"Small & Micro Wind" Power in the News
WPS PRWEB Press Release
Wind Power Systems™, LLC (WPS) Earth Friendly Patent Pending "Small Wind" Turbine Wind Power Systems™ (WPS) has developed an affordable alternative energy turbine for the
“Small & Micro Wind” market providing cost saving, sustainable, clean-tech energy independence.(PRWEB)
-- Wind Power Systems™ (WPS) has developed a Patent Pending, low cost, alternative energy vortex field vertical axis wind turbine (VFWT) for the commercial and residential “Small Wind” market.
The initial target markets are governmental. military, commercial and residential due to the general acceptance of the value proposition and immediate ROI.
The industrial, marine, municipal, and recreational markets will follow by a simple adjustment of the value proposition and ROI.
WPS has recently completed production of the third generation prototype and is currently in the product third - party validation stage. We have engaged a aerospace & mechanical engineers to perform a complete design review using computational fluid dynamics (CFD). CFD is a branch of fluid mechanics that uses numerical methods and algorithms to analyze fluid and wind flow.
Our Strategic Relationship agreement with the highly respected, publicly traded company, MasTec, gives WPS the logistical and organizational breadth to roll-out very quickly and on a national scale.
A ‘State of the Art’ local manufacturing facility, located in a low income Enterprise Zone has been identified to produce our clean – tech systems. The company will partner with us for future growth and product modifications based on industry acceptance and requirements. WGSM has produced both the first and second generation WPS prototypes.
The WPS commercial and residential systems are compact and light weight for rooftop or pole mounted installation and are inexpensive to produce, transport and install, thus eliminating many of the challenges of traditional turbines. The ease of shipping and simple unskilled assembly makes the systems ideal for export and mobile use.
Individual systems have a capability output of less than 200W up to 100kW at a given moment. The WPS wind turbine quietly converts the kinetic energy in the wind into electricity to be used in a facility’s electrical system.
The limited competition has been successful in representing their products in the rapidly emerging market, but they have only tapped the ‘tip of the iceberg’ and do not have WPS’s wind turbines capabilities or high efficiency rating.
Our value proposition is clear and concise; Quickly and efficiently return the customer’s investment, then help them generate profits with the added value of being ‘Green’ and energy independent in a Low Carbon Economy.
US Wind Energy Industry Sees 39% Growth in 2009
EIN PRESSWIRE
Despite a whirlwind recession, a gust of stimulus has expedited the growth of wind energy in the US, which saw a 39% growth in capacity in 2009.
According to a report to be released by the American Wind Energy Association, the country is now close to having 2% of its energy provided by wind turbines.
The group claims that the growth in wind power was boosted by last year's stimulus package, which extended tax credits for the industry. However, the group warns that the recession has impacted several manufacturers, which could delay the availability of turbines and other power generation equipment.
Read more about this story at Wind Energy Industry Today.
Feed-In Tariffs (FITs) –
What Are They and How Does It Work?
Feed-in Tariffs are based on the electricity generated by a renewable energy system, with the bonus being that any surplus energy can be sold back to the grid. This means you get paid more for the energy you don’t use than you pay for the energy you do use. This encourages not only greater energy efficiency, but also the installation of renewable energy sources for homes and businesses. So at times when you are not producing as much electricity as you are using, the shortfall is made up by importing energy from the grid. Any surplus energy that you generate is sold back to the grid.
Feed-in Tariffs guarantee that anyone generating electricity from a renewable energy source – homeowner, business or electric utility – can sell that electricity to the grid and receive long-term payments for each kilowatt-hour produced. Payments are set at pre-established rates, usually higher than what the market would ordinarily pay – to ensure that it generates a profitable return.
Although Feed-in Tariffs have been widely adopted in many countries throughout Europe, America has been slow to adopt this concept. However, as public support for renewable energy has increased, more governments are adopting FIT policies to complement other renewable energy developments already employed.
Last year saw several US states and Canadian provinces begin serious consideration of the FIT model. In the past, renewable energy projects have often struggled to gain the confidence of investors. The FIT system addresses this by ensuring that anyone with a sun-drenched roof or a windy backyard may receive finding for a set period of time – normally 15-20 years.
How Are Feed-In Tariffs Working In America?
