Sign the petition for renewable energy!

One of the ways the White House encourages public participation in government is through online petitions. A recent petition caught our attention, and we’d like to encourage everyone to take a look and sign-on if you agree!

The petition is to extend a program aimed at companies which invest in new renewable energy projects. For many years, the federal government has offered a tax credit equal to 30% of the upfront investment amount for new renewable projects. For the past two years, though, investors have had the option of choosing a direct cash grant in lieu of the tax credit.

The direct cash grant specifically encourages investment by entrepreneurs and other new entrants into the marketplace, because it means you don’t have to have a lot of profits to benefit. (A tax credit is only beneficial to companies who owe taxes, and you only owe taxes if your income exceeds your expense!) Small renewable energy projects often don’t make profits for the first few years, as equipment is depreciated and start-up non-capital expenses are incurred; as a result, the tax credits can’t be used until several years later. The immediacy and certainty of the cash grant makes small renewable energy projects much more attractive to entrepreneurs.

This petition seeks to extend the cash-grant option for another two years. We urge you to sign on!

**Visit whitehouse.gov to create an account and sign the petition now!**

Author Bio

terrapass

Comments Disabled

  1. Pam Longobardi - September 28, 2011

    Its now or never, folks.

  2. kt - September 28, 2011

    just in case you are a little confused, like I was, just click on “petition” in the above to be taken directly to the link, where you can create an account (if you don’t already have one) and sign the petition. Please forward, too!!!! Needs lots of sigs!

  3. kimberly Ross - September 28, 2011

    Now or never.

  4. Miles Nelson - September 28, 2011

    Invest in companies that are trying to compete in the renewable energy industry. Also, encourage companies to purchase products and services manufactured by these companies.

  5. Elizabeth Gulick - September 28, 2011

    Think of what kind of earth we will be leaving,,,
    Sign the petition –

  6. Charlotte Davis - September 28, 2011

    Please support and renew the credits

  7. RL - September 28, 2011

    Lets all move on to a positive and progressive future PLEASE!
    Science and conservation has all the answers to save our beautiful planet!

  8. Brian Archer - September 28, 2011

    Our bodies are constantly in a state of renewal; why not our energy supplies

  9. David Burr - September 28, 2011

    Grow up people.
    The country is broke. If a person wants to buy something, let them buy it. Do not subsidize things with OTHER PEOPLES money.
    The only money any government has is OTHER PEOPLES MONEY, taken at gun point.
    If you really care about the enviornment, do practical things at your own expense; stop eating meat, use things until they are no longer usable, stop wasting energy.

  10. Patrick Serfass - October 14, 2011

    Thanks for all your action! The petition has over 400 signatures now, but we need over 4,000 more by October 22.
    Please forward this link to the petition to get your friends to sign it: http://wh.gov/gW5
    Section 1603 will encourage the growth of the biogas industry which is based on using organic waste to make domestic, renewable, baseload energy. Garbage to green energy. What’s not to love?

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