The Big Picture, Energywise

By October 8, 2008Energy, Taxation

Three related items from this morning’s Washington Post:

  • State Agency Greenlights Power Line in Rural N.Va.“: “State regulators approved Dominion Virginia Power’s proposal yesterday to build a 65-mile transmission line through rural Northern Virginia, saying that the project is critical to delivering electricity to the power-hungry region and avoiding widespread blackouts.”
  • Land-Use Votes Put Music Hall On Track“: “The Montgomery County Council signed off yesterday on a pair of land-use measures designed to open one of Live Nation‘s Fillmore rock clubs on a vacant stretch of downtown Silver Spring by 2011.”
  • Editorial, “One Small Step –It wasn’t pretty, but Congress gave a needed boost to wind and solar energy”: “WE’RE NOT fond of the any-port-in-a-storm style of lawmaking in Congress. Bills that should pass on their own strengths are cluttered with measures of dubious merit that otherwise couldn’t get approved. And sometimes, worthy legislation that can’t be reconciled between the two houses is attached to bills that must pass. It is in this latter category of necessary evil that extension of the production tax credit became law on Friday as part of the $700 billion federal rescue plan.”

Two other thoughts:

In the first story, this is a delightful quote from an opponent of economic activity:

“I think I join with thousands of Virginians in being slightly outraged today,” said Chris Miller, president of the Piedmont Environmental Council. “Obviously, the law is broken if you get this kind of result, and we certainly are going to be raising some issues on appeal.”

Only slightly outraged? Slightly? We consider that progress from the usual outrage, OUTRAGE.

As for the Fillmore Silver Spring, we’ll be interested if the demand is there. There are many, many venues for live rock acts in the D.C. area. Suppose there’s a niche between the 9:30 Club and DAR Constitution Hall they’ll seek to fill, but it’s hard to see the kids going out to Silver Spring for a show. Probably more like the middle-age types with disposable income who, come to think of it, paid $56 to see Nick Cave on Sunday. Gosh, Nick and the Bad Seeds used a lot of coal-powered electricity. But it was well worth it. Great show.

Join the discussion One Comment

  • Don’t be so big a downer on the wind/solar tax breaks, these are going to have a great effect on the economy. That’s right, the economy. Home wind systems are not just about green energy and global warming. These units can pay for themselves completely in an average of 7 years with the electricity they generate. Then what? Then you have no electricity cost for the next 18 years or so. Take that to your bottom line. Got money? Use Electricity? Get a turbine man, do the math and stop complaining, and take the little tax credit too. Conrary to what people think, windmills need no tax incentive at all to be a smary money investment. See for yourself, do the numbers.

    I build home wind turbine systems for We just started shipping our newest rooftop wind turbine kits this week. Coincidentally, This week, Congress passed legislation, the Emergency Economic Stabilization Act of 2008, H.R. 1424, that includes a new federal-level investment tax credit to help consumers purchase small wind turbines for home, farm, or business use. President Bush is expected to sign the bill into law. Owners of small wind systems with 100 kilowatts (kW) of capacity and less can receive a credit for 30% of the total installed cost of the system, not to exceed $4,000. The credit will be available for equipment installed from the date the president signs the bill through December 31, 2016. For turbines used for homes, the credit is additionally limited to the lesser of $4,000 or $1,000 per kW of capacity. Wind/Solar Hybrid Home Kits

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