Not all FITs are the same. The North American programs enacted to date often limit the level of economic incentive, the project size, and the renewable energy source, compared to large-scale programs carried out in Europe. Locations as disparate as the city of Gainesville, FL, the province of Ontario, Canada, and the state of Washington recently have adopted measures establishing guaranteed long-term prices for clean electricity. A dozen more states and many more communities are considering similar energy policy proposals. For Example, Gainesville residents with photovoltaic panels on their roofs will get 32 cents a kilowatt-hour when they produce energy. (By contrast, homeowners in Florida last October paid on average 12 cents a kilowatt hour for their electricity, according to Department of Energy statistics.
Advocates of FITs say that the system is simpler, more effective and less expensive than traditional US incentives for renewable energy – which are often a complicated mix of tax incentives, rebates, state mandates and utility programs.
Why Is The U.S. Slow To Implement FITs ?
It has been argued that the slow implementation of FITs is purely political. Some people argue that mandatory prices go against the economic culture in the states. Gainesville has implemented the system with two short contracts – one for connecting to the grid and the other contract is for the purchase agreement. The utility buys 100% of the power produced at a premium and finances the program through a monthly fee spread among all ratepayers - that comes out to about 74 cents per month.
Although the monthly rate increase isn’t massive, the utilities are using the threat of “soaring energy bills” to scare customers. As the payments are covered by ratepayers, they don’t hurt the utilities balance sheets. But the FIT does make it easier for anyone to make a profit generating renewable electricity. So in essence its asking utilities to help in their own demise. Most utilities make their money by building power plants and selling the electricity to customers. A FIT takes away the opportunity for the utility to earn on their investments.
Where's the next boom? Maybe in `cleantech'
Energy breakthroughs could be the next big thing, but how many jobs can they generate?
By Jordan Robertson, AP Technology Writer
October 6, 2009
Silicon Valley investors are pointing to something called cleantech -- alternative energy, more efficient power distribution and new ways to store electricity, all with minimal impact to the environment -- as a candidate for the next boom.
And while no two booms are exactly alike, some hallmarks are already showing up.
Despite last fall's financial meltdown, public and private investments are pouring in, fueling startups and reinvigorating established companies. The political and social climates are favorable. If it takes off, cleantech could seep into every part of the economy and our lives.
Some of the biggest booms first blossomed during recessions. The telephone and phonograph were developed during the depression of the 1870s. The integrated circuit, a milestone in electronics, was invented in the recessionary year of 1958. Personal computers went mainstream, spawning a huge industry, in the slumping early 1980s.
A year into the Great Recession, innovation isn't slowing. This time, it's better batteries, more efficient solar cells, smarter appliances and electric cars, not to mention all the infrastructure needed to support the new ways energy will be generated and the new ways we'll be using it.
Yet for all the benefits that might be spawned by cleantech breakthroughs, no one knows how many jobs might be created -- or how many old jobs might be cannibalized. It also remains to be seen whether Americans will clamor for any of its products.
Still, big bets are being placed. The Obama administration is pledging to invest $150 billion over the next decade on energy technology and says that could create 5 million jobs. This recession has wiped out 7.2 million.
And cleantech is on track to be the dominant force in venture capital investments over the next few years, supplanting biotechnology and software. Venture capitalists have poured $8.7 billion into energy-related startups in the U.S. since 2006.
That pales in comparison with the dot-com boom, when venture cash sometimes topped $10 billion in a single quarter. But the momentum surrounding clean energy is reminiscent of the Internet's early days. Among the similarities: Although big projects are still dominated by large companies, the scale of the challenges requires innovation by smaller firms that hope to be tomorrow's giants.
"Ultimately IBM and AT&T didn't build the Internet. It was built by Silicon Valley startups," says Bob Metcalfe, an Internet pioneer who now invests in energy projects with Polaris Venture Partners. "And energy is going to be solved by entrepreneurial activity."
The action is happening at companies like GreatPoint Energy in Cambridge, Mass., which has developed a technique for turning coal into natural gas more cheaply and efficiently than previous methods.
GreatPoint plans to break ground next year on a power plant in Houston that will cost $800 million and create thousands of construction jobs, says its CEO, Andrew Perlman. Dow Chemical Co. and energy giants AES Corp., Suncor Energy Inc. and Peabody Energy are all GreatPoint investors.
"The opportunities," Perlman says, "are staggering."
A123 Systems, a Watertown, Mass., maker of lithium-ion batteries for electric cars, had one of the most lucrative public stock offerings this year, raising $437.5 million. Its stock price jumped more than 50 percent on the first day of trading in September, with investors willing to overlook that the company has yet to make money.
