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Claiming the business energy credit for using alternative energy

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Claiming the business energy credit for using alternative energy

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property.

The credit is intended primarily for business users of alternative energy (other energy tax breaks apply if you use alternative energy in your home or produce energy for sale).

Eligible property

The business energy credit equals 30% of the basis of the following:

  • Equipment, the construction of which begins before 2024, that uses solar energy to generate electricity for heating and cooling structures, for hot water, or heat used in industrial or commercial processes (except for swimming pools). If construction began in 2020, the credit rate is 26%, reduced to 22% for construction beginning in calendar year 2023; and, unless the property is placed in service before 2026, the credit rate is 10%.
  • Equipment, the construction of which begins before 2024, using solar energy to illuminate a structure’s inside using fiber-optic distributed sunlight. If construction began in 2020, the credit rate is 26%, reduced to 22% for construction beginning in 2023; and, unless the property is placed in service before 2026, the credit rate is 0%.
  • Certain fuel-cell property the construction of which begins before 2024. If construction began in 2020, the credit rate is 26%, reduced to 22% for construction beginning in 2023; and, unless the property is placed in service before 2026, the credit rate is 0%.
  • Certain small wind energy property the construction of which begins before 2024. If construction began in 2020, the credit rate is 26%, reduced to 22% for construction beginning in 2023; and, unless the property is placed in service before 2026, the credit rate is 0%.
  • Certain waste energy property, the construction of which begins before January 1, 2024. If construction began in 2020, the credit rate is 26%, reduced to 22% for construction beginning in 2023; and, unless the property is placed in service before 2026, the credit rate is 0%.
  • Certain offshore wind facilities with construction beginning before 2026. There’s no phase-out of this property.

The credit equals 10% of the basis of the following:

  • Certain equipment used to produce, distribute, or use energy derived from a geothermal deposit.
  • Certain cogeneration property with construction beginning before 2024.
  • Certain microturbine property with construction beginning before 2024.
  • Certain equipment, with construction beginning before 2024, that uses the ground or ground water to heat or cool a structure.

Pluses and minuses

However, there are several restrictions. For example, the credit isn’t available for property acquired with certain non-recourse financing. Additionally, if the credit is allowable for property, the “basis” is reduced by 50% of the allowable credit.

On the other hand, a favorable aspect is that, for the same property, the credit can sometimes be used in combination with other benefits — for example, federal income tax expensing, state tax credits or utility rebates.

There are business considerations unrelated to the tax and non-tax benefits that may influence your decision to use alternative energy. And even if you choose to use it, you might do so without owning the equipment, which would mean forgoing the business energy credit.

As you can see, there are many issues to consider. We can help you address these alternative energy considerations. 

© 2021

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Alternative Energy

Our 5-Step Process To Start Saving On Your Energy Bills Now – Alternative Energy Systems

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The first step to lowering your energy bills is very simple — all you have to do is give our team a call! We’ll come to your home or business and provide you with a free consultation and discuss your options for solar panels with an estimate. You can also visit us at our Chico showroom at a time that is convenient for you!

Our team can take a look at your utility bills with you to discover your precise needs. This will help us give you the most accurate estimate, and it will provide us with the info we need to make sure we provide your property with the right amount of power to meet your monthly needs.

Once we have outlined your needs, we’ll partner with you to design a custom solar system. No two homes or businesses use power alike, and your needs will vary from others. We will be sure to give you an affordable and well-designed system that can greatly reduce your monthly bills.

Once we have designed your system and coordinated all the appropriate permits with your local city or county, our team will get to work! Alternative Energy Systems will install your brand new solar system at your home or business.

The final step is another easy one! Once we have received permission from your utility, our team will activate your solar panels, and all you have to do is sit back and enjoy the savings! Once you are dependent on your own source of energy, you won’t have to pay the high premiums of your local energy provider!

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Alternative Energy

Pyrophosphate as an alternative energy currency in plants | Biochemical Journal | Portland Press

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In the conditions of [Mg2+] elevation that occur, in particular, under low oxygen stress and are the consequence of the decrease in [ATP] and increase in [ADP] and [AMP], pyrophosphate (PPi) can function as an alternative energy currency in plant cells. In addition to its production by various metabolic pathways, PPi can be synthesized in the combined reactions of pyruvate, phosphate dikinase (PPDK) and pyruvate kinase (PK) by so-called PK/PPDK substrate cycle, and in the reverse reaction of membrane-bound H+-pyrophosphatase, which uses the energy of electrochemical gradients generated on tonoplast and plasma membrane. The PPi can then be consumed in its active forms of MgPPi and Mg2PPi by PPi-utilizing enzymes, which require an elevated [Mg2+]. This ensures a continuous operation of glycolysis in the conditions of suppressed ATP synthesis, keeping metabolism energy efficient and less dependent on ATP.

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Alternative Energy

Alternative Energy: The Future is here

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The world is changing rapidly.

All of us were born and grew up in a world that needs to burn something to create energy, a “technology” as old as the Neanderthaler. Think of it, I am not sure when exactly fire was “invented” to heat the caves, but since that time humanity builds its progress upon that same chemical reaction.

Rapid oxidization.

