Required: Mac OS® X 10.4 (Tiger®) or newer

If you have any questions regarding the webinar, please contact Dawn Killough at treehuggerconsulting@comcast.net.

Treehugger Consulting’s Dawn Killough is a regular contributor to Green Building Elements. Click here for a complete list of her informative and interesting articles.

Click here to learn more about Treehugger Consulting.

In an effort to stabilize the housing market, Georgia Senator Johnny Isakson introduced S. 253, which seeks to expand the homebuyer tax credit passed by Congress last year.  Instead of offering a tax credit only for first time home buyers that must be repaid over a 15-year period, the expanded proposal includes tax credits for all purchasers that do not need to be repaid unless the home is sold within three years.  Included in the proposal are the following:

• Extending the eligibility period for the credit to December 31, 2009.
• Increasing the credit amount to 10 percent of the home price capped at 3.5 percent of FHA loan limits.
• “Monetizing” the credit so it is available at time of closing
• Allowing the credit to be used in conjunction with mortgages financed by state or local bonds.

Read the rest of this entry »

As was previously reported on Green Building Elements, Congress was contemplating how to include the continuation of energy efficiency tax credits in the “economic bailout.”  Well, they did it, and even managed to increase some of the incentives.

Here is a brief run-down of the credits available in 2009: Read the rest of this entry »

Can a bad economy save the planet?

Let’s be honest, construction companies and home builders are facing terrible times.  New building construction has ground to a halt and the subprime mortgage fiasco resulted in plummeting home values, leaving many builders with homes that were worth less than the cost of construction.   The longer the recession - some say through 2010, some say longer - the more companies will have to lay off employees or go under altogether.  There’s not much of a silver lining to this dark cloud, but one good thing looks to come out of it.  The green building market, which had been slowly increasing its share of the overall construction market prior to the market slowdown, is poised to provide a much needed spark in the construction market through a new public works program proposed by Barack Obama that will include a focus on energy efficiency in buildings.  With a national movement toward green building practices, there is a very real possibility that once the current recession is over, the majority of new commercial buildings and houses will be much more energy efficient, sustainable, and healthier than current building standards.

An Opportunity for Change

For those with long term vision, a market slowdown can be good for an industry.  It is an opportunity for a reevaluation of business practices.  When things are going well, there’s no incentive to change, even if those changes can mean greater energy efficiency and more of a focus on sustainability and health.  But a slowdown gives companies not only the time to research new innovations but the financial incentive to seek new revenue streams.  Consumer behavior is trending green, with 73% saying they would pay more for products that are better for the environment and 89% saying they’d pay more for products that will reduce heating and cooling costs, according to a survey done by the Opinion Research Corporation. Read the rest of this entry »

Cash, that most basic element of our economy, can be in abysmally short supply for new young families scraping by on marginal jobs.

Sustainable housebuilding may not be foremost in their minds.

But one young couple in Wales managing on an annual income of just $10,000 went ahead and built their own cheap home anyway, sustainably, mostly out of materials from “a rubbish pile somewhere.”
Read the rest of this entry »

It’s a Bright New Day for Home Solar

Hidden in the fine print of the massive Wall Street Bailout bill that was signed into law last week was a tax credit extension that had alternative energy companies, especially makers of home solar systems, dancing with joy. Instead of losing the federal tax credit at the end of the year, which seemed likely until Wall Street forced Congress to stay in session longer, consumers who install photovoltaic systems will now receive far greater tax savings than they currently enjoy. To put it bluntly, the federal government is willing to pay 30% of your cost to go solar. For a description of the roller-coaster ride that these tax credits have taken over the last few months, read my post from last week, Senate Bailout Plan Could be Boon for Alternative Energies, Home Solar.

Now that the bill has become law, it’s time to reassess the overall costs and return on investment for a home photovoltaic system. Because of their up-front expense, Photovoltaic systems are often viewed as a luxury for the wealthy. And with the down economy it is possible that even these impressive tax credits won’t cause a spike in the purchase of photovoltaic systems. Convincing someone to invest tens of thousands of dollars in something that may take a decade to pay itself off is a hard sell. Let the hard sell begin: Read the rest of this entry »

Lost in the economic and political circus of the recent weeks was the failure of congress to extend tax credits for alternative energy companies and homeowners who install solar-power systems. Both the Senate and the House wrote similar bills extending the tax credits and lifting the cap for residential solar-power installation. Until the end of this year, homeowners can receive a federal tax credit of 30% of the cost of a solar-power system, capped at $2,000. With that cap lifted, tax credits to homeowners installing solar-power systems increase dramatically, potentially saving homeowners over $10,000 on home solar systems. In addition, companies that produce electricity from wind will get a one year extension on tax credits, companies that produce electricity from solar will get an eight year extension on tax credits, and companies that produce electricity from other types of alternative energy will get a two year extension on tax credits.

Unfortunately, the Senate and House could not agree on how the continuation of tax credits would be paid for. In the past, such cuts were paid for by eliminating tax breaks for hedge fund managers and from tax increases on oil profits. With no progress made by the end of the session, these tax credits would disappear at the beginning of 2009. A coalition of renewable energy industry representatives warned that billions in research and hundreds of thousands of alternative energy jobs would be lost if the tax credits were not renewed. As of last week, this seemed the likely outcome. The Wall Street meltdown and the failure of the House to pass a bailout bill have given the tax credits new life. Read the rest of this entry »