The Obama administration's promises about cleantech funding have galvanized the industry, reassuring entrepreneurs that they will have paying customers. The administration has said it will focus on putting more hybrid cars on the road, boosting the amount of electricity from renewable sources and investing in ways to cut pollution from coal.
One target is "smart grids." As utilities install digital meters in homes and Americans buy appliances that can communicate with the electric system, individual power consumption can be monitored more closely. People could be cued to dial down appliances such as refrigerators and air conditioners when electricity is in highest demand. Such fine-tuning in millions of homes can reduce the need for new power plants.
At Tendril Networks Inc. of Boulder, Colo., which makes software that links utilities to smart-grid devices in homes, the staff has tripled over the past five months to 90. CEO Adrian Tuck says Tendril could grow even more if some of the $4.5 billion earmarked for smart grids in this year's federal stimulus goes to Tendril's clients.
"What we're about to see is every bit as big as the telecom revolution that gave birth to the Internet and cell phones," Tuck says. "It's going to create as many jobs and as much wealth for this country, if they get it right. Big, Google-sized companies are going to be born in this era, and we hope to be one of them."
The government's push for these developments parallels the expansion of railroads in the 19th century, when the government granted blocks of land to companies laying track, says Jack Brown, an associate professor in the University of Virginia's Department of Science, Technology and Society.
One difference, Brown points out, is that clean energy is such a vast field that government could make the wrong choice in backing one type of technology over another.
It's not just startups getting in the game. General Electric Co. plans to string transmission lines to deliver solar or wind power. Hewlett-Packard Co. is adapting techniques for printer cartridge chips so digital sensors can send data to smart grids.
But how much of an economic boost does all this add up to? It's hard to tell -- at least at this stage, without products people actually want to buy.
The laser, for instance, was a big innovation, but it wasn't clear at first what it could be used for. That's why there wasn't an economic boom in the 1960s from the advent of lasers, even though they ended up driving everything from medical devices to CD players for four decades.
Sung Won Sohn, an economics professor at California State University, Channel Islands, believes upgrading electric grids and finding new sources of power will provide steady job growth -- but won't be an economic powder keg.
Clean energy projects could simply replace old jobs and functions, like meter-readers. And there's no guarantee new jobs won't shift to countries with cheaper labor.
Some innovations take longer to reveal their economic effects. There are big booms based on specific innovations -- along the lines of railroads, automobiles and the Internet -- and then there are technologies that grow slowly, spawning offshoot industries for entrepreneurs to exploit over decades.
For example, the emergence of the integrated circuit led to the development of computer microprocessors, which enabled the PC revolution and in turn the Internet age. There's every reason to believe energy technology will fall into the same category, Brown says, but he adds: "It depends on how the bets actually play out."
Zogby Poll: Majority Favors Clean Energy Bill and Wants Senate to Take Action
Survey finds likely voters connect reducing global warming and promoting clean energy to new American jobs
Released: August 11, 2009
UTICA, New York - A majority of likely voters - 71% - favors the American Clean Energy and Security Act recently passed by the House of Representatives, and two-thirds (67%) believe Congress is either doing the right amount (22%) or should be doing more (45%) to address global warming, new Zogby International telephone poll shows. Just 28% believe that Congress is doing too much.
Respondents were read the following statement regarding the American Clean Energy and Security Act:
"The House of Representatives recently passed the American Clean Energy and Security Act, which would require electric power companies to generate 20 percent of their power from clean, renewable energy sources, such as wind and solar, by the year 2020. Also included is a global warming plan which would reduce greenhouse gases from sources like power plants and factories by 17 percent, and an energy efficiency plan which includes new appliance standards and building codes to conserve energy."
Favorable views for the bill were high among all age and income groups and even among Republicans, with 45% having a favorable view of the bill. Seventy-three percent of Independents and 89% of Democrats also took a favorable view of the American Clean Energy and Security Act.
The survey finds that two-thirds (68%) of likely voters believe a new American energy policy will not result in job losses, with a majority believing such efforts could instead bring about job growth. Respondents were asked how "efforts to reduce global warming and promote clean energy" will impact American jobs, and more than half (51%) believe this would lead to new job creation, while another 17% believe these efforts will not affect American jobs.