One could argue that this one chemical reaction – the oxidation of materials under production of heat and or expansion – is – from the human perspective – nature’s most important chemical reaction. At least viewed from an economic standpoint.

Now what about those great German cars of the last 30 or so years with their magnificent engines?

Well, still something is still burned inside these machines and creates a combustion, which in turn pushes pistons. Gasoline in, a spark and off you go.

Still stone-age technology, albeit very much advanced and much more fancy.

But the Zeitgeist, and especially the limited resources of Mother Earth force us humans to find new ways to power and move our societies.

I would argue that these alternative energies are readily available. Many of them have for a long time, but needed advanced technologies to be harvested.

Alternative Energy: The Future is here

What is Alternative Energy?

So lets’ begin with the question of “What is alternative energy?” In the end energy is defined as a force being able to have an effect in this seemingly Newtonian world.

Definition of Alternative Energy

At least that is the kind of energy that our human daily lives are interested in: How to heat my home and get from A to B.

Bur for me there are more alternative energy sources than normally listed on websites dealing with this topic. I would argue that we also look at energies that come and go beyond our 3D, Newtonian world:

  • What about Magnetics?
  • What about gravitational energy?

To the best of my knowledge, both forces defy the “set in stone” laws of thermodynamics… they do not deplete. Otherwise Pluto would long have left or solar system and our Earth also would be uninhabitable, having left the perfect orbit around our sun.

So to me alternative energy consists of anything we can use directly or indirectly use to heat our homes or get us from A to B. We are looking here for alternatives to the burning of fossil fuels or trees.

And I do think we also have to leave our Newtonian worldview to advance technologically. Quantum Physics is “proven” and a fact but has nothing to do with the Newtonian worldview… except that the world of Newton, of objects moving to a heavenly body – stems from the Quarks and Neutrino of the Quantum World. So our world stems from the Quantum Physics world beyond.

As far as I know it is theorized that magnetism stems from another dimension reaching into ours… that might save the Laws of Thermodynamics if we expand them to that other dimension. But honestly, I do not believe that the dimension cares about our Laws of Thermodynamics.

Is Nuclear Power a Alternative Energy source?

Oh, and some claim that nuclear power is a type of alternative energy. I strongly contradict. Firstly, humanity has a t least 3 times badly burned it’s hand with this insecure, unstable and highly and long-lasting toxin “technology” – think of Sellafield, Chernobyl and Fukushima… I think there were more at least close calls.

Also: did you know that a nuclear power plant is nothing more than a very very expensive, very, very dangerous, very toxic waste producing – steam engine.

Yes, all they do is use one of the most dangerous materials on Earth to heat water to run a steam engine.

I nearly had to laugh when I learned about that fact.

And no, it does not produce CO2, but so much more toxic waste still being deadly 1000s of generations after we are gone…and by that I mean our society.

Alternative Energy types

So, having dealt with Bill Gates favorite Nuclear Fission (our Nuclear plants today) – splitting the atoms to free the energy, let us create a list of real alternative energy types. (Btw.: If we came up with Nuclear Fusion, that would be a completely different game – no wastes to my knowledge).

I see natural sources, and new technological developments, which tap into the power beyond the laws of thermodynamics.

Alternative Energy sources

So what are sources of alternative energy?

What is obvious is the natural sources:

  1. Wind
  2. Solar
  3. Geothermal
  4. Tidal (indirect gravitational)

A word about geothermal energy

geothermal power plant

I should mention that geothermal in my opinion has much more potential to get us to carbon-free than we give it credit. Right now, you would think that geothermal energy only would work in ie. sn volcanic environment like Iceland.

If there is not enough heat close to the earth’s surface, we believe we have to dig too deep to find enough heat.

As Nuclear Fission, Geothermal energy works by heating up water which in turn turns a steam engine.

Now, what happens if we do not use water for creating the “steam”, but some benign chemical (in a closed circuit, no leaking into the earth) that boils much earlier than water does (at 100°C)? Then we would not have to dig nearly as deep in areas with any volcanic activity.

I would go so far as to say that with this technology we could power any city in the world with enough electricity by digging only a few dozen or hundred meters, until it becomes warm enough for this alternative fluid to reach its boiling point and become steam – driving the blades and creating electricity.

Some ask which of these energy sources are exhaustible: Well, in billions of years all of them, even our sun will one day vanish. But in thousands of lifetimes all these energy sources will not fail us.

Magnetics as an Alternative Energy source

But it gets better. Here is favorite (future) alternative energy source:

  1. Magnetics

We all have heard of impossible fantastic machines that do not need fuels and still somehow create drive around, cars built by some obscure lay scientist, that run on unknown energies.

You heard stories like this if you had your antennas not locked on only to the mass media (and even there I read about these things).

But we are always told by experts that it all was just a hoax and we never heard about the developments again.

Until now.

Have a look at https://innovationt.com .

They are already building engines that are powered by magnetics alone.

This is the website of a company that solves energy needs with “future” technologies. And they are actually implementing magnetic engines … without any need for fuel.

I heard about this the first time on the Kryon channel…and am intrigued ever since. But check it out yourself:

For me, this is the alternative energy solution….using forces out of the quantum field or another dimension to heat our homes and power our cars .

This for me is great news and promises a great future.

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