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Federal Renewable Energy Bill Income Tax Credit & Alternative Solar Power
Produce Investment Incentives & Benefits to the World November 2005
New Solar Thermal (& Biomass) Energy & Turbine - Generator Technology:
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- Will reduce the cost of electrical power (and all fuel costs - gas, oil, energy prices).
- Will reduce demand for oil which would improve international relations - ease tensions / conflicts - fewer lives lost. Less money going to terrorists & their murderous activities.
- REDUCES POLLUTION, global warming, health problems, healthcare costs, etc.
- Allows for less dependence on the power grid - greater self-sufficiency & security.
- Will reduce the need for and number of high voltage power lines.
- Provides lower cost and clean power in remote areas, etc., etc., etc.
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Investors / Tax Payers:
Earn 23% on an investment with a federal income Tax Credit of 100%
A new program (Nov. 2005) with new solar power technology and the renewable energy incentive (30% credit) generates a 100% credit on income taxes. You can turn your tax liability into a dividend earning investment (the IRS will essentially reimburse your investment). Investing only what you would otherwise pay in taxes will result in essentially no cost (or risk).
Invest $9000 (minimum) and gain a Federal Income Tax Credit of $9000 (100%). Plus earn a dividend of 23% (or more) for 6 years (Total $12,600 per $9000 invested = 140% gain on top of the return of your initial $9000 investment). This renewable energy tax credit is effective for (just) 2 years (2006 thru 2007). Any excess credit realized in 2006 may be used to retrieve taxes paid in 2005 (1 year back) and/or carried forward for 20 years.
The Program involves leasing one, or more units of Solar Power Equipment for 6 years, for an upfront / pre-paid total cost of $9000 per unit (for the whole 6 years), and then sub-leasing it to a power company (pre-arranged) for a sub-lease payment of $2100 / year (income), for the 6 years. The unit of equipment is composed of one lens with accompanying heat exchanger – that will power a new patented, blade-less, efficient turbine and generator, which will be one (approx. 10kw) section of a larger, complete solar energy farm. A participant would not own, nor be required to operate & maintain a solar power plant. They would be providing part of a larger solar energy farm (1 MW to start) in southern Utah – which will be operated and maintained by a power company.
The federal credit on renewable energy is 30% of the cost of the equipment bought or leased. In this program, the cost of the equipment (leased) is $30,000 on which, the 30% credit is $9000. This unit of equipment is being leased for (just) $9000 – hence, $9000 invested (cost) and $9000 credit.
Early investments will earn a bonus ( $90,000 expected within 5 years).
Now it is possible to support the development of clean solar power by simply employing / re-directing your tax liability, which will help reduce pollution, fuel costs - oil, gas, electricity, energy prices & dependence on foreign oil, etc., while also, making a considerable profit.
For more info: contact us.
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