"Clearly, voters strongly favor the ideas outlined in the bill. Support for action on clean energy and energy efficiency was strong coming out of the election, and it is still strong today. Even when presented with the concerns some have raised about the potential costs associated with this legislation, most likely voters still want the Senate to act quickly to bring about a new energy plan for America," said Zogby International Research Analyst Sam Rodgers.
The Zogby International telephone survey of 1,005 likely voters was commissioned by the National Wildlife Federation and was conducted from July 31-August 4, 2009. The survey carries a margin of error of +/-3.2%.
The survey also shows 47% of likely voters would take a favorable view of their Congressperson if he or she voted in favor of the bill, while another 21% said it would make no difference in their opinion. Far fewer - 29% -- said they would view their Congressperson unfavorably if he or she voted in support of the bill.
Regarding Congressional action on global warming, a small majority of Republicans (54%) say Congress is doing too much, but a total of 42% say it should do more or is doing the right amount. Only 26% of political independents say Congress is doing too much, while two-thirds of Democrats (65%) want more Congressional action. More than 40% of every age group also wants more from Congress when it comes to taking action to combat global warming.
"Most voters would view their member of Congress more favorably or would not have their opinion impacted either way by a "yes" vote," said Rodgers. "This survey shows clear movement in favor of Congress taking greater action on global warming and most Americans believe this legislation would give a much-need boost to the American job market in this down economy."
For content, contact: Miles Grant, National Wildlife Federation Communications Manager, 202-797-6855 (w), 703-864-9599 (cell) or grantm@nwf.org
For methodology, contact: Stephanie DeVries, Corporate Communications and Research, Zogby International, 315-624-0200 ext. 273 or steph@zogby.com.
Small Wind Power Systems Worldwide "Unchecked Growth"
Excerpts from a column by Sanjaya Kannath, (MBA, The University of Sheffield, U.K) Consultant, Ethical Governance July 17, 2009
Despite a global recession and a strained credit market the sector received more than $1.8 billion (nearly half) of all venture funding for clean technology companies in 2008.
Ten percent of all venture capital is invested in the clean technology sector.
Growth will be not just in sales, but in the number of manufacturers, dealers, installers, supply chain members and industry advocates, "Even amidst the downturn, economies of scale are beginning to take shape in the industry and growth projections.
The market for small wind turbines has been relatively strong throughout the global recession and credit crisis, worth $156 million.
There was a 53 percent growth in small wind turbines capacity last year, with the installation of 19,000 units (38.7 megawatts).
The United States holds about half of the global market for small wind capacity.
Globally, over the next five years, the total installed capacity of small wind turbines is projected to be around 1,700 megawatts, a 30-fold increase from 2008.
Sales of turbines smaller than 100 kilowatts increased by 14 percent to 10,500 units.
Small wind turbine industry sales by total power generation increased by 78 percent in 2008.
Market for Small Wind Turbines Grows at a Robust Clip.
Investments in Renewables will surely Spur Business Growth and create more Green Jobs worldwide.
It is a world of “rampant opportunities,” and I think we will see literally unchecked growth.
The Wind Energy Industry
Of Pickens, Babies & Bathwater
By Nick Hodge July 14, 2009
I've heard all kinds of remarks since T. Boone put the brakes on one of the world's largest planned wind farms last week.Hardly any of them have been good, most of them are even using this to signal the death of renewables.
The death of renewables? Phooey.
This is the death of T. Boone's grandiose wind plans. Nothing more. He's still in the wind business per his own admission. He's still going to employ the $2 billion worth of GE wind turbines he's already purchased. He's just not using them all at one giant wind farm, mostly due to Texas' lagging in building out transmission.
Here's some data the media and the uninformed seem to be forgetting about.
First of all, let us not forget that the turbines for Pickens's giant 4,000 MW wind farm weren't even scheduled to be delivered until 2011.
Let us also not forget that even though the large farm is being canceled (or delayed), Pickens is still going to use the 687 turbines he's already purchased by building "three or four smaller wind farms, at a cost of some $2 billion."
Lastly, let us not forget that we're in the middle of a capital calamity. Bear Stearns is gone. Merrill is gone. Chrysler is gone. So are countless other businesses, brands, pensions, and plans. Is it that shocking that renewable energy plans are slowing as well?
Renewable energy is a lot of great things, but it's not recession-proof.
Was this bad press a psychological blow for cleantech? Absolutely.
