This week I was gleeful to find American Council for an Energy Efficient Economy released a study on my two favorite subjects on which to rant: taxes and energy efficiency! Yeah! I blogged about tax-distorting effects of EE about a year ago in EE V IRS,with many of the same arguments noted in the recent ACEEE paper. The ACEEE paper points out that: Since the cost of energy is a business expense, it is tax deductible and therefore, the tax code penalizes to the tune of 35% the bottom line improvement from saving energy. As I mentioned in EE V…
Read More
Recently, we received our umpteenth “request for proposal” (RFP) to provide the engineering required to capture the elusive $1.80 tax deduction on new or remodeled buildings. We spend a lot of time, money and effort to drive business through our doors but I’m not sure I want to see another one of these. Like the rest of the universally incomprehensible tax code, the engineering piece of this is relatively complex. If we did this all the time, it wouldn’t be a problem. But it seems we get the next RFP just as the rules are overwritten in my long-term memory…
Read More
