How Green Is Your Site's Energy?
Alternative energy is part of today's - and tomorrow's - location decision.
Mark Crawford (Apr/May 09)
(page 3 of 3)
AD: Are there business tax credits for using alternative energy?
There are a variety of tax credits and financial incentives available,
including corporate tax incentives, bond programs, grant programs,
green building incentives, loan programs, and sales and property tax
are emerging at both the federal and state level. Some federal benefits
have been in place for a couple of years and were renewed this year.
The West and Midwest states are ahead of the game on this versus the
Southeast and Northeast. Activity right now is all about how state and
regions can benefit from the federal stimulus package and funnel those
funds into projects in the renewables sector, including Treasury
assistance grants for what is reported to be up to 20 or 30 percent of
capital expenditure for qualified projects.
How will the Obama administration's position on green energy and green technology affect future location planning?
Many firms are asking that very question - how will electric suppliers
react? Can we get direct subsidies for being a green energy user? What
kind of penalties will be placed on carbon emissions and how will that
affect costs? In general, this is increasing the sensitivity toward the
criteria of "electric generation sources of utilities" by companies
true, but in site selection, it is all about risk-adjusted location
decision making and going back to the basics of margin and unit costs:
Where should I be and how quickly can I get into production or service
mode to be competitive and profitable? Nonetheless, any proposal that
demonstrates how alternative energy can improve a company's performance
and overall metrics will no doubt be considered. Solar energy, wind
energy, hydroelectric energy, tidal energy, biomass, nuclear power -
these alternative forms of energy are all great and necessary to reduce
our dependence on foreign oil and need to be environmentally conscious.