Is it the end of the industry and its profit potential? Absolutely not.
In reality, this is simply Boone being Boone, pursuing business as usual. The recession put a bump in his road, and he's nimbly navigating around it. According to the billionaire, "We're going to be active in the business.
It's not that we've gotten out of the business or anything like that." And according to the spokesperson for his BP Capital Management firm, "Boone still remains committed and focused on developing wind energy in the United States. The timing is not as aggressive as he originally outlined because of the collapse of the capital markets and because of the steep downturn of natural gas prices."
So, I have two questions:
Is there a major industry that hasn't been stymied by the drying up of easy capital?
How does adapting to the current business environment signal the end of an industry?
Let's just take this for what it is, fallout from the recession.
And by all means, let's not through the wind baby out with Pickens's bathwater.
Wind Blowing Strong
Indeed, it seems the Pickens event was enough to give naysayers a few last breaths in recent days.
I've even heard it put as bluntly as "Nobody gives a fu** about the climate right now."
I'll let the G8 comment on that. Just last week those leaders agreed "to limit global warming to 2 degrees Celsius and cut its greenhouse gas emissions by 80 percent."
Oh, and the House just passed massive climate legislation as well.
And while I'll concede that climate change has taken a partial backseat to economic turmoil, the energy problem certainly hasn't.
It's often overlooked that we're pursuing, investing in, and trying to expand renewable energy — not renewable climate change mitigation techniques.
That said, wind energy is actually looking quite strong.
Perfect Storm for Wind Energy
Green Chip Review By Nick Hodge | Tuesday, July 7th, 2009
You should absolutely love wind energy.
If you live in the U.S., you should love it even more.
Worldwide installed wind capacity is expected to grow 63% by 2012, from 144,486 MW to 235,120 MW, but in the U.S., it's expected to grow 124% — nearly double the expected global growth — from just under 32,000 MW to nearly 72,000 MW. . . in just three short years.
By 2020, wind capacity in the United States will have grown 360%, all the way up to 147,500 MW.At that point, the U.S. will account for at least a quarter of global wind capacity.
Wind Energy Stocks:The Timing Couldn't Be Better. . .
Green Chip Review July 3rd, 2009
Global installed wind capacity will grow 104% in the next five years.
By 2014, 125,000 megawatts worth of new wind turbines will be installed. That's on top of the 114,000 megawatts already in operation.
At an average cost of $1.76 million per megawatt, you're looking at a $219.9 billion wind market-in just the next five years.
Wind companies stand to make a fortune. And so do the savvy investors that take an early stake.
30% Tax Credit for Home Wind Power Systems
J. Scott Orr Parade Magazine - June 28, 2009
The market for small wind turbines that can generate enough juice to power a home, farm, or small business grew by 78% in 2008, according to the American Wind Energy Association (AWEA). A new 30% tax credit in the federal economic-stimulus bill, combined with state and local incentives, is likely to further expand the already booming market.
Americans installed about 10,500 small turbines last year - about half the world’s total - at a cost of $77 million, and the AWEA expects a 30-fold increase in the next five years. A typical home windmill is used in conjunction with electricity from local utilities. When wind is light, electricity comes from the utility company; when high winds blow, excess power may be sent back to the grid.
Ron Stimmel of the AWEA estimates that about 13 million U.S. homes could sustain small windmills, which range in size from 30 to 140 feet. If you’re thinking of setting up your own, you’ll need a big down payment and some patience -* the systems cost about $40,000 to install and take five to 15 years to pay for themselves. Zoning restrictions and objections from neighbors also pose obstacles. Says Stimmel: “There’s a lot of outreach going on to help cultivate public acceptance of having an unusual thing like a turbine in your backyard.”
* WPS is @50% of the projected cost quoted above and has a rapid ROI. Patent Pending Power Focused Technology, compact size, and light weight of WPS also addresses/negates many potential zoning & neighbor concerns.
American Clean Energy and Security Act of 2009 Passes House ...
Seen as Strong Boost for Future of Wind Power
U.S. House of Representatives - June 26, 2009
Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to establish a combined efficiency and renewable electricity standard that requires utilities to supply an increasing percentage of their demand from a combination of energy efficiency savings and renewable energy (6% in 2012, 9.5% in 2014, 13% in 2016, 16.5% in 2018, and 20% in 2021-2039). Provides for: (1) issuing, trading, banking, retiring, and verifying renewable electricity credits; and (2) prescribing standards to define and measure electricity savings from energy efficiency and energy conservation measures.
Amends the Clean Air Act (CAA) to require the Administrator of the Environmental Protection Agency (EPA) to: (1) set forth a national strategy to address barriers to the commercial-scale deployment of carbon capture and sequestration; (2) establish an approach to certify and permit geologic sequestration; and (3) promulgate regulations to minimize the risk of escape to the atmosphere of carbon dioxide injected for purposes of geological sequestration. Amends the Safe Drinking Water Act to require the Administrator to promulgate regulations for sequestration wells.
Sets forth: (1) a process to establish a Carbon Storage Research Corporation to collect assessments from distribution utilities of fossil fuel-based electricity delivered directly to consumers; and (2) performance standards for new coal-fired power plants.
Amends PURPA to provide for the development of electric vehicle infrastructure. Requires the Secretary of Energy (Secretary) to establish: (1) a large-scale vehicle electrification program; and (2) a program to provide financial assistance for the manufacture of plug-in electric drive vehicles. Requires the Administrator to establish a program under which a state may create a State Energy and Environment Development Account.
Sets forth provisions concerning the development of a smart grid, including provisions: (1) amending the Energy Policy and Conservation Act to provide for the inclusion of smart grid capability information on appliance energy guide labels; (2) requiring the Federal Energy Regulatory Commission (FERC) to support load-serving entities in developing their peak demand reduction goals; (3) amending the Energy Policy Act of 2005 to reauthorize the energy efficiency public information program and to include smart grid information in it; and (4) reauthorizing the energy efficient and smart appliance rebate program and revising it to include smart-grid features.
Amends the Federal Power Act to require FERC to adopt electricity grid planning principles derived from a federal policy (established by this Act) on electric grid planning that facilitates the deployment of renewable and other zero-carbon energy sources for generating electricity to reduce greenhouse gases (GHGs) while ensuring reliability, reducing congestion, ensuring cyber-security, and providing for cost-effective electricity services.
Amends the Energy Policy and Conservation Act to revise: (1) rules regarding improving energy efficiency in industrial equipment; (2) efficiency standards for electric motors; (3) conservation standards for lighting and appliances; and (4) the Energy Conservation Program for Consumer Products Other Than Automobiles.
Requires the Secretary to establish Clean Energy Innovation Centers to promote commercial deployment of clean, indigenous energy alternatives to fossil fuels, to reduce GHG emissions, and to ensure that the United States maintains a lead in developing and deploying state-of-the-art energy technologies.
Amends the Energy Conservation and Production Act to revise energy conservation standards for new buildings. Requires the Administrator to establish: (1) standards for a national energy and environmental building retrofit policy for residences; and (2) a building energy performance labeling program. Establishes a rebate program to assist low-income households residing in pre-1976 manufactured homes in purchasing new Energy Star qualified manufactured homes.
Requires the Secretary to establish a Best-in-Class Appliances Deployment Program.
Requires the President to use statutory authorities to set motor vehicle emissions standards. Amends the CAA to require the Administrator to promulgate standards applicable to GHG emissions from specified mobile sources, including heavy-duty vehicles and engines, new marine vessels, locomotives, and aircraft. Establishes within EPA a SmartWay Transport Program, a SmartWay Transport Partnership program, and a SmartWay Financing Program.
Requires the Secretary to establish a program to make monetary awards to encourage owners and operators of electric energy generation facilities or thermal energy production facilities using fossil or nuclear fuel to use innovative means of recovering any thermal energy that is a potentially useful byproduct of their processes to: (1) generate additional electric energy; or (2) make sales of thermal energy not used for electric generation, in the form of steam, hot water, chilled water, or desiccant regeneration, or for other commercially valid purposes.
Authorizes the Secretary to make grants to community development organizations to provide financing to businesses and projects that improve energy efficiency, develop alternative, renewable, and distributed energy supplies, provide technical assistance and promote job and business opportunities for low-income residents, and increase energy conservation in low income rural and urban communities.
American Recovery and Re-investment Act (2009 Stimulus Package) expands small wind tax credits for homeowners and businesses.
Wind Power Systems turbines eligible for 30% tax credit
On February 17, 2009 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With a significant emphasis on renewable energy technology deployment and job expansion, the bill improved upon the 2008 tax credit, by removing “cost caps.” This change allows consumers and small businesses to take a 30% tax credit off the installed cost of a Wind Power Systems (WPS) turbine. To a consumer or business purchasing a single residential wind turbine, it will double their credit. Additionally, businesses will also have the option of receiving their credit in the form of a cash grant. Speak with your accountant for more details.
Q: What does the stimulus package mean to me?
A: The entire cost of a WPS unit (plus installation) is reduced by 30 percent provided you have a tax liability over the course of two years. Depending on where you live, you could save even more! States have also implemented rebates for small wind systems which can be used in addition to the Federal credit. Furthermore, in the last two months alone, more than 30 States have introduced legislation that either expands incentives for renewable energy and/or addresses market barriers.
Q: How does a tax credit work?
A: Typically, a tax credit is money that you can deduct from any money owed to the federal government at tax time (tax liability). The small wind tax credit can be carried over two years after the product is installed. For more information on how to take advantage of the credit, we suggest that you speak to a tax specialist.
Q: How do I claim the credit?
A: File the long form and itemize your deductions. The IRS form 5695 must be completed and filed with your taxes. The current form does not reflect the changes to the most recent legislation.
Q: What if I want to purchase and install more than one WPS unit?
A: The stimulus package allows for a 30 percent tax credit on the total cost of multiple units. There is no cap on the 30 percent tax credit. Businesses may qualify for a grant from the treasury in lieu of a tax credit.
Q: I heard I can get cash back rather than a tax credit – how does that work?
A: Businesses can apply for a grant from the US treasury and rather than a tax credit, receive a cash grant. The details are still being worked out but should be in place by the second half of 2009.
AWEA REPORTS 78% GROWTH IN 2008
FOR U.S. SMALL WIND MARKET
U.S. Department of Energy Analysis Finds That Wind Power
Can Be Major Contributor to Energy Mix
WASHINGTON, D.C.
The American Wind Energy Association (AWEA) reports that the U.S. market for small wind turbines – those with capacities of 100 kilowatts (kW) and less – grew 78% in 2008, with a total of 17.3 megawatts (MW) of new installed capacity, offering new evidence that consumer demand for clean energy options is on the rise.
“The U.S. wind industry is a growing bright spot in our domestic economy, and the small wind sector is no exception,” said AWEA CEO Denise Bode. “Strong federal policies like the federal investment tax credit for small wind are critical to future growth, just as adoption of a federal renewable electricity standard (RES) is essential to growth in the utility-scale market.”
U.S. manufacturers sold about half of all small wind turbines installed worldwide last year. U.S. market share amounted to $77 million of the $156 million global total. (Worldwide, about 38.7 MW of new small wind capacity was installed in 2008.) Growth in the small wind sector is largely attributable to increased private investment that has allowed manufacturing volumes to increase, particularly for the commercial segment of the market (systems 21-100 kW).
The still-largest segment of the market, residential (1-10 kW), was likewise driven by investment and manufacturing economies of scale, but also rising residential electricity prices and a heightened public awareness of the technology and its attributes.
“Consumers are looking for affordable ways to improve their energy security and reduce their personal carbon footprint,” said Ron Stimmel, AWEA’s Small Wind Advocate. “Small wind technology can be an answer to that search. As government policies have caught up with consumer interest, we’re seeing people all across the U.S. take advantage of this abundant, domestic natural resource and U.S. manufacturers have been able to meet this increasing demand.”
The study included a poll of small wind manufacturers, who project a 30-fold growth in the U.S. small wind market within as little as five years, despite a global recession. Much of this estimated growth will be spurred by the new eight-year 30% federal Investment Tax Credit (ITC) passed by Congress in October 2008 and augmented in February 2009.
“Wind energy is an all-around win,” said Bode. “Every day, Americans are saving money on their electricity bills, boosting the national economic recovery, and helping to reduce our collective greenhouse gas emissions. This is great news for all Americans.”
# # # About the American Wind Energy Association (AWEA):
AWEA is the national trade association of America’s wind industry, with more than 1,900 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America.
`Smart grid' — Buzz of the Electric Power Industry
By H. JOSEF HEBERT, Associated Press Writer
Saturday June 6, 2009
WASHINGTON, D.C.
Thomas Alva Edison, meet the Internet.
More than a century after Edison invented a reliable light bulb, the nation's electricity distribution system, an aging spider web of power lines, is poised to move into the digital age.
The "smart grid" has become the buzz of the electric power industry, at the White House and among members of Congress. President Barack Obama says it's essential to boost development of wind and solar power, get people to use less energy and to tackle climate change.
What smart grid visionaries see coming are home thermostats and appliances that adjust automatically depending on the cost of power; where a water heater may get juice from a neighbor's rooftop solar panel; and where on a scorching hot day a plug-in hybrid electric car charges one minute and the next sends electricity back to the grid to help head off a brownout.
It is where utilities get instant feedback on a transformer outage, shift easily among energy sources, integrating wind and solar energy with electricity from coal-burning power plants, and go into homes and businesses to automatically adjust power use based on prearranged agreements.
"It's the marriage of information technology and automation technology with the existing electricity network. This is the energy Internet," said Bob Gilligan, vice president for transmission at GE Energy, which is aggressively pursuing smart grid development. "There are going to be applications 10 years from now that you and I have no idea that we're going to want or need or think are essential to our lives."
Hundreds of technology companies and almost every major electric utility company see smart grid as the future. That interest got a boost with the availability of $4.5 billion in federal economic recovery money for smart grid technology.
But smart grid won't be cheap; cost estimates run as high as $75 billion. Who's going to pay the bill? Will consumers get the payback they are promised? Might "smart meters" be too intrusive? Could an end-to-end computerization of the grid increase the risk of cyberattacks?
Today's grid is seen by many as little different from one envisioned by Edison 127 years ago.
The hundreds of thousands of miles of power lines that crisscross the country have been compared to a river flowing down a hill: an inefficient one-way movement of electrons from power plant to consumer. There is little way to provide any feedback of information to the power company running the system or those buying the electricity.
"The heart of a smart grid is to make the grid more flexible, to more easily control the flow of electrons, and make it more efficient and reliable," said Greg Scheu, head of the power production division at ABB North America, a leading grid technology provider.
"The meter is only the beginning," said Alex Huang, director of a grid technology center at North Carolina State University. He said that instead of power flowing from a small number of power plants, the smart grid can usher in a system of distributed energy so electricity "will flow from homes and businesses into the grid, neighborhoods will use local power and not just power flowing from a single source."
There are glimpses of what the future grid might look like.
On the University of Colorado campus in Boulder, the chancellor's home has been turned into a smart grid showhouse as part of a citywide $100 million demonstration project spearheaded by Xcel Energy. The home has a laptop-controlled electricity management system that integrates a rooftop solar panel with grid-supplied power and tracks energy use as well as equipment to charge a plug-in hybrid electric car.
Florida Power & Light is planning to provide smart meters covering 1 million homes and businesses in the Miami area over the next two years in a $200 million project. Smart meters are being distributed by utilities from California to Delaware's Delmarva Peninsula.
"We've got about 70 (smart grid) pilots all over the country right now," said Mike Oldak, an expert on smart grid at the Edison Electric Institute, which represents investor-owned power companies.
Center Point Energy, which serves 2.2 million customers in the metropolitan Houston area, expects to spend $1 billion over the next five years on smart grid. Residential customers are seeing an additional $3.24 a month on their electric bills, but Center Point says that should be more than offset by energy savings.
An Energy Department study projects energy savings of 5 percent to 15 percent from smart grid.
"This pays for itself through efficiency and demand reduction and if you don't look at it from that perspective you won't get your money back," said Thomas Standish, group president for regulated operations at Center Power Energy.
The cost and payback have some state regulators worried.
"We need to demonstrate to folks that there's a benefit here before we ask them to pay for this stuff," says Frederick Butler, chairman of New Jersey's utility commission and president of NARUC, the national group that represents these state agencies.
Energy Secretary Steven Chu, said the current grid stands in the way of increasing the use of renewable energy sources such as wind and solar that "will need a system that can dispatch power here, there and everywhere on a very quick basis."
But Chu and others also worry about security. "If you want to create mischief one very good way to create a great deal of mischief is to actually bring down a smart grid system. This system has to be incredibly secure."
And there is the issue of intrusion.
"Is the average consumer willing to pay the upfront costs of a new system and then respond appropriately to price signals? Or will people view a utility's ability to reach inside a home to turn down a thermostat as Orwellian?" Sen. Lisa Murkowski, R-Alaska, said at a recent hearing on smart grid.
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On the Net:
Interactive smart grid: http://tinyurl.com/o